Virtus Diversified Income And Convertible Fundvertible Fund Stock Price, News & Analysis

The Virtus Diversified Income & Convertible Fund (NYSE: ACV) announced a monthly distribution of $0.18 on March 3, 2022. Key dates include an ex-date of April 12, 2023, a record date of April 13, 2023, and a payable date of May 1, 2023. The Fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels sourced from net investment income and realized capital gains. Shareholders should be aware that distributions may represent a return of capital. As of April 2023, the Fund has reported that its distributions have exceeded its income and gains, potentially indicating a capital return. Key performance metrics reveal a 5-year average total return of 10.52% and a fiscal YTD cumulative total return of -1.23% on NAV.

The Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced a monthly distribution of $0.18 with an ex-date on March 10, 2023, record date on March 13, 2023, and payable date on April 3, 2023. Under its Managed Distribution Plan, the Fund aims to maintain a consistent distribution, which may include returns of capital if net investment income and realized capital gains are insufficient to cover distributions. As of March 2023, total distributions consist mainly of a return of capital, which comprises 100% of the current distribution amount. The fund's performance reports a -3.23% cumulative total return year-to-date.

Virtus Diversified Income & Convertible Fund (NYSE: ACV) announced monthly distributions of $0.18 per share for April, May, and June 2023. The ex-dates for these distributions are April 12, May 10, and June 9, with payable dates on May 1, June 1, and July 3, respectively. The fund operates under a Managed Distribution Plan, which may involve returning capital to shareholders if net investment income falls short of distribution levels. It is reported that approximately 89.4% of the distributions may be a return of capital, potentially indicating that the fund has distributed more than its income and capital gains.

The Virtus Diversified Income & Convertible Fund (NYSE: ACV) announced a monthly distribution of $0.18 per share, with the ex-date on February 10, 2023, record date on February 13, 2023, and payable date on March 1, 2023. Under its Managed Distribution Plan, the fund may distribute from net investment income and realized capital gains; however, if these are insufficient, distributions may come from assets, constituting a return of capital. For February 2023, the distribution sources estimate shows 89.4% as a return of capital. The fund's 5-year average annual total return is 10.01%, while fiscal YTD cumulative total return is -13.49%.

Virtus Diversified Income & Convertible Fund (NYSE: ACV) announced a monthly distribution of $0.18 per share, payable on February 1, 2023. Shareholders should note that this distribution could partly involve a return of capital if the fund's net investment income and realized capital gains fall short. The distribution is composed of various components, with 72.8% sourced from net realized long-term capital gains, and 27.2% as return of capital. The fund's current annualized distribution rate stands at 10.87%, but its fiscal year-to-date cumulative total return on NAV has decreased by -19.66%.

The Virtus Diversified Income & Convertible Fund (NYSE: ACV) announced a special year-end distribution of $0.196 per share, effective January 10, 2023. The distribution is supplementary to the regular monthly payments and fulfills federal tax obligations. Key dates include an ex-date of December 29, 2022, and a record date of December 30, 2022. Sources of the distribution include net realized long-term capital gains. The fund reported a 10.93% average annual total return over five years, but a -14.93% cumulative total return year-to-date.