Guest Post: This Mortgage-Backed Closed-End Bond Fund Offers An Attractive 9+% Distribution Yield

Summary

• The Vertical Capital Income Fund (VCIF) is a niche closed-end bond fund that invests nearly all of its assets in first lien whole loans secured by residential real estate.

• The fund has a current managed distribution yield of 9.3% and currently trades at a 13% discount to its last reported net asset value.

• Activists targeted the fund in 2019 and att…