- 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.
For further details see:
NCV: Attractive Entry Point For This High-Yielding Multi-Sector CEF