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Guest Post: NCZ- Provides Exposure To Convertibles And High Yield Bonds And Trades At An Attractive Discount

Guest Post: NCZ- Provides Exposure To Convertibles And High Yield Bonds And Trades At An Attractive Discount

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Yield Hunting
Mar 26, 2021
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Guest Post: NCZ- Provides Exposure To Convertibles And High Yield Bonds And Trades At An Attractive Discount
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Summary

  • NCZ is an Virtus AllianzGI closed-end fund that invests in two underlying asset classes- convertibles and high yield bonds rated below investment grade.

  • The fund used preferred stock for its 38% leverage.

  • The fund's distribution yield is currently about 8.8%.

Virtus AllianzGI Convertible & Income Fund II (NYSE:NCZ) is a balanced closed-end fund that…

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