- The Vertical Capital Income Fund is a niche closed-end fund that invests nearly all of its assets in first lien whole loans secured by residential real estate.
- The fund has a current managed distribution yield of 9.6% and currently trades at a 13.69% discount to its last reported net asset value.
- I spoke with the fund management recently on a 30 minute conference call and they described the main drivers of fund performance, how the fund correlates to other investments and.
For further details see:
VCIF: Has Provided Good Relative Performance During The Bond Bear Market