This 6.5% Preferred Stock Of NCZ Is Still Full Of 'Alpha'
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Virtus Convertible & Income Fund II's preferred shares NCZ-A offer a 6.55% yield and are rated 'A' by Fitch, making them a superior choice compared to other non-CEF preferred stocks. Despite not being investment-grade, NCZ-A's credit quality is exceptional due to regulatory leverage requirements.
November 13, 2024 | 1:15 pm
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Virtus Convertible & Income Fund II's preferred shares NCZ-A are rated 'A' by Fitch and offer a 6.55% yield, making them a superior choice among non-CEF preferred stocks.
NCZ-A's preferred shares are highlighted for their high yield and strong credit rating, making them attractive to investors seeking superior returns compared to other non-CEF preferred stocks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90