NCV CEF — Virtus Convertible & Income Fund

Virtus Convertible & Income Fund (NCV)

Updated November 12, 2026.

NCV is a CEF. Its distribution rate is 11.25%, its trailing-12-month yield is 12.18%, its expense ratio is 2.4661%. Dividend Vision Distribution Safety Score™ is 63/100 (Generally safe). Total return is 312.8% over the past 23.6 years, 956.6 points behind SPY at 1269.4%.

At the current 11.25% distribution rate, a $10,000 investment would generate approximately $1,125 per year, or $93.75 per month.

NCV performance versus SPY

As of Nov 12, 2026

Total return is 312.8% over the past 23.6 years, 956.6 points behind SPY at 1269.4%. Over the past year its total return — price change plus distributions reinvested — is 3.6%. Its deepest 1-year drawdown was 14.0%.

NCV key facts

Distribution Safety Score™

63 · Generally safe

Safety-Adjusted Yield

7.09%

Issuer

Virtus Investment Partners

Asset type

CEF

Asset class

Fixed Income

Inception date

03/31/2003

Expense ratio

2.4661%

Distribution rate

11.25%

Distribution frequency

Monthly

Trailing yield

12.18%

5-year average yield

11.86

Last close

$14.51 (as of 2026-11-12)

NAV

$16.66; NAV date unknown

Premium / discount

Premium not shown · NAV date unknown

Market cap

$336,415,616

Average volume

60,592

Dividend

$0.136

Ex-dividend date

11/12/2026

Payment date

11/27/2026

Beta

1.21

AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (11.25%) uses latest regular dividend ($0.136) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (12.18%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Virtus Investment Partners; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NCV risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 14.0%.

Who may consider NCV — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on NCV

• CEFs going ex-dividend this week
• All tickers starting with N

Tagged: CEF, Fixed Income.

Frequently asked questions

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