Nicholas-Applegate Conv. & Inc. Fund (NYSE:NCV)

TSIF (99.95) Submitted: 3/15/2011 5:29:37 PM : Start Price: $9.34 NCV Score: -7.84

I've got 3-4 other high dividend return plays that have been active for over a year now. Overall, they can't beat the S&P when it's on a tear and sometimes the NAV, (net asset value) is much less than the fund price, so is subject to correction. When the market is struggling, the flight to safety bumps up the NAV. With proper timing and the dividend effect these can be profitable CAPs and real life plays. All the funds "give back" after the dividend date, so timing on playing these on CAPS should include timing on the dividend, timing on the NAV being relatively fair and not a high premium, and then patience for a year for the dividends to drive down the "start price". Again, the S&P if on a tear might outperform leaving you red for awhile.

unkownuser (98.40) Submitted: 12/23/2010 11:08:17 PM : Start Price: $8.46 NCV Score: -1.39

I have been in and out of NCV & NCZ (mostly in) for the past few years. Their holdings are generally corporate bonds & convertible securities. Premium to nav is reasonable, and the return has been phenomenal. These closed end funds pay a monthly dividend of close to 1% like clockwork (between 10-11%/yr depending on the share price you buy at). With the special year end dividend just announced, they will both return around 12% this year, with a bit of capital appreciation to boot. The risk I guess, is rising interest rates. Until I see signs that interest rates are set for a substantive increase and change to a rising trend, I think NCV & NCZ are safe.

alelecole (< 20) Submitted: 9/1/2010 12:08:04 PM : Start Price: $7.54 NCV Score: -5.51

If you like closed end funds this is a high quality one. They are distributing their income and the Pimco premium is very reasonable. In this market dividend jems like this one may be the only game in town for a while.

mrbill6 (74.10) Submitted: 8/25/2009 10:33:49 PM : Start Price: $5.77 NCV Score: +23.20

riding the wave and I like the monthly dividends 13%

jah609 (77.03) Submitted: 4/2/2009 11:27:26 AM : Start Price: $3.02 NCV Score: +118.53

With a >22% div. and >10% discount to NAV, this is ripe for purchase at <$5.00.

fdude71 (73.13) Submitted: 2/25/2009 1:30:35 PM : Start Price: $2.84 NCV Score: +133.66

dividend income strategy.

traderpat9 (75.04) Submitted: 1/15/2009 12:34:17 AM : Start Price: $3.34 NCV Score: +102.89

ANOTHER ONE THAT I AM GOING TO KEEP & EYE ON & DO ALOT OF RESEARCH ON.

thelongviewman (80.96) Submitted: 12/7/2008 6:47:30 PM : Start Price: $1.97 NCV Score: +294.70

The Fund is trading at almost a 40% discount to NAV, and its assets are not even equities but mostly bonds, with their biggest position being in Treasuries. They have been hit with the double whammy of the broad sell-off in bonds, and then broad redemptions. As a result, the Fund was forced to postpone its dividends, which then totally tanked the Fund's market price, because the "Fund is not permitted to pay or declare common share dividends unless the Fund's ARPS have a minimum asset coverage of 200% after payment or declaration of the common share dividend, in accordance with the 1940 Act and the Fund's By-laws." The good news is that the Fund is still generating large amounts of cash, and using it to repay their ARPSs at par. They should complete this process by January, and then I see no reason why they won't reinstate their dividends. Either this is an historic buying opportunity, or I am missing something big.