NCV, NCZ Announce Reverse Stock Splits and Monthly Distributions [Yahoo! Finance]
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: Yahoo! Finance
II (NCZ) have announced a 1-for-4 reverse stock split, effective February 10, 2025, which is expected to increase the per-share market price and potentially improve liquidity. The split will result in one new share being issued for every four outstanding common shares, with fractional shares being paid out in cash. The funds have also announced monthly distributions, with the dividend rate increasing proportionally after the split. The distributions are estimates and may be subject to change based on tax regulations. Generated by Yahoo Finance AI Was this helpful? HARTFORD, Conn., November 20, 2024 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 CUSI
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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 DistributionsBusiness Wire
- 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