NCV, NCZ Announce Reverse Stock Splits and Monthly Distributions
Virtus Convertible & Income Fund II Common Shares of Beneficial Interest (NCZ)
US:NYSE Investor Relations:
morningstar.com/cefs/xnys/nie/quote.html
Company Research
Source: Business Wire
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 every four outstanding common shares currently outstanding of NCV and NCZ. Shareholders will be paid in cash for any fractional shares that may result from the reverse stock split (the “Transaction”). Immediately following the Transaction, each shareholder of record will hold the same percentage of their Fund’s outstanding common stock after the Transaction as held immediately prior to the Transaction and will receive the same monthly cash flow from distributions on net asset value, subject to adjustme
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News
- Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred SharesBusiness Wire
- NCV, NCZ Announce Reverse Stock Splits and Monthly Distributions [Yahoo! Finance]Yahoo! Finance
- NCZ: This Convertible Bond CEF Has Improved Over The Past Few Months [Seeking Alpha]Seeking Alpha
NCZ
Sec Filings
- 11/8/24 - Form SC
- 10/4/24 - Form N-CSRS
- 9/26/24 - Form NPORT-P
- NCZ's page on the SEC website