NCZ Postpones Its Distribution (Again)

Summary

  • NCZ postpones its distribution (again).
  • This was due to it falling below minimum asset coverage requirements.
  • The fund is redeeming some of its preferred shares to deleverage, which will lower future earnings.
  • I do much more than just articles at CEF/ETF Income Laboratory: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

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Author's note: This article was released to CEF/ETF Income Laboratory members as part of the CEF Weekly Roundup on October 4, 2022, with certain numbers updated. Please check latest data before investing.

NCZ postpones its distribution

Virtus Convertible & Income Fund II

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