Virtus Convertible & Income Fund II Series A Pfd 2024年度报告

CERTIFIED SHAREHOLDER REPORT OF REGISTEREDMANAGEMENT INVESTMENT COMPANIES Investment Company Act filenumber811-21338 Virtus Convertible& Income Fund II (Exact name of registrant as specified in charter) 101 Munson StreetGreenfield, MA 01301-9683(Address of principal executive offices) (Zip code) Kathryn Santoro, Esq.Vice President, Chief Legal Officer, Counsel and Secretary for RegistrantOne Financial PlazaHartford, CT 06103-2608(Name and address of agent for service) Registrant’s telephone number, including areacode:1-866-270-7788 Date of fiscal year end:January31 Date of reporting period:January31, 2025 FormN-CSRis to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission tostockholders of any report that is required to be transmitted to stockholders under Rule30e-1under the Investment Company Act of 1940 (17 CFR270.30e-1).The Commission may use the information provided on FormN-CSRin its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by FormN-CSR,and the Commission will make this information public. A registrant is notrequired to respond to the collection of information contained in FormN-CSRunless the Form displays a currently valid Office of Management andBudget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestionsfor reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. The OMB has reviewedthis collection of information under the clearance requirements of 44 U.S.C. § 3507. Item 1.Reports to Stockholders. Not FDIC Insured • No Bank Guarantee • May Lose Value FUND DISTRIBUTIONS AND MANAGED DISTRIBUTION PLAN The Board of Trustees (the “Board,” or the “Trustees”) of the Virtus Artificial Intelligence & Technology Opportunities Fund (“AIO”), Virtus Diversified Income& Convertible Fund (“ACV”), Virtus Dividend, Interest & Premium Strategy Fund (“NFJ”), and Virtus Equity & Convertible Income Fund (“NIE”) (each individually a“Fund” or collectively “Funds”) have adopted a Managed Distribution Plan (the “Plan”). The Plan currently provides for AIO and ACV to make a monthlydistribution at a rate of $0.15 per share and $0.18 per share, respectively, and for NIE to make a quarterly distribution at a rate of $0.50 per share. In addition, thePlan currently provides for NFJ to make a quarterly distribution at a rate of $0.305 per share for distributions starting with a September 26, 2024 pay date; prior tothis date, the rate for NFJ was $0.280 per share. Under the terms of the Plan, the Funds seek to maintain a consistent distribution level that may be paid in partor in full from net investment income, realized capital gains, and a return of capital, or a combination thereof. If a Fund estimates that it has distributed more than its income and capital gains in a particular period, a portion of your distribution may be a return ofcapital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distributiondoes not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” The amounts and sources of distributions reported in a Fund’s notices issued pursuant to Section 19(a) of the Investment Company Act of 1940, asamended, are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposeswill depend upon the Fund’s investment results during its fiscal year and may be subject to changes based on tax regulations. The Funds will send shareholdersa Form 1099-DIV for the calendar year that will tell you how to report distributions for federal income tax purposes. The Board may amend, suspend or terminate the Plan at any time, without prior notice to shareholders, if it deems such action to be in the best interest ofthe Fund and its shareholders. Information on each Fund is available through the closed-end fund section on the web atwww.Virtus.com. Section 19(a) notices are posted on the websiteat: https://www.virtus.com/AIOhttps://www.virtus.com/ACVhttps://www.virtus.com/NFJhttps://www.virtus.com/NIE Table of Contents Message to ShareholdersVirtus Artificial Intelligence & Technology Opportunities Fund (“Artificial Intelligence & Technology Opportunities Fund” or“AIO”)Virtus Convertible & Income Fund (“Convertible & Income Fund” or “NCV”)Virtus Convertible & Income Fund II (“Convertible & Income Fund II” or “NCZ”)Virtus Diversified Income & Convertible Fund (“Diversified Income & Convertible Fund” or “ACV”)Virtus Dividend, Interest & Premium Strategy Fund (“Dividend, Interest & Premium Strategy Fund” or “NFJ”)Virtus Equity & Convertible Income Fund (“Equity & Convertible Income Fund” or “NIE”)Portfol