NCV: The Best Option Is To Get Out Of This Underperforming Fund Today [Seeking Alpha]
Virtus Convertible & Income Fund Common Shares of Beneficial Interest (NCV)
US:NYSE Investor Relations:
us.allianzgi.com/en-us/products-solutions/closed-end-funds/4393
Company Research
Source: Seeking Alpha
The fund's performance has been disappointing, underperforming comparable indices and delivering negative returns over the past five years. The fund's distribution history is concerning, with multiple distribution cuts and declining net asset value, suggesting an unsustainable situation. The fund may have to cut its distribution in the near future as it has failed to cover its payout for two straight years. The FOMC could fail to satisfy the market's expectations for a March rate cut, causing the value of the assets in the fund's portfolio to fall. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The Virtus Convertible & Income Fund ( NYSE: NCV ) is one of the more interesting and unique closed-end funds that are currently available to investors. As the name implies, the fund does do a reasonable job at providing its investors with a high level of income as its 12.75% curr
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NCV
Sec Filings
- 4/12/24 - Form N-CEN
- 4/5/24 - Form N-CSR
- 3/21/24 - Form NPORT-P
- NCV's page on the SEC website