Virtus AllianzGI Convertible & Income Fund II

Virtus AllianzGI Convertible & Income Fund II operates as a closed-end fund, which seeks to provide total return through a combination of capital appreciation and high current income. It invests in a diversified portfolio of domestic convertible securities and non-convertible high-yield bonds rated below investment grade. The company was founded on April 22, 2003 and is headquartered in New York, NY.

Virtus AllianzGI Convertible & Income Fund II operates as a closed-end fund, which seeks to provide total return through a combination of capital appreciation and high current income. It invests in a diversified portfolio of domestic convertible securities and non-convertible high-yield bonds rated below investment grade. The company was founded on April 22, 2003 and is headquartered in Greenfield, MA.

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 to Series A cumulative preferred shareholders of record on December 12, 2022.

VIRTUS CONVERTIBLE & INCOME FUND II ANNOUNCES QUARTERLY DISTRIBUTION: 5.500% SERIES A CUMULATIVE PREFERRED SHARES

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12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

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NCZ has suspended, and resumed, distributions. Both NCV and NCZ have deleveraged by redeeming their ARPS.

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NCZ declares October distribution; starts process to pay  previously declared common share distribution HARTFORD, Conn. , Nov. 3, 2022 /PRNewswire/ -- Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) (each, a "Fund" and, together, the "Funds"), today announced final results for each Fund's voluntary tender offer (each, a "Tender Offer" and, together, the "Tender Offers") for up to 100% of its outstanding auction rate preferred shares ("ARPS").

Virtus Convertible & Income Fund, Virtus Convertible & Income Fund II Announce Final Results of ARPS Tender Offers

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Cohen And Steers Total Return Realty Fund

Franklin Templeton Emerging Markets Income Fund

16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

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Delaware Investments

0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.

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HARTFORD, Conn. , Oct. 12, 2022 /PRNewswire/ -- Virtus Convertible & Income Fund II (NYSE: NCZ), a closed-end fund, today announced that it has postponed the record and ex-dividend dates for payment of its monthly distribution of $0.0375 per common share that was scheduled to be paid on November 1, 2022 to shareholders of record on October 13, 2022.

Virtus Convertible & Income Fund II Postpones Record and Ex-Dividend Dates for Monthly Distribution on Common Shares

NCZ postpones its distribution (again). This was due to it falling below minimum asset coverage requirements.

NCZ Postpones Its Distribution (Again)

HARTFORD, Conn. , Oct. 3, 2022 /PRNewswire/ -- Virtus Convertible & Income Fund II (NYSE: NCZ), a closed-end fund, today announced that it has postponed payment of its monthly distribution of $0.0375 per common share that was scheduled to be paid on October 3, 2022 to shareholders of record as of September 12, 2022, and has postponed declaration of its monthly distribution of $0.0375 per common share that was scheduled to be declared on October 3, 2022 for payment on November 1, 2022.

Virtus Convertible & Income Fund II Postpones Monthly Distribution on Common Shares

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Using strategies that incorporate high-yield bonds or collateralized loan obligations, some funds have outpaced inflation. They're worth a look.

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Vertical Capital Income Fund.

CEF NAVs took a big hit in June and continue to show downward trends as they have for most of this year. That trend is driven by wider spreads. Discounts have tightened a bit in recent weeks and are basically saying that a recession is not imminent. If a recession comes, much wider discounts are likely.

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NCZ recently suspended its distribution, though it ended up paying it shortly after. We discuss some of the reasons behind this unusual, though not very surprising, event.

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No Change to Portfolio Management Teams HARTFORD, Conn. , July 21, 2022 /PRNewswire/ -- The Board of Trustees of Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Equity & Convertible Income Fund (NYSE: NIE), and Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has approved new subadvisory agreements between the funds' investment adviser, Virtus Investment Advisers, Inc., and Voya Investment Management Co. LLC ("Voya IM").

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Leverage can add a lot to a closed-end fund's income, by taking advantage of cheap (sometimes very cheap) interest rates available to large institutional investors. But it has its downside risks, as we saw July 1st when Virtus Capital & Income Fund II had to delay its dividend payment and put next month's on hold.

NCZ's Embarrassing 'Postponed' Distribution

HARTFORD, Conn. , July 8, 2022 /PRNewswire/ -- Virtus Convertible & Income Fund II (NYSE: NCZ), a closed-end fund, announced today that it will begin to process its monthly distribution of $0.0375 per common share, which was previously scheduled to be paid on July 1 to shareholders of record as of June 13, 2022.

Virtus Convertible & Income Fund II Announces Payment of Previously Declared Monthly Common Share Distribution; Reconfirms August 1 Distribution

HARTFORD, Conn. , June 1, 2022 /PRNewswire/ -- Virtus AllianzGI Convertible & Income Fund II (NYSE: NCZ), announced today that it has declared a $0.34375 per share cash distribution payable on June 30, 2022 to Series A cumulative preferred shareholders of record on June 13, 2022.

VIRTUS ALLIANZGI CONVERTIBLE & INCOME FUND II DECLARES QUARTERLY DISTRIBUTION: 5.500% SERIES A CUMULATIVE PREFERRED SHARES

The AllianzGI Convertible & Income Fund II primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. While some Virtus AllianzGI FI funds include equities, investors liking the manager should consider their other funds before NCZ.  A list is provided at the end of this article.

NCZ: Virtus AllianzGI Is Not Doing Well Here

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NCZ and its sister fund NCV share many similarities as convertible and high-yield bond investing funds.

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HARTFORD, Conn., Dec. 1, 2021 /PRNewswire/ --  Virtus AllianzGI Convertible & Income Fund II (NYSE: NCZ),  announced today that it has declared a $0.34375 per share cash distribution payable on December 31, 2021 to Series A cumulative preferred shareholders of record on December 13, 2021.

Virtus AllianzGI Convertible & Income Fund II Declares Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares

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Steadily lower yields and heightened volatility make relative value opportunities an attractive alpha generation strategy in CEFs.

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News for Virtus AllianzGI Convertible & Income Fund II ETF (NCZ)