NCZ - NCV: Attractive Entry Point For This High-Yielding Multi-Sector CEF

• We discuss NCV - a multi-sector CEF trading at a 11% current yield.
• The fund boasts a robust leverage structure due to its reliance on preferreds rather than bank-facing instruments.
• NCV is also trading at an attractive discount valuation relative to its own history and the broader sector.
• The fund also has a portion of the portfolio allocated to growth-oriented sub-sectors which are more attractive in the current macro environment.
• NCV boasts a higher NII NAV yield than its sister fund NCZ due to its lower cost of leverage.

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