Virtus Investmen Stock Price, News & Analysis

Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced monthly distributions of $0.18 per share for December 2024 through March 2025. The Fund's distribution analysis reveals that 100% of the current monthly distribution comes from Net Realized Short-Term Capital Gains, while the fiscal year-to-date distributions comprise 10% from Short-Term Capital Gains and 90% from Return of Capital. The Fund's performance metrics show an average annual total return on NAV of 11.95% for the 5-year period, with a current annualized distribution rate of 9.85%. The fiscal YTD cumulative total return on NAV stands at 13.36%, with a cumulative distribution rate of 7.39%.

Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has announced quarterly distributions of $0.305 per share, payable on December 30, 2024, and March 28, 2025. The Fund's distribution sources include: 74.3% return of capital, 15.5% net realized short-term capital gains, and 10.2% net realized long-term capital gains for the current quarter. The Fund reports a 7.78% average annual total return on NAV for the 5-year period and an 8.47% annualized current distribution rate. The fiscal YTD cumulative total return on NAV stands at 7.50%, with a cumulative distribution rate of 8.13%.

Virtus Global Multi-Sector Income Fund (NYSE: VGI) has declared monthly distributions of $0.08 per share for the following months: December 2024, January 2025, February 2025, and March 2025. The distributions will be payable on December 30, 2024, January 30, 2025, February 27, 2025, and March 28, 2025, respectively. The fund notes that these amounts are estimates and final tax reporting details will be provided via Form 1099-DIV.

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced monthly distributions of $0.15 per share from December 2024 through March 2025. The Fund's performance shows a 13.35% average annual total return on NAV for the 5-year period and a 14.15% fiscal YTD cumulative total return. The current distribution sources include 47.3% from net realized short-term capital gains and 52.7% from net realized long-term capital gains. The Fund maintains an 8.14% annualized current distribution rate and a 6.11% fiscal YTD cumulative distribution rate.

Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced a 1-for-4 reverse stock split effective February 10, 2025. The funds will maintain their trading symbols but receive new CUSIPs. Shareholders will be paid cash for fractional shares while maintaining the same percentage ownership. The boards expect the split to result in higher per-share market prices, potentially broadening the investor base and improving stock liquidity. Monthly distributions will continue with adjusted rates: NCV's distribution will increase from $0.034 to $0.136, and NCZ's from $0.030 to $0.120 after the split.

Virtus Investment Partners (NYSE: VRTS) reported preliminary assets under management (AUM) of $179.4 billion and other fee-earning assets of $2.3 billion, totaling $181.7 billion as of October 31, 2024. The decline in AUM from the previous month is attributed to market performance and net outflows from open-end funds and institutional accounts, partially offset by positive net flows in retail separate accounts. Preliminary average AUM for the quarter was $182.4 billion.

By product type, AUM figures were:

• Open-End Funds: $56.6 billion
• Closed-End Funds: $10.3 billion
• Retail Separate Accounts: $49.8 billion
• Institutional Accounts: $62.7 billion

By asset class, AUM figures were:

• Equity: $104.5 billion
• Fixed Income: $38.2 billion
• Multi-Asset: $21.3 billion
• Alternatives: $15.4 billion

Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) announced its monthly distribution of $0.07 per share, payable November 12, 2024. Under its Managed Distribution Plan, the October distribution consists entirely of return of capital (100%). Year-to-date distributions total $0.910 per share, with 98.5% from return of capital and 1.5% from net investment income. The Fund's 5-year average annual return on NAV is 4.80%, with a current annualized distribution rate of 6.52% of NAV. The Fund's fiscal year-to-date total return on NAV stands at 39.70%.

Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced a monthly distribution of $0.18 per share, payable on October 30, 2024. The Fund's distribution analysis reveals that 100% of the current distribution ($0.180) represents a return of capital. The Fund's performance metrics show a 12.57% average annual total return on NAV for the 5-year period, with a 9.73% annualized current distribution rate. The fiscal YTD cumulative total return on NAV stands at 13.78%, while the fiscal YTD cumulative distribution rate is 6.49%.

The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced a monthly distribution of $0.15 per share, payable on October 30, 2024. The distribution sources include 1.9% from net investment income and 98.1% from net realized long-term capital gains for October 2024. The Fund's fiscal year-to-date performance shows a 14.02% cumulative total return on NAV, with an 8.10% annualized current distribution rate. The Fund's five-year average annual total return on NAV stands at 13.55%.