Virtus Convertible & Income Fund II: Balancing High Yield And Capital Protection Virtus Convertible...

Virtus Convertible & Income Fund II: Balancing High Yield And Capital Protection Virtus Convertible & Income Fund II blends convertible securities and high-yield bonds, delivering high current income and capital appreciation potential. NCZ common stock trades at an 11.3% discount to NAV, near decade lows, with a 10.37% dividend yield and strong 5-year peer outperformance. NCZ.PR.A preferred shares, rated "A" by Fitch, yield 7.49%—the price decline reflects interest rate risk, not credit deterioration.