Virtus Equity & Convertible Income Fund (NIE)
Market Closed
11 Aug, 20:00
NYSE NYSE Primary NASDAQ $
26. 45
-0.12
-0.4516%
$
730.69M Market Cap
2.53% Div Yield
22,720 Volume
$ 26.57
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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.
Seekingalpha | 3 months ago
