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