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Virtus Convertible & Income Fund II preferred stock offers 6.8% yield with strong credit rating and capital protection.

Market News
09 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Virtus Convertible & Income Fund II's preferred stock (NCZ.PR.A) provides a high 6.8% current yield and holds an 'A' rating from Fitch, making it attractive for conservative investors seeking capital protection. It trades below par and is callable, offering the highest yield among A-rated closed-end fund preferred stocks. The common stock offers a 9.33% dividend yield but carries risks due to high leverage and expense ratios, leading to a 'buy' recommendation for the preferred shares and a 'hold' on the common stock. This makes NCZ.PR.A a compelling option for risk-adjusted income in the fixed-income space.

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Vishay launches a compact automotive optocoupler with top-tier signal immunity and 707 V isolation voltage.

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Man Group discloses 1.68% stake in DCC plc under Irish Takeover Rules

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