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Virtus Convertible & Income Fund II (NCZ)

NYSE - NYSE Delayed Price. Currency in USD
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3.6500+0.0400 (+1.11%)
At close: 04:00PM EDT
3.6500 0.00 (0.00%)
After hours: 07:05PM EDT

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  • A
    Anonymous
    'Hope market gets better after Election Day, I'm one dollar away from breaking even here.
  • l
    lo roller
    Regarding aug dividend, I was paid on aug 1st by ncz and ncv. No truth to the posts scaring investors
  • P
    Prop155
    3.84% increase after hours any word why?
  • Z
    Zeke
    As a holder of the NCZ preferred I would advise all you shareholders of the closed end fund that the current dividend policy is simply not sustainable....I am protected by the 200% rule and me and other preferred shareholders may in fact end up taking control of the fund if the asset coverage ratio continues to fall below regulatory requirements....
  • R
    Ramesh
    July 1st press release states that July & August distribution payments are postponed, due to compliance problem with the Fund's Asset Coverage Ratio, there is no mention of when the payment will be made. Remember this CEF has more than 50% Leverage and the ratio problem is a result of recent decline in value of Fund's portfolio.
    Press release:
    HARTFORD, Conn., July 1, 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 share that was scheduled to be paid on July 1 and has postponed declaration of its monthly distribution of $0.0375 per share that was scheduled to be declared on July 1 for payment on August 1.
    Recent market dislocations have caused the values of the Fund's portfolio securities to decline and, as a result, the Fund's asset coverage ratio for total leverage as of June 30, as calculated in accordance with the Investment Company Act of 1940, was below the 200% minimum asset coverage guideline. Compliance with the asset coverage ratio is required by the Fund's governing documents for declaration or payment of the monthly dividends. As a result, the Fund is not authorized to declare or pay its monthly distributions until the coverage ratio is in compliance. The Fund intends to resume declaration and payment of its monthly distributions once its coverage ratio is in compliance.
  • l
    lo roller
    August 8th ncz will be paying its dikstribution
  • m
    michael
    i read on markerbeat they are supposed to re start dist in oct ex div in sept. LIke I stated before I dumped it and went into clm
  • C
    Clayton
    No dividend for July ?
    Stock price has gone from $16 ( 4/26/07 ) to $3.09 ( 7/8/22) over the last 15 years .
  • R
    Ramesh
    NCZ July & August monthly distribution payment is on as per today's Press release:

    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.
    In addition, the Fund's Board has declared the monthly distribution of $0.0375 per common share for payment on August 1 to shareholders of record as of July 11, 2022 (ex-dividend date of July 8, 2022).
  • l
    lo roller
    The dividend specialist at Schwab says the July dividend payment was omitted for July , August 1st showed ncz paying the distribution again on another web site. Its a 1 month suspension at this time.
  • l
    lo roller
    I Just spoke to Schwab about divi. payments for July, no the july one was not suspended but it was paid july13th . Quite a turn around from news that July was not to be paid. Schwab says August in their records says August not to be paid as yet. He says September dividend will be paid . September 1st. All this herky jerkey stop and go pay out dates are now not reliable. Don't spend it till you got it. The lo roller
  • E
    El perro rabioso
    Yet the similar sister fund NCV maintained and declared its divvy
  • N
    Neil
    no divvy. just like 2020 it is postponed. and no declaration for july
  • l
    lo roller
    dow at 313 up , why is ncz dropped .10 approx.?
  • l
    lo roller
    Just talked by phone to schwab about distribution pmts july and au. He said je sows july and august dist, pmts are set to be paid. However its not showing a pmt for july and its allready the 5th of July. in my schwab history . Last ncz payment June 1 was 75.00 shown on Schwab's history of payments for ncz. None as yet for July ncz payment of 75.00. I think this needs more research As michael might be correct. its unclear if the money will be paid or delayed.
  • m
    michael
    they'll probably reduce the distribution. They,we are down a rabbit hole. I owned it about 4 years. I had to bail. good luck to all.
  • l
    lo roller
    July 13th a dividend was pay to my Schwab account and it still in the bank. Read my other post about August for your information.
  • l
    lo roller
    There is not enough bad things to say about ncz
  • W
    Wild Bill from Outta Town
    The dividend for NCZ is nearing 13%! My bank pays 0.4%. Seems like a good way to generate a steady stream of cash with little downside. I've owned NCZ for a few years now and every month get a fat dividend.

    What am I missing?
  • l
    lo roller
    Only bright spot ncz is going up although is is a slow crawl