Virtus Convertible & Income Fund Series A Pfd 2025年度报告

Investment Company Act file number 811-21284 Virtus Convertible& Income Fund (Exact name of registrant as specified in charter) 101 Munson StreetGreenfield, MA 01301-9683(Address of principal executive offices) (Zip code) Kathryn L. 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 area code: 1-866-270-7788 Date of fiscal year end: January31 Date of reporting period: January31, 2026 Form N-CSR is 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 Rule 30e-1 under the Investment Company Act of 1940 (17 CFR270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is notrequired to respond to the collection of information contained in Form N-CSR unless 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 reviewed thiscollection of information under the clearance requirements of 44 U.S.C. § 3507. 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 DiversifiedIncome & 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 ACVto make a monthly distribution at a rate of $0.15 per share and $0.18 per share, respectively; and for NFJ and NIE to make quarterly distributions at arate of $0.305 per share and $0.50 per share, respectively. Under the terms of the Plan, the Funds seek to maintain a consistent distribution level thatmay be paid in part or 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 returnof capital. 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 capitaldistribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” You should not draw any conclusions about a Fund’s investment performance from the amount of the Fund’s distributions or from the terms of theFund’s Plan. 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,as amended, are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reportingpurposes will depend upon the Fund’s investment results during its fiscal year and may be subject to changes based on tax regulations. The Funds willsend shareholders a 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 bestinterest of the Fund and its shareholders. Information on each Fund is available through the closed-end fund section on the web at www.Virtus.com. Section 19(a) notices are posted on thewebsite at: Table of Contents Message to Shareholders1Manager’s Discussion of Fund Performance:Virtus Artificial Intelligence & Technology Opportunities Fund (“Artificial Intelligence &Technology Opportunities Fund ” or “ AIO”)2Virtus Convertible & Income Fund (“Convertible & Income Fund” or “NCV”)4Virtus Convertible & Income Fund II (“Convertible & Income Fund II” or “ NCZ”)6Virtus Diversified Income & Convertible Fund (“Diversified Income & Convertible Fund” or“ ACV”)8Virtus Dividend, Interest & Premium Strategy Fund (“Dividend, Interest & Premium StrategyFund” or “NFJ”)10Virtus Equity & Convertible Income Fund (“Equity & Convertible Income Fund” or “NIE”)13Portfolio Holdings Summary Weightings15Key Investment Terms17Schedules of Investments:AIO19NCV23NCZ30ACV37NFJ46NIE52Statements of Assets and Liabilities58Statements of Operations60Statements of Changes in Net Assets62Statements of Cash Flows