Welcome to our dedicated page for Virtus Diversified Income And Convertible Fundvertible Fund news (Ticker: ACV), a resource for investors and traders seeking the latest updates and insights on Virtus Diversified Income And Convertible Fundvertible Fund stock.
Virtus Diversified Income & Convertible Fund (ACV) provides investors with a strategic blend of income generation and capital appreciation through convertible securities and diversified assets. This news hub delivers timely updates on the closed-end fund's portfolio adjustments, earnings reports, and risk management strategies.
Access authoritative coverage of ACV's investment activities including dividend declarations, asset allocation changes, and market positioning. Our curated news collection enables informed decision-making by tracking the fund's performance across market cycles and its execution of downside protection protocols.
Key updates include convertible security acquisitions, debt instrument rotations, and equity position optimizations. Investors will find essential information on distribution schedules, NAV fluctuations, and management commentary regarding multi-asset portfolio strategies.
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Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced a monthly distribution of $0.18 per share, payable on August 29, 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. However, the current distribution is estimated to be 100% return of capital, as the fund has distributed more than its income and capital gains. This doesn't necessarily reflect the fund's investment performance.
Key performance metrics as of July 31, 2024:
- 5-year Average Annual Total Return on NAV: 11.05%
- Annualized Current Distribution Rate: 10.00%
- Fiscal YTD Cumulative Total Return on NAV: 8.96%
- Fiscal YTD Cumulative Distribution Rate: 5.00%
Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced a monthly distribution of $0.18 per share, payable on July 30, 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. However, the current distribution is estimated to be 100% return of capital, as the fund has distributed more than its income and capital gains.
Key performance metrics for ACV include:
- 5-year Average Annual Total Return on NAV: 11.31%
- Annualized Current Distribution Rate: 9.97%
- Fiscal YTD Cumulative Total Return on NAV: 8.32%
- Fiscal YTD Cumulative Distribution Rate: 4.16%
Virtus Diversified Income & Convertible Fund (NYSE: ACV) disclosed its Section 19(a) Notice, announcing a monthly distribution of $0.18 per share, payable on June 27, 2024. The fund follows a Managed Distribution Plan to maintain consistent payout levels, derived from net investment income and realized capital gains. If these are insufficient, the difference is made up from the fund's assets, constituting a return of capital. For June 2024, the entire distribution is estimated to be a return of capital. Performance metrics include a 12.33% average annual total return on NAV over five years and a 10.16% annualized current distribution rate. Fiscal YTD cumulative total return on NAV stands at 5.44%, with a fiscal YTD cumulative distribution rate of 3.39%. These figures are based on NAV and not market price and are not intended for tax reporting purposes.
The Virtus Diversified Income & Convertible Fund (NYSE: ACV) announced monthly distributions of $0.18 per share for July and August 2024.
The payment dates are July 30 and August 29, 2024, respectively.
Under its Managed Distribution Plan, the fund aims to maintain a consistent distribution level, potentially funded by net investment income, realized capital gains, or the fund's assets.
The fund estimated that recent distributions were sourced entirely from the return of capital.
As of May 31, 2024, the fund's average annual total return on NAV for five years was 12.33%, with an annualized current distribution rate of 10.16% and year-to-date cumulative total return of 5.44%.
The Virtus Diversified Income & Convertible Fund (NYSE: ACV) disclosed its monthly distribution for March 2024, amounting to $0.18 per share, payable on May 30, 2024. This distribution is part of the Managed Distribution Plan, which ensures consistent payouts. However, if net investment income and realized capital gains fall short, distributions may include a return of shareholder capital. For May 2024, the entire distribution is a return of capital. Performance data shows an average annual total return on NAV of 10.44% over five years, with a fiscal YTD cumulative total return of 2.39% and a distribution rate of 2.59%. Shareholders are advised that these estimates are not for tax reporting purposes and actual tax data will be provided via Form 1099-DIV.
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