Virtus Convertible & Income Fund owns convertible securities and other income investments. Convertibles pay income but can also rise or fall with the issuing companies' shares, making stock and credit results part of the cash story.
Business
Equity and convertible CEF
Listing
NCV · New York Stock Exchange
Reporting period
2026-01-31
Dividend schedule
Monthly
How the business works
Coupons and dividends become net investment income after costs. Convertible price changes and realized gains or losses are separate, so income alone cannot describe the full portfolio result.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income before preferred distributions (not common-dividend coverage)$0.54
Feb 1, 2025 to Jan 31, 2026
$0.00$0.54
Distribution yield10.09%Sourced distributions divided by dated market priceTrailing 12-month income yield1.92%Net investment income for Feb 1, 2025 to Jan 31, 2026, divided by market price $15.1200 on Sep 29, 2026. Historical income; not a forecast.Reported annual investment income$0.29Per share for 2026 FY. Excludes investment gains.Annual dividend$1.63Current regular payment annualized per share
Dividend payment history
Date or month
Per share
Sep 29, 2026
$0.136
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
Why the annual trend is limited
The history includes a reverse share split. Compare per-share values on the same share basis. The chart keeps the observations separate across these changes.
Interest and dividends provide recurring income, while conversion features and share prices also affect investment gains and NAV.
Compare income, cash distributions and NAV together. Gains can contribute to payments, so income alone does not describe full distribution support.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest and dividends provide recurring income, while conversion features and share prices also affect investment gains and NAV.
Fund net investment income per common share; actual reporting period, not annualized$0.2900
$0.00$0.30
For the fiscal year ended January 31, 2026, NCV reported $0.29 of net investment income per common share and $1.63 of common distributions. The income-only gap calls for a separate look at convertible and equity results, cash sources and NAV.
Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 34.41%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
Virtus Convertible & Income Fund reported $0.2900 per share for 2025-02-01 through 2026-01-31, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in stocks and convertible securities can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Check the next full-year income and cash totals with convertible holdings, credit, realized results and NAV.
Net asset value (NAV)
NAV per share$17.28Sep 29, 2026Market price$15.12Sep 29, 2026PREMIUM / DISCOUNT TO NAV12.50% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
Check the next full-year income and cash totals with convertible holdings, credit, realized results and NAV.
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U.S. federal · Tax year 2025
Dividend tax treatment
Virtus gives the final 2025 tax breakdown for NCV common-share distributions.
Ordinary, nonqualified
12.04%
Qualified dividends
1.8%
Capital-gain distributions
0%
Return of capital
86.16%
Tax year: 2025. Total distributions: $1.53 per share.
Tax details and source
Total ordinary dividends (includes qualified)
13.84%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
Not stated
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
