Virtus AllianzGI Convertible & Income Fund

AllianzGI Convertible & Income Fund is diversified, closed-end fund, which seeks to provide total return through a combination of capital appreciation and current income. It invests in a portfolio of domestic convertible securities and non-convertible high yield bonds rated below investment grade. The company was founded on January 17, 2003 and is headquartered in New York, NY.

Western Asset Mortgage Opportunity Fund

Invesco High Income 2023 Target Term Fund

Virtus AllianzGI Convertible & Income Fund II

Western Asset Diversified Income Fund

We review CEF market valuation and performance through the second week of November and highlight recent market action. CEFs had a strong week with all sectors finishing in the green on the back of a downside inflation surprise.

CEF Weekly Review: Can We Expect CEF Prices To Come Back?

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

Blackrock Health Sciences Trust

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Eaton Vance Enhanced Equity Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

First Trust / Aberdeen Emerging Opportunity Fund

Eagle Capital Growth Fund Inc

Gabelli Utility Trust

John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund

New American High Income Fund

BlackRock Corporate High Yield Fund

Ivy High Income Opportunities Fund

Nuveen Core Equity Alpha Fund

John Hancock Investors Trust

Macquarie Global Infrastructure Total Return Fund Inc

Tortoise Energy Independence Fund, Inc.

Nuveen Missouri Quality Municipal Income Fund

Tortoise MLP Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Oxford Lane Capital

PCM Fund

Pimco California Municipal Income Fund

Pimco Municipal Income Fund II

Pimco California Municipal Income Fund III

RiverNorth Opportunities Fund, Inc.

Tortoise Power and Energy Infrastructure Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

Virtus Total Return Fund

12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022)

NCZ declares October distribution; starts process to pay  previously declared common share distribution HARTFORD, Conn. , Nov. 3, 2022 /PRNewswire/ -- Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) (each, a "Fund" and, together, the "Funds"), today announced final results for each Fund's voluntary tender offer (each, a "Tender Offer" and, together, the "Tender Offers") for up to 100% of its outstanding auction rate preferred shares ("ARPS").

Virtus Convertible & Income Fund, Virtus Convertible & Income Fund II Announce Final Results of ARPS Tender Offers

BlackRock Taxable Municipal Bond Trust

Central and Eastern Europe Fund

Doubleline Opportunistic Credit Fund

Stone Harbor Emerging Markets Total Income Fund

European Equity Fund

Eagle Point Income Company Inc

Eaton Vance Short Duration Diversified Income Fund

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Gabelli Convertible and Income Securities Fund

Gabelli Multimedia Trust

Gabelli Global Utility & Income Trust

John Hancock Hedged Equity & Income Fund

New Ireland Fund Inc

Madison Fund

Putnam Municipal Opportunities Trust

Cohen And Steers Total Return Realty Fund

Franklin Templeton Emerging Markets Income Fund

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: Tortoise Tender Offers Expiring (October 23, 2022)

Since the last time we touched on NCV, the fund's discount has widened meaningfully. Its sister fund NCZ has had to suspend its distribution a couple of times this year.

Virtus Convertible & Income Fund: Better Valuation, But Still Cautious

John Hancock Financial Opportunities Fund

Virtus Stone Harbor Emerging Markets Income Fund 

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Gabelli Equity Trust

Nuveen Arizona Quality Municipal Income Fund

Nuveen Municipal Credit Opportunities Fund

Putnam High Income Securities Fund

Columbia Seligman Premium Technology Growth Func Inc

Delaware Investments

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.

Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)

Neuberger Berman Next Generation Connectivity Fund

This selloff has set up a very rare opportunity to bag 12%+ yields

Bargain Hunting Time: 3 Deeply Discounted Funds Yielding 12%+

Advent Convertible and Income Fund

Eagle Point Credit

Eaton Vance Limited Duration Income Fund

PIMCO Income Strategy Fund II

Virtus Global Multi-Sector Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Using strategies that incorporate high-yield bonds or collateralized loan obligations, some funds have outpaced inflation. They're worth a look.

10 Funds That Beat Inflation and Offer Steady Monthly Income, With Some Risk

Virtus AllianzGI Diversified Income & Convertible Fund

Virtus Artificial Intelligence & Technology Opportunities Fund

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

Virtus Dividend Interest & Premium Strategy Fund

Virtus AllianzGI Equity & Convertible Income Fund

No Change to Portfolio Management Teams HARTFORD, Conn. , July 21, 2022 /PRNewswire/ -- The Board of Trustees of Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Equity & Convertible Income Fund (NYSE: NIE), and Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has approved new subadvisory agreements between the funds' investment adviser, Virtus Investment Advisers, Inc., and Voya Investment Management Co. LLC ("Voya IM").

Certain Virtus Closed-End Funds Announce Shareholder Proposal For New Subadvisory Agreements

HARTFORD, Conn. , June 1, 2022 /PRNewswire/ -- Virtus AllianzGI Convertible & Income Fund (NYSE: NCV), announced today that it has declared a $0.3515625 per share cash distribution payable on June 30, 2022 to Series A cumulative preferred shareholders of record on June 13, 2022.

VIRTUS ALLIANZGI CONVERTIBLE & INCOME FUND DECLARES QUARTERLY DISTRIBUTION: 5.625% SERIES A CUMULATIVE PREFERRED SHARES

NCV is a closed end fund focused on domestic convertible securities and high yield bonds. The fund is highly leveraged making it a very cyclical closed end fund.

