NCV, NCZ Announces Date of Reverse Stock Splits
Virtus Convertible & Income Fund (NYSE:NCV) and Virtus Convertible & Income Fund II (NYSE:NCZ) announced that a 1-for-4 reverse stock split of the issued and outstanding shares of each Fund will be effective as of the start of trading on Monday, February 10, 2025 ("Effective Date"). The reverse stock splits were previously announced, approved by each Fund's board, and are intended to enhance shareholder value. As a result of the reverse stock splits, one new share will be issued for every four outstanding common shares of NCV and NCZ.
The Funds will retain their trading symbols but have been assigned the following new CUSIP numbers as of the Effective Date: NCV: 92838X805 NCZ: 92838U80
