Virtus Investmen Stock Price, News & Analysis

Virtus Total Return Fund Inc. (NYSE: ZTR) has announced a monthly distribution of $0.05 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 financial metrics include:

• Average Annual Total Return on NAV (5-year): 2.04%
• Annualized Current Distribution Rate: 9.71%
• Fiscal YTD Cumulative Total Return on NAV: 5.26%
• Fiscal YTD Cumulative Distribution Rate: 5.66%

Shareholders are cautioned that the distribution may not reflect the fund's investment performance and should not be confused with 'yield' or 'income'.

Virtus Investment Partners (NYSE: VRTS) will release its Q2 2024 financial results on Friday, July 26, 2024, before the market opens. CEO George R. Aylward and CFO Michael A. Angerthal will host a conference call and webcast at 10:00 a.m. Eastern to discuss the results. The presentation will be accessible on their website, and a replay of the call will be available in the Investor Relations section for at least one year.

Virtus Investment Partners (NYSE: VRTS) reported preliminary assets under management (AUM) of $173.6 billion and other fee-earning assets of $2.6 billion, totaling $176.2 billion as of June 30, 2024.

This represents a decrease from the $179.3 billion reported on March 31, 2024, primarily due to market performance and net outflows from institutional accounts and open-end funds, partially mitigated by positive net flows in retail separate accounts.

Preliminary average AUM for the quarter was $175.2 billion. The AUM for different product types includes $55.9 billion in open-end funds, $9.9 billion in closed-end funds, $45.7 billion in retail separate accounts, and $62.1 billion in institutional accounts.

By asset class, the AUM consists of $99.2 billion in equity, $37.0 billion in fixed income, $21.1 billion in multi-asset, and $16.3 billion in alternatives.

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.

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced a monthly distribution of $0.15 per share to be paid on June 27, 2024. The sources of this distribution include 54.9% from net realized short-term capital gains and 45.1% from net realized long-term capital gains. The fund's Managed Distribution Plan may use net investment income and realized capital gains or return the shareholder's capital if necessary. Fiscal YTD figures show a 6.67% cumulative total return on NAV and a 2.81% cumulative distribution rate. The press release stresses not to draw conclusions about the fund's performance from the distribution amount. Shareholders will receive tax reporting information via Form 1099-DIV.

Virtus Total Return Fund (NYSE: ZTR) announced a monthly distribution of $0.05 per share, payable on June 27, 2024. This distribution may come from net investment income, realized capital gains, or a return of capital. The fund disclosed that it has distributed more than its income and capital gains, indicating a return of capital to shareholders. For June 2024, the entire distribution of $0.05 per share is from capital. The annualized current distribution rate is 9.46%, and the fiscal YTD cumulative total return on NAV is 7%. Shareholders should not equate distribution amounts with investment performance.

Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has announced a share repurchase program and a change in its distribution frequency. The fund aims to buy back up to 5% of its outstanding shares at a discount to net asset value (NAV) by June 2025. This initiative seeks to enhance shareholder value and reduce the discount at which its shares trade.

Additionally, the fund will shift from quarterly to monthly distributions, maintaining the same quarterly amount but distributing $0.07 per share monthly starting July 2024. This adjustment is based on shareholder feedback and trading analysis. The fund's June distribution is solely a return of capital, with no net investment income or capital gains included.

The fund's financial performance includes a 2.87% average annual total return on NAV over five years and a 7.32% annualized current distribution rate as a percentage of NAV.

Virtus Investment Partners (NYSE: VRTS) announced preliminary assets under management (AUM) of $173.3 billion as of May 31, 2024. This reflects an increase from $170.1 billion as of April 30, 2024. Additionally, the company manages $2.6 billion in fee-earning assets not included in the AUM total. AUM by product type includes $56.2 billion in open-end funds, $10 billion in closed-end funds, $45.6 billion in retail separate accounts, and $61.5 billion in institutional accounts. By asset class, equity represents $98.4 billion, fixed income $36.8 billion, multi-asset $21.6 billion, and alternatives $16.6 billion.

Virtus Total Return Fund (NYSE: ZTR) announced monthly distributions of $0.05 per share for July and August 2024. The ex-date and record date for both months are set for the 11th and 12th respectively, with payments on the 30th and 29th. These distributions may come from net investment income, capital gains, or the fund's assets, potentially returning shareholder capital. Estimated sources for May 2024 show 100% return of capital. Performance data includes a 5-year average annual total return on NAV of 3.21%, a fiscal YTD cumulative total return on NAV of 7.00%, and an annualized current distribution rate of 9.46%. Actual tax reporting details will be provided with Form 1099-DIV.