AllianzGI Convertible & Income Fund Stock News

Let's talk about convertibles for a second—but not the car with a removable top that everyone thinks of when they hear that word: I'm talking about convertible bonds.

The Virtus Convertible & Income Fund offers a high level of income with a 12.75% current yield, significantly higher than most other closed-end funds. The fund's performance has been disappointing, un

Virtus Convertible & Income Fund offers a high level of current income with a yield of 13.97%. The NCV closed-end fund heavily invests in convertible securities, providing income potential and upside

Virtus Convertible & Income Fund is a closed-end fund focused on domestic convertible securities and high-yield bonds. The fund has a 22% leverage ratio, mainly obtained through an outstanding series

Three out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. Delaware/Abrdn mergers are closed.

We review CEF market valuation and performance through the second week of March and highlight recent market action. CEFs mostly struggled, outside of the higher-quality sectors as two bank failures sp

NCV and NCZ have seen their discounts narrow from the wide discount we saw several months ago. NCZ presents a potentially better opportunity with a larger discount compared to NCV.

12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

NCZ has suspended, and resumed, distributions. Both NCV and NCZ have deleveraged by redeeming their ARPS.

16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Since the last time we touched on NCV, the fund's discount has widened meaningfully. Its sister fund NCZ has had to suspend its distribution a couple of times this year.

0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.

This selloff has set up a very rare opportunity to bag 12%+ yields

While NCZ managed to fix its regulatory problem (leverage slightly over the 50% maximum) very quickly, it was a surprise and shock to many investors who were caught unaware.