Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
(NYSE:NCV) HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 per share cash distribution payable on September 30, 2025...
What are the potential implications of this distribution on the fund’s NAV, cash reserves, and future capital allocation strategy?
How does the 5.625% annualized distribution rate compare to similar convertible/income fund preferred securities and to NCV’s common‑share dividend yield?
How will the announced $0.3515625 per share distribution affect the market price and yield of the NCV Series A cumulative preferred shares?
12 days ago