NCZ News and Press, AllianzGI Convertible & Income Fund II of Beneficial Interest From 11/14/21

We review CEF market valuation and performance over the first week of November and highlight recent market events. November so far delivered NAV gains across all CEF sectors - an unusual occurrence - due to the rally in both stocks and treasuries. Elevated market valuations are pr...

Certain Virtus Closed-end Funds Declare Monthly Distributions: AIO, NCV, NCZ, CBH, and ACV PR Newswire HARTFORD, Conn. , Nov. 1, 2021 /PRNewswire/ -- Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus AllianzGI ...

Steadily lower yields and heightened volatility make relative value opportunities an attractive alpha generation strategy in CEFs. We review past relative value ideas and identify new ones across CEF sectors. Specifically, we highlight rotation opportunities for a number of PIMCO,...

We review CEF market valuation and performance over the last week of September and highlight recent market events. After a string of positive returns, the CEF space finished September in the red as both NAVs and discounts moved lower with shorter-duration credit sectors outperforming....

Historically, for whatever reason, stocks have made most of their gains between November 1 and May 1. (Hence the phrase “sell in May and go away.”) I won’t bore you with the statistical details because they don’t matter for our purposes. Every year is unique,...

We review CEF market valuation and performance over the first short week of September and highlight recent market events. Discounts continue to move sideways even as NAVs keep edging higher. Distribution cuts in the PIMCO suite have highlighted the gap between fund distribution ra...

NFJ is invested in various equities and convertible securities, while it uses a covered call option strategy for downside protection. It has been trading higher compared to its pre-pandemic levels so far in 2021. The fund offers a quarterly distribution of $0.2250 per share, which...

The last two years have seen sharp moves in interest rates across the entire yield curve, causing significant shifts in CEF income. We discuss the various channels through which changes in interest rates can affect CEF income. And dispel a number of myths we hear often among the i...

We review CEF market valuation and performance over the first week of August and highlight recent market events. August saw a strong start for CEFs with discount compression across the board and rising NAVs for equity-linked sectors. We highlight some of the headwinds facing the f...

Convertibles finished the first half of 2021 as the top fixed income asset class, extending their performance as the best performing fixed income asset class of both last year and the year before. Throughout the year, the Calamos Convertible Fund (CICVX) portfolio management team has ...