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AI brief of an SEC Form 8-K · Virtus Convertible & Income Fund II (NCZ)

AllianzGI Convertible & Income Fund II (NCZ) to get Virtus as new investment manager

Neutral Impact 4 of 5 other Written later

AllianzGI and Virtus Investment Partners agreed to a strategic partnership under which a Virtus subsidiary would become investment manager to the Fund. The new arrangements require approval by the Fund's Board of Trustees and Fund shareholders and are expected to be in place by the end of calendar year 2020, which would change who manages the Fund.

Key points

  • Virtus Investment Advisers, Inc., a Virtus subsidiary, would become investment manager to the Fund.
  • The arrangements are subject to approval by the Fund's Board of Trustees and Fund shareholders; completion is expected by the end of calendar year 2020.
  • AllianzGI's approximately $23 billion in U.S. retail assets, as of May 31, 2020, would move to Virtus, and AllianzGI's Value Equity team (about $7 billion) would join Virtus.
  • The companies disclosed no specific terms other than no payments at closing.

The filing

CompanyVirtus Convertible & Income Fund II (NCZ)
Form8-K, current report
Filed with the SECJul 7, 2020, 7:56 AM ET
Accession number0001193125-20-188400

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 07, 2020.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.