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AllianzGI Convertible & Income Message Board

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  • cryptomeria12 cryptomeria12 Sep 2, 2010 9:45 PM Flag

    buy this baby now

    We share your enthusiasm for this fund. We bought in at 8.64 a few days ago. We also own NCV and are happy with both funds. We added more shares to NCV at 9.17 and9.79 and will probably add more to NCZ also. Good luck to you.

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    • I loaded up back in May at 8 to 8.50. As long as they earn the divvy, the stock should trade in excess of $10 and yield less than 10%. Just not a lot of people watching it and not a lot of volume so just a few weak hands leads to a disproportionate selloff which you have to look at as an opportunity. Tends to trade more as a stock than a bond and sells off when stocks sell off. Any other opinions?

      • 1 Reply to brmyr
      • I bought at $4.19 during the credit crash in 2008.

        I love the divvy, especially since it's about 20% on my original basis, but I wouldn't buy here, and would be tempted to sell some but I don't fancy the bother and the cap gain. It is trading at a fairly hefty premium to underlying net asset value. That can always be a little hinky, but I'd be careful about expecting capital appreciation here, although if you are only intereted in yield, I'd go for it, but it isn't like buying treasuries.

5.91-0.06(-1.01%)Sep 29 4:02 PMEDT