NCZ - NCZ: Provides Exposure To Convertibles And High Yield Bonds And Trades At An Attractive Discount
- NCZ is a Virtus AllianzGI closed-end fund that invests in two underlying asset classes - convertibles and high yield bonds rated below investment grade.
- The fund used preferred stock for its 38% leverage.
- The fund's distribution yield is currently about 9%.
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NCZ: Provides Exposure To Convertibles And High Yield Bonds And Trades At An Attractive Discount