NCZ: Distribution Suspension And Resumption Creates Swap Opportunity With NCV

Summary

  • NCZ has suspended, and resumed, distributions.
  • Both NCV and NCZ have deleveraged by redeeming their ARPS.
  • The spread between NCV and NCZ is historically wide.
  • Holders of NCV should switch to NCZ for the same exposure.
  • This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More »

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Author's note: This article was released to CEF/ETF Income Laboratory members as part of last week's CEF Weekly Roundup. Please check the latest data before investing.

NCV resumes distributions

The second news to discuss is the announcement that

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