ECF - NCV: Appealing Discount But Weak Track Record To Peers
2025-06-28 08:55:23 ET
Written by Nick Ackerman, co-produced by Stanford Chemist
It has been a while since we've given the Virtus Convertible & Income Fund ( NCV ) a look, going back to early 2023 . This is a closed-end fund that combines convertible securities and high-yield bond exposure within the same wrapper. The fund is trading at a historically appealing discount level, and relative to where it was in our prior update, it is also looking like a better value these days. However, the fund has historically been an underperformer relative to its other CEF convertible peers....
NCV: Appealing Discount But Weak Track Record To Peers