(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 to Series A cumulative preferred shareholders of record on September 12, 2025. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated âAâ by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulat
Related Questions
How will the announced $0.3515625 per share distribution affect the market price and yield of the NCV SeriesâŻA cumulative preferred shares?
How does the 5.625% annualized distribution rate compare to similar convertible/income fund preferred securities and to NCVâs commonâshare dividend yield?
What are the potential implications of this distribution on the fundâs NAV, cash reserves, and future capital allocation strategy?