NCZ: Q&A About The Fund's Distribution Suspension

Summary

  • NCZ recently suspended its distribution, though it ended up paying it shortly after.
  • We discuss some of the reasons behind this unusual, though not very surprising, event.
  • And we highlight some of the key regulatory and economic factors investors ought to keep in mind when allocating to CEFs.
  • I do much more than just articles at Systematic Income: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Roller Coaster of interest Rates And Inflation

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This article was first released to Systematic Income subscribers and free trials on July 20.

In this article we discuss the recent distribution suspension / reinstatement of the Virtus Convertible & Income Fund II (NYSE:NCZ). A discussion of this

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ADS Analytics is a team of analysts with experience in research and trading departments at several industry-leading global investment banks. They focus on generating income ideas from a range of security types including: CEFs, ETFs and mutual funds, BDCs as well as individual preferred stocks and baby bonds.

ADS Analytics runs the investing group Systematic Income which features 3 different portfolios for a range of yield targets as well interactive tools for investors, daily updates and a vibrant community.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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