Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares

Virtus Convertible & Income Fund (NYSE: NCV) has declared a quarterly cash distribution of $0.3515625 per share for its Series A cumulative preferred shareholders, payable on September 30, 2025, to those on record as of September 12, 2025. The Series A Cumulative Preferred Shares, trading under the ticker NCV PR A, hold an "A" rating from Fitch Ratings and offer an annual dividend rate of $1.40625 per share. Originally issued on September 20, 2018, at a price of $25.00 per share, these shares are callable at any time for their liquidation value, plus any accrued dividends.

This declared distribution covers the accrual period from July 1, 2025, through September 30, 2025, reflecting the fund's focus on providing attractive income to its investors. Virtus Convertible & Income Fund's objective is to achieve total return by combining capital appreciation with high current income, managed by Virtus Investment Advisers, LLC, with Voya Investment Management serving as subadviser.

Investors should remain aware that investments in funds come with risks, including potential loss of principal, and the fund's shares could be worth less than their purchase price upon sale. Additionally, shares of closed-end funds may trade at premiums or discounts to their net asset value. The fund's annual report details investment objectives and risks, available through the Closed-End Funds section of Virtus' website or by contacting shareholder services.

Virtus Investment Partners, Inc. (NYSE: VRTS) represents a collaboration of boutique investment managers who prioritize the long-term success of individual and institutional investors, offering a wide range of investment solutions tailored to diverse financial goals. For more inquiries, investors can reach out directly to shareholder services.

The recent announcement by Virtus Convertible & Income Fund (NYSE: NCV) regarding its quarterly distribution of $0.3515625 per share for the Series A Cumulative Preferred Shares is noteworthy for current and prospective investors. This distribution, amounting to a substantial annual dividend rate of 5.625% ($1.40625 per share), reflects the fund's ongoing commitment to delivering high current income alongside capital appreciation. With an “A” rating from Fitch Ratings, these shares present a relatively stable investment opportunity in the realm of preferred stocks.

For investors seeking income, the quarterly distribution provides a predictable cash flow, which is particularly appealing in the current economic climate marked by volatility. The shares are callable at their liquidation value, providing a degree of investor security should market conditions shift.

It is important for investors to consider the risks associated with Virtus Convertible & Income Fund. As with any investment in closed-end funds, the shares may trade at a premium or discount relative to their net asset value, potentially impacting total returns. Investors should also be mindful of the inherent risks of possible principal loss.

In alignment with the fund's objective to provide total returns, investors should evaluate their risk tolerance and investment horizons. The presence of Voya Investment Management as a sub-adviser adds confidence in the fund's management, which can be a key factor during turbulent market periods.

Given the attractive yield and the stability reflected in the series rating, existing shareholders should consider maintaining their positions or even deepening their investments. Prospective investors may find an appealing entry point, particularly if market conditions favor income-generating assets. Overall, the current offering is well-positioned for those prioritizing income while remaining cognizant of potential risks.