CII: Tech-Heavy Portfolio Yielding 6.74% (NYSE:CII)

Written by Nick Ackerman, co-produced by Stanford Chemist

BlackRock Enhanced Capital and Income Fund (CII) provides an overweight to the attractive growth names of tech. However, to keep it more defensive, the fund utilizes an option strategy and offers exposure to a more diversified group of assets. As volatility has increased in the tech space (though we have seen up, up and up again after the brief stint), this could be a name worth watching. Even now, the fund’s discount is wider than it historically has been.

CII is held in our Income Generator portfolio, where it has been held since earlier this year. Though we did reduce the position by swapping some of it to BlackRock Enhanced Equity Dividend Trust (BDJ) just a few short weeks later.

CII has an investment objective of “a combination of current income and capital appreciation.” They will attempt to achieve this through “investing

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