Virtus Equity & Convertible Income Fund (NIE)
NYSE NYSE Primary NASDAQ 
NIE: A 12% Discount Makes This AI-Heavy CEF Worth A Look
The Virtus Equity & Convertible Income Fund is rated Buy, driven by concentrated AI exposure and a -12.27% NAV discount. NIE's top holdings—Nvidia, Alphabet, and Broadcom—position the fund to benefit from a $1T+ AI data center investment cycle by 2027. Convertible securities comprise 40% of assets, offering equity-like upside and diversification, but also increasing sensitivity to equity market moves.
NIE: Well Supported Dividend Yield At An Attractive Valuation
Virtus Equity & Convertible Income Fund (NIE) remains a buy, trading at a 10.64% NAV discount and offering a 7.7% yield. NIE's strategy blends equities and convertibles, with a heavy technology allocation and option writing to amplify income but limit NAV growth. The fund's distributions are well-covered by earnings, but rely heavily on net realized gains, exposing NAV to market downturns.
