Virtus Convertible & Income Fund II (NCZ)
Upgrades & Downgrades
Latest NCZ news
NCZ: Capital Structure Shuffle, We Favor The Preferred Shares
31 May 2023
Virtus Convertible & Income Fund II is a convertibles CEF. The closed-end fund has restructured its capital structure, retiring auction rate preferred securities for term preferred stock. The preferre...
8 Income Picks For Any Taste With Yields From 5 To 10+%
22 May 2023
A brief review of some of the positions we like at the moment. Yields ranging from 5% to 10+% in relation to embedded risks.
CEF Weekly Review: More Of The Same On The Distribution Front
18 March 2023
We review CEF market valuation and performance through the second week of March and highlight recent market action. CEFs mostly struggled, outside of the higher-quality sectors as two bank failures sp...
NCV And NCZ: Discounts Narrow For Both, But One Looking More Appealing
22 February 2023
NCV and NCZ have seen their discounts narrow from the wide discount we saw several months ago. NCZ presents a potentially better opportunity with a larger discount compared to NCV.
NCZ.PA: This 6.3% A-Rated Preferred Stock Suffers From Market Discrimination
14 December 2022
Leverage restrictions make any CEF preferred stock relatively safe from a credit perspective. Comparison to bank preferreds through the years.
Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022...
15 November 2022
12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.
NCZ: Distribution Suspension And Resumption Creates Swap Opportunity With NCV
12 November 2022
NCZ has suspended, and resumed, distributions. Both NCV and NCZ have deleveraged by redeeming their ARPS.
Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)
1 November 2022
16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.
Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)
24 October 2022
0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.