Virtus AllianzGI Convertible & Income Fund: directors' dealings · United States · SEC (Form 4)

About Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund is a U.S.-listed closed-end fund traded on the NYSE under the ticker NCV, so it belongs to the NYSE/NASDAQ universe and is domiciled in the United States. From an investor’s perspective, NCV is not an operating company in the traditional sense but an asset-management product: it is designed to seek total return through a blend of capital appreciation and high current income, with a portfolio built primarily around convertible securities, common equity exposure linked to convertibles, and other income-oriented instruments. That makes the fund a hybrid income vehicle, sitting between fixed income and equity in terms of risk profile and market behavior. The fund’s history is tied to the former AllianzGI closed-end fund franchise. In 2021, Virtus announced the brand transition that changed AllianzGI-branded closed-end funds into Virtus-branded vehicles, including Virtus AllianzGI Convertible & Income Fund, which became Virtus Convertible & Income Fund. The fund is now managed within the Virtus platform and, according to Virtus communications, is managed by Voya Investment Management as subadviser. The operational headquarters referenced in corporate communications is Hartford, Connecticut, reinforcing its U.S. footprint and its association with a publicly listed U.S. asset manager. In competitive terms, NCV occupies a specialized niche within listed closed-end funds. Its appeal lies in access to convertible securities, an asset class that can provide equity upside participation with some downside buffer relative to straight equities, while also generating periodic income. This is particularly relevant for income-oriented investors seeking diversification beyond plain-vanilla bond funds. Because the fund is closed-end, it has a stable capital base and can remain invested through market cycles, but its shares may trade at a premium or discount to net asset value, which is a key analytical point for valuation and portfolio timing. On the product side, NCV has a distribution-driven profile: the fund has historically declared monthly distributions on its common shares and periodic distributions on preferred shares, underscoring its role as an income product. Recent developments within the broader Virtus closed-end fund complex have included distribution updates and portfolio-management changes in 2025, with Virtus adding a portfolio manager across several closed-end funds managed by Voya Investment Management. For NCV specifically, the recent news flow has centered on ongoing distribution policy and active management oversight rather than transformative corporate events. For French, Belgian, and Swiss investors, NCV should be viewed as a U.S. listed convertible-income fund with a yield-oriented mandate, market-price sensitivity, and NAV discount/premium dynamics that deserve close monitoring.