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AllianzGI Convertible & Income Message Board

  • bill.bleeker bill.bleeker Dec 18, 2012 10:10 AM Flag

    Closed End Fund Earnings Data (as of November 2012) - IMPORTANT

    Allianz posted the earnings data, and the news is good.
    NII $0.27, UNII $0.156,
    So paying $0.09 dividend, $0.27 per quarter means NCV is making their dividend! A little left, they will probably pay a small extra dividend next week. But the important thing is this fund is paying over 12% and making dividend. No extra cushion, but think about if they were paying a more normal 7% dividend. Should be back up to 10% above NAV by Jan.

    Sentiment: Buy

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