Company: NCZ-PA
Filing Date: 2025-04-11
Form Type: N-CSR
Source: 0001193125-25-079060
Chunk: 38

Company: Virtus Convertible & Income Fund II
Filing Date: 2025-04-11
Form: N-CSR
Chunk 38
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 share plus accumulated dividends through the date of redemption. Dividends are paid on a quarterly basis and commenced on October 1, 2018, with the first such payment pro-rated from the date of issuance. The following table shows the details of the Cumulative Preferred Shares as of January 31, 2025:

| Fund |     | Issue      
 Date       |     |   Annual 
 Dividend 
     Rate |     |    Shares |     |         Per 
       Share 
 Liquidation 
  Preference |     |   Aggregate 
 Liquidation 
  Preference |
| NCV  |     | 09/20/2018 |     |   5.625% |     | 4,000,000 |     |      $25.00 |     |    $100,000 |
| NCZ  |     | 09/11/2018 |     |    5.500 |     | 4,360,000 |     |       25.00 |     |     109,000 |

Note 12. Indemnifications Under the Funds’ organizational documents, the Funds, Trustees and officers are indemnified against certain liabilities arising out of the performance of their duties to the Funds. In addition, in the normal course of business, the Funds enter into contracts that provide a variety of indemnifications to other parties. The Funds’ maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Funds and that have not occurred. However, the Funds have not had prior claims or losses pursuant to these arrangements and expect the risk of loss to be remote. Note 13. Capital Shares At January 31, 2025, each Fund has one class of common stock with $0.00001 par value of which unlimited shares are authorized.

90

NOTES TO FINANCIAL STATEMENTS (Continued) January 31, 2025

Effective at the start of trading on Monday, February 10, 2025, NCV and NCZ implemented a 1-for-4 reverse stock split. NCV and NCZ shares are now trading on a split-adjusted basis under new CUSIP numbers (NCV: 92838X805 and NCZ: 92838U801). The net effect of the Funds’ reverse stock split was to decrease the number of the Funds’ outstanding common shares and increase the net asset value per common share by a proportionate amount. While the number of the Funds’ outstanding common shares