Virtus Convertible & Income Fund Inc. (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.
The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S. and non-U.S. corporations, alongside a mix of corporate debt, preferred securities and derivative instruments. This strategy enables the fund to capture upside participation in corporate equity appreciation while retaining the downside protection typical of fixed-income assets. In addition, the fund may opportunistically invest in high-yield debt and other credit-sensitive instruments to enhance overall income generation.
Investment management is provided by Virtus Fixed Income Advisers LLC, with sub-advisory support from Standish Mellon Asset Management Company LLC, a division of Mellon Capital. The combined expertise of these teams focuses on rigorous fundamental research, credit analysis and risk management to navigate varying market conditions. The fund may also employ modest leverage to seek incremental returns, subject to regulatory limits and board approval.
Headquartered in Hartford, Connecticut, Virtus Convertible & Income Fund serves a global investor base that includes both retail and institutional clients. Its broad geographic mandate spans developed and emerging markets, allowing the portfolio managers to identify convertible and credit opportunities across a wide range of industries. The fund’s regular distribution policy aims to provide investors with predictable income, making it a potential component in diversified portfolios seeking yield and growth prospects.
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