CII - CII: Attractive Total Returns Attractive Distribution And Trading At A Discount
2024-06-30 12:23:14 ET
Summary
- BlackRock Enhanced Capital and Income Fund (CII) is a closed-end fund that utilizes a covered call strategy.
- CII has a rather concentrated portfolio, with top holdings in the tech giants, though it isn't unlike the broader market these days.
- The fund continues to trade at an attractive discount to its NAV, which makes it an appealing choice to consider.
Written by Nick Ackerman, co-produced by Stanford Chemist.
BlackRock Enhanced Capital and Income Fund ( CII ) is a closed-end fund providing exposure to a portfolio of large-cap equity holdings. The fund's benchmark is the Russell 1000 Index, which, similar to the S&P 500 Index, is heavily tilted towards tech and the Super Six mega-cap growth names. The fund then has a covered call strategy to help generate a steady monthly distribution to investors....
CII: Attractive Total Returns, Attractive Distribution, And Trading At A Discount