Virtus Convertible & Income Fund II (NCZ)

NYSE: NCZ · Real-Time Price · USD
3.320
+0.010 (0.30%)
Dec 5, 2024, 4:00 PM EST - Market closed
0.30%
Market Value 252.70M
Revenue (ttm) 18.09M
Net Income (ttm) 9.95M
Shares Out 76.12M
EPS (ttm) 0.13
PE Ratio 25.40
Forward PE n/a
Dividend $0.36 (10.93%)
Ex-Dividend Date Nov 12, 2024
Volume 288,057
Open 3.320
Previous Close 3.310
Day's Range 3.290 - 3.330
52-Week Range 2.700 - 3.350
Beta 1.26
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]

Sector Financials
Founded 2003
Country United States
Stock Exchange NYSE
Ticker Symbol NCZ
Full Company Profile

News

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 December 31, 2024 to Series A c...

3 days ago - Business Wire

CEF Weekly Review: Emerging Market Debt Remains A Tricky Income Holding

We review the CEF market valuation and performance through the third week of November and highlight recent market action. CEFs had a positive week, with most sectors gaining except for higher-quality ...

Other symbols: EMDMMDMUINCVPCF
4 days ago - Seeking Alpha

NCV, NCZ Announce Reverse Stock Splits and Monthly Distributions

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 reve...

Other symbols: NCV
15 days ago - Business Wire

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...

22 days ago - Seeking Alpha

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...

6 weeks ago - Seeking Alpha

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...

Other symbols: NCV
3 months ago - Business Wire

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.

Other symbols: PHTWIW
6 months ago - Forbes

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...

Other symbols: ACVAIOCBHNCVNFJNIE
6 months ago - Business Wire

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...

8 months ago - Seeking Alpha

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...

Other symbols: ASGIFSCOPDI
9 months ago - Forbes

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...

Other symbols: NCV
9 months ago - Business Wire

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...

1 year ago - Seeking Alpha

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...

Other symbols: CBHNCV
1 year ago - Business Wire

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...

1 year ago - Seeking Alpha

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...

Other symbols: NCV
1 year ago - Business Wire

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...

Other symbols: CBHNCV
1 year ago - Business Wire

8 Income Picks For Any Taste With Yields From 5 To 10+%

A brief review of some of the positions we like at the moment. Yields ranging from 5% to 10+% in relation to embedded risks.

Other symbols: AGNCHTGCMAINRCRGA
1 year ago - Seeking Alpha

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...

Other symbols: ACVAIOCBHNCVNFJNIE
1 year ago - Business Wire

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...

Other symbols: DMOJHIJHSNCVWDI
1 year ago - Seeking Alpha

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 ...

Other symbols: NCV
1 year ago - Business Wire

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.

Other symbols: NCV
1 year ago - Seeking Alpha

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 ...

Other symbols: ACVAIOCBHNCVNFJNIE
2 years ago - PRNewsWire

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...

Other symbols: NCV
2 years ago - PRNewsWire

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.

2 years ago - Seeking Alpha

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...

2 years ago - PRNewsWire