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Posted by
Two Blokes Apr 19 -
Filed in
Stock
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The Virtus Equity & Convertible Income Fund balances equities and convertibles, using a covered call strategy to reduce risk and generate additional income. Currently trading at a -10.01% discount to NAV, NIE has a history of steady quarterly distributions and occasional special payouts. With high correlations to SPY and QQQ, NIE offers reduced risk through convertibles and hedging, making it a strategic buy during market corrections.
