NCZ - Virtus Convertible & Income Fund II postpones dividend on recent market dislocations

• Virtus Convertible & Income Fund II ( NYSE: NCZ ), formerly known as AllianzGI Convertible & Income Fund II, said it has postponed its monthly distributions as the recent market dislocations have caused the values of the fund's portfolio securities to decline.
• The fund has postponed the payment of its monthly distribution of $0.0375 per share that was scheduled to be paid on Oct. 3.
• It has also postponed the declaration of a monthly distribution of $0.0375 per share, scheduled for Oct. 3 and to be paid on Nov. 1.
• NCZ said its asset coverage ratio for total leverage as of Sep. 30 was below the 200% minimum asset coverage guideline.
• The fund needs to comply with the asset coverage ratio for declaration or payment of the monthly distribution.
• Source: Press Release

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