Virtus Convertible & Income Fund (NCV) Stock

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced today that their Boards of Trustees approved a 1-for-4 reverse stock split for each Fund effective on or about the start of trading on Monday, February 10, 2025 (“Effective Date”). The Funds' common shares will begin trading on a split-adjusted basis with new CUSIPs when the market opens on the Effective Date and one new share will be issued for ev.

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) today announced the following distributions on their respective common shares: Virtus Convertible & Income Fund: Ticker Amount of Distribution Ex-Date Record Date Payable Date NCV $0.034 July 11, 2024 July 11, 2024 July 30, 2024 NCV $0.034 August 12, 2024 August 12, 2024 August 29, 2024 Virtus Convertible & Income Fund II: Ticker Amount of Distributi.

The Virtus Convertible & Income Fund has a promising yield of 12.83%, making it stand out from other funds. Despite this, the fund has a track record of lagging behind its competitors and has seen a decrease in its share price. Additionally, the fund's distribution has been decreasing consistently over time and has not been sufficient to cover its distribution for the last two years.

The Virtus Convertible & Income Fund offers a high level of income with a 12.75% current yield, significantly higher than most other closed-end funds. The fund's performance has been disappointing, underperforming comparable indices and delivering negative returns over the past five years. The fund's distribution history is concerning, with multiple distribution cuts and declining net asset value, suggesting an unsustainable situation.

Virtus Convertible & Income Fund offers a high level of current income with a yield of 13.97%. The NCV closed-end fund heavily invests in convertible securities, providing income potential and upside potential of common equity. The fund has experienced disappointing performance, with a significant decline in share price and failure to cover distributions in recent years.