Virtus Convertible & Income Fund II Announces Shareholder Payout

The Virtus Convertible & Income Fund II has confirmed its plans to issue a dividend to its investors. According to Seeking Alpha, the fund will distribute twelve cents per share for the upcoming June period. This declaration provides clarity for shareholders regarding their anticipated returns. Shareholders recorded as of the close of business on June 18, 2024, will be eligible to receive this dividend. The actual payment is scheduled to be made on June 25, 2024, ensuring a quick turnaround from the record date to the distribution date. This type of announcement is a routine disclosure for publicly traded funds and is closely watched by investors who rely on regular income streams from their holdings. Convertible and income funds often appeal to those seeking a blend of capital appreciation potential and consistent income generation.