Virtus Convertible & Income Fund II (NCZ)
| Market Value | 245.85M |
| Revenue (ttm) | 18.09M |
| Net Income (ttm) | 9.95M |
| Shares Out | 76.12M |
| EPS (ttm) | 0.13 |
| PE Ratio | 24.71 |
| Forward PE | n/a |
| Dividend | $0.36 (11.15%) |
| Ex-Dividend Date | Nov 12, 2024 |
| Volume | 272,538 |
| Open | 3.230 |
| Previous Close | 3.240 |
| Day's Range | 3.200 - 3.240 |
| 52-Week Range | 2.700 - 3.240 |
| Beta | 1.24 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About NCZ
Virtus Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. It invests in securities across a broad range of maturities, with the weighted average maturity ranging between five to ten years. The fund typically employs funda... [Read more]
News
This 6.5% Preferred Stock Of NCZ Is Still Full Of 'Alpha'
Virtus Convertible & Income Fund II's preferred shares NCZ-A, trading at $21.11 with a 6.55% yield, are rated “A” by Fitch, making them superior to most non-CEF preferred stocks. Despite not being inv...
NCZ: This Convertible Bond CEF Has Improved Over The Past Few Months
The Virtus Convertible & Income Fund II offers an attractive 11.39% yield, outperforming many peers and appealing to income-focused investors despite potential sustainability concerns. The fund's rece...
Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund II (NYSE: NCZ) announced today that it has declared a $0.34375 per share cash distribution payable on September 30, 2024 to Series A ...
Two Virtus Closed-End Funds Announce Two Monthly Distributions: NCV, NCZ
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 commo...
My Latest ‘Recession Forecast' And 3 Big Dividends To Consider
At my CEF Insider service, we started 2024 expecting stocks to rise about 10% to 15% this year. Well, we're well within that range now: the S&P 500 is up just under 14% in 2024, as of this writing.
Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income...
NCZ: Good Concept, But This Convertible Fund Does Not Measure Up
The Virtus Convertible & Income Fund II is a closed-end fund that invests in a combination of convertible bonds, common stock, and fixed-income securities. The fund has a 12.59% yield, which is attrac...
Thank The Fed For This Shot At Cheap 10%+ Dividends
There is a ton of demand for bonds out there right now, and it's easy to see why: they're offering big income streams—especially when you buy your high-yield “corporates” through our favorite income p...
Two Virtus Closed-End Funds Announce Four Monthly Distributions: NCV, NCZ
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced the following distributions on their respective common shar...
NCZ: Bursting Convertibles Bubble Still Weighs On This Fund
The Virtus Convertible & Income Fund II aims to provide income-focused investors with the potential for capital appreciation through a combination of convertible securities and junk bonds. The fund ha...
Certain Virtus Closed-End Funds Announce Three Monthly Distributions: NCV, NCZ, CBH
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), and Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH) annou...
NCZ: Capital Structure Shuffle, We Favor The Preferred Shares
Virtus Convertible & Income Fund II is a convertibles CEF. The closed-end fund has restructured its capital structure, retiring auction rate preferred securities for term preferred stock. The preferre...
Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Private Placement of Mandatory Redeemable Preferred Shares
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ), closed-end funds, today announced the issuance of mandatory redeemab...
Certain Virtus Closed-End Funds Announce Two Monthly Distributions: NCV, NCZ, CBH
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), and Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH) annou...
Certain Virtus Closed-End Funds Announce Date of Shareholder Meetings
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income...
CEF Weekly Review: More Of The Same On The Distribution Front
We review CEF market valuation and performance through the second week of March and highlight recent market action. CEFs mostly struggled, outside of the higher-quality sectors as two bank failures sp...
Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Adjustments to Monthly Distributions
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced that each fund will adjust the monthly distribution of its ...
NCV And NCZ: Discounts Narrow For Both, But One Looking More Appealing
NCV and NCZ have seen their discounts narrow from the wide discount we saw several months ago. NCZ presents a potentially better opportunity with a larger discount compared to NCV.
Certain Virtus Closed-End Funds Name Ethan Turner as Portfolio Manager
HARTFORD, Conn. , Jan. 27, 2023 /PRNewswire/ -- Seven Virtus closed-end funds that are subadvised by Voya Investment Management (Voya IM) announced that Ethan Turner has been appointed as a portfolio ...
Virtus Convertible & Income Fund, Virtus Convertible & Income Fund II Announce Redemption of Remaining Auction Rate Preferred Shares
HARTFORD, Conn., Jan. 4, 2023 /PRNewswire/ -- Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) (each, a "Fund" and, together, the "Funds"), today announ...
NCZ.PA: This 6.3% A-Rated Preferred Stock Suffers From Market Discrimination
Leverage restrictions make any CEF preferred stock relatively safe from a credit perspective. Comparison to bank preferreds through the years.
VIRTUS CONVERTIBLE & INCOME FUND II ANNOUNCES QUARTERLY DISTRIBUTION: 5.500% SERIES A CUMULATIVE PREFERRED SHARES
HARTFORD, Conn. , Dec. 1, 2022 /PRNewswire/ -- Virtus Convertible & Income Fund II (NYSE: NCZ), announced today that it has declared a $0.34375 per share cash distribution payable on December 30, 2022...
CEF Weekly Review: Can We Expect CEF Prices To Come Back?
We review CEF market valuation and performance through the second week of November and highlight recent market action. CEFs had a strong week with all sectors finishing in the green on the back of a d...