NCV: Highly Leveraged Convertibles Fund, 11.4% Yield

Delaware Investments Colorado Municipal Income Fund Inc

Delaware Investments Minnesota Municipal Income Fund II Inc

We review CEF market valuation and performance over the second week of November and highlight recent market events. Discounts mostly rallied this week despite broadly lower NAVs due to rising Treasury yields and lower stocks.

CEF Weekly Market Review: CEF Market Pushes Through Inflation Scare

Quadratic Interest Rate Volatility and Inflation ETF

We review CEF market valuation and performance over the first week of November and highlight recent market events. November so far delivered NAV gains across all CEF sectors - an unusual occurrence - due to the rally in both stocks and treasuries.

CEF Weekly Market Review: CEF Hedges Often Promise More Than They Deliver

NCV was trading at a deeper discount earlier this year when we originally touched on this fund. The fund has a history of trading at premiums, but the latest reduction in the discount takes away some of the downside safety net.

NCV: Discount Narrows And Distribution Coverage Slips

John Hancock Tax-Advantaged Dividend Income Fund

Pimco California Municipal Income Fund II

John Hancock Premium Dividend Fund

Steadily lower yields and heightened volatility make relative value opportunities an attractive alpha generation strategy in CEFs.

Relative Value CEF Opportunities: More Alpha In A Less Beta Environment

Apollo Tactical Income Fund, Inc.

Ares Dynamic Credit Allocation Fund

BlackRock Capital Allocation Trust

Barings Global Short Duration High Yield Fund

WisdomTree Emerging Markets Corporate Bond Fund

VanEck Emerging Markets High Yield Bond ETF

We review CEF market valuation and performance over the first full week of October and highlight recent market events. The CEF market took advantage of the rally in stocks and mostly shrugged off the continued rise in Treasury yields.

CEF Weekly Market Review: Market Shrugs Off Treasury Weakness

Virtus Investment Partners

HARTFORD, Conn., Aug. 3, 2021 /PRNewswire/ -- Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus AllianzGI Convertible & Income Fund (NYSE: NCV), Virtus AllianzGI Convertible & Income Fund II (NYSE: NCZ), Virtus AllianzGI Convertible & Income 2024 Target Term Fund (NYSE: CBH), and Virtus AllianzGI Diversified Income & Convertible Fund (NYSE: ACV) announced the following distribution declarations on their respective common shares: Fund Distribution Per Common Share Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund $0.1250 Virtus AllianzGI Convertible & Income Fund $0.0425 Virtus AllianzGI Convertible & Income Fund II $0.0375 Virtus AllianzGI Convertible & Income 2024 Target Term Fund $0.0460 Virtus AllianzGI Diversified Income & Convertible Fund $0.1670 The distributions, declared August 2, 2021, will be payable on September 1, 2021 to shareholders of record on August 12, 2021 with an ex-dividend date of August 11, 2021.

Certain Virtus Closed-End Funds Declare Monthly Distributions: AIO, NCV, NCZ, CBH, and ACV

The 8.5% yield of NCV looks attractive, but only if the distribution can be sustained.

Evaluating Closed-End Funds: NCV's Shiny Yield Hides Weak Distribution Coverage

Credit Suisse Asset Management Income Fund

Credit Suisse High Yield Bond Fund

KKR Income Opportunities Fund

With valuations tightening and a number of risks on the radar, it makes sense to take a margin-of-safety approach to income portfolios. In this margin-of-safety installment, we discuss allocating to fixed-income CEFs with a more stable historic income profile paired with a strong coverage level.

CEF Income Margin-Of-Safety Opportunities

HARTFORD, Conn., July 16, 2021 /PRNewswire/ -- Allianz Global Investors U.S. LLC (AllianzGI), which manages certain Virtus closed-end funds in a subadvisory capacity, announced that as of March 1, 2022 Douglas G.

Certain Virtus AllianzGI Closed-End Funds Announce Future Change In Portfolio Management Team

DoubleLine Income Solutions Fund

BlackRock MuniYield Quality Fund III Inc

Nuveen Build America Bond Fund

PIMCO Dynamic Income Opportunities Fund

With valuations tightening and a number of risks on the radar, it makes sense to take a margin-of-safety approach to income portfolios. A number of CEF strategies can provide additional margin-of-safety without necessarily reducing income.

Margin Of Safety CEF Opportunities

NCV pays a relatively high distribution rate compared to its peers, even after it cut its distribution last year. Interestingly enough, the fund is also trading at a deeper discount than its peers and is becoming a tempting target.

NCV: Over 9% Distribution Yield And Deep Discount, Worth A Look

BlackRock Municipal 2030 Target Term Trust

MFS Investment Grade Municipal Trust

Western Asset Global Corp Defined Opportunity Fund Inc

Nuveen Select Tax-Free Income Portfolio 3

As Q1 comes to an end, we take a look at the performance of the CEF market year-to-date. We also take a look at the key drivers of CEF discounts going forward.

CEF Market Update

Convertible securities are a somewhat unique instrument combining the solid yields of fixed-income with upside potential of stocks.

NCV: Solid Income With Upside Potential

Blackstone/GSO Senior Floating Rate Term Fund

Nuveen Mortgage Opportunity Term Fund

Nuveen Preferred & Income Opportunities Fund

BlackRock MuniVest Fund Inc

The CEF market has put in very strong returns in the few months since our last update. We discuss some of the key themes driving the CEF market in the medium term.

Key Themes Of The CEF Market

News for Virtus AllianzGI Convertible & Income Fund ETF (NCV)