Virtus Investmen Stock Price, News & Analysis

Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced a monthly distribution of $0.18 per share, payable on September 26, 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: 11.89%
• Annualized Current Distribution Rate: 9.85%
• Fiscal YTD Cumulative Total Return on NAV: 11.47%
• Fiscal YTD Cumulative Distribution Rate: 5.75%

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

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced its monthly distribution of $0.15 per share, payable on September 26, 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. For September 2024, the distribution sources are estimated as follows:

• 3.9% from Net Realized Short-Term Capital Gains
• 96.1% from Net Realized Long-Term Capital Gains

The fund's fiscal year-to-date distribution includes 12.2% return of capital. AIO's 5-year average annual total return on NAV is 13.40%, with an annualized current distribution rate of 8.18%. The fiscal YTD cumulative total return on NAV is 12.06%, with a cumulative distribution rate of 4.77%.

Virtus Total Return Fund Inc. (NYSE: ZTR) has announced a monthly distribution of $0.05 per share, payable on September 26, 2024. The Fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. However, the Fund estimates that it has distributed more than its income and capital gains, indicating that a portion of the distribution may be a return of capital.

For September 2024, 100% of the distribution is estimated to be a return of capital. The Fund's 5-year average annual total return on NAV is 4.19%, with an annualized current distribution rate of 8.80%. The fiscal YTD cumulative total return on NAV is 18.12%, with a cumulative distribution rate of 6.60%.

Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has announced its dividend schedule for the upcoming months. The Board of Directors has authorized monthly dividends of $0.07 per share, payable on November 12, 2024, December 10, 2024, and January 10, 2025. This aligns with the Fund's Managed Distribution Plan, adopted in 2015, which aims to distribute all available investment income to shareholders.

The Fund's September 2024 distribution is estimated to be 100% return of capital. Year-to-date distributions are 98.3% return of capital and 1.7% net investment income. As of August 30, 2024, the Fund's average annual total return on NAV for the past 5 years was 4.45%, with an annualized current distribution rate of 6.73% of NAV.

Virtus Investment Partners (NYSE: VRTS) reported preliminary assets under management (AUM) of $180.5 billion and other fee-earning assets of $2.6 billion, totaling $183.1 billion in client assets as of August 31, 2024. The increase from July 31, 2024, was primarily due to market performance and positive net flows in retail separate accounts, partially offset by net outflows in institutional accounts and open-end funds. The preliminary average AUM for the month was $175.6 billion.

By product type, open-end funds led with $57.2 billion, followed by institutional accounts at $63.8 billion. In terms of asset class, equity dominated with $104.8 billion, while fixed income stood at $38.1 billion. Multi-asset and alternatives categories accounted for $21.3 billion and $16.3 billion, respectively.

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) has announced its monthly distribution of $0.07 per share, payable on September 10, 2024, to shareholders of record on August 30, 2024. The fund operates under a Managed Distribution Plan, aiming to distribute all available investment income to shareholders. For the August 2024 distribution, 100% of the $0.07 per share amount is categorized as Return of Capital.

Year-to-date, the fund has distributed $0.770 per share, with 98.2% classified as Return of Capital and only 1.8% as Net Investment Income. As of July 31, 2024, DPG's average annual total return on NAV for the past 5 years was 3.46%, and its annualized current distribution rate as a percentage of NAV was 7.06%. The fund's cumulative total return on NAV for the fiscal year stood at 27.54%.

Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH) has completed its termination and liquidation on August 30, 2024. The Fund's final net asset value (NAV) was $9.2342 per common share, with liquidation proceeds paid to shareholders on September 4, 2024. Launched on June 29, 2017, the Fund paid total distributions of $4.2152 per share, representing an average annual distribution rate of 6.36% on the final NAV. The annualized total return for initial investors was 5.34% based on NAV and 5.26% based on market price. Shareholders may recognize gains or losses for tax purposes and are advised to consult tax advisors regarding potential tax liabilities from the liquidation proceeds.

Virtus Convertible & Income Fund II (NYSE: NCZ) has declared a $0.34375 per share cash distribution for its Series A cumulative preferred shareholders. The distribution is payable on September 30, 2024, to shareholders of record on September 13, 2024. The Series A Cumulative Preferred Shares, trading under the symbol NCZ PR A, are rated "A" by Fitch Ratings and offer an annual dividend rate of $1.375 per share. These shares were initially issued on September 11, 2018, at $25.00 per share and pay quarterly distributions. The current distribution covers the accrual period from July 1, 2024, through September 30, 2024. Notably, the Series A Cumulative Preferred Shares are now callable at any time at the liquidation value of $25.00 per share plus accrued dividends.

Virtus Convertible & Income Fund (NYSE: NCV) has declared a $0.3515625 per share cash distribution for its Series A cumulative preferred shareholders. The distribution is payable on September 30, 2024, to shareholders of record on September 13, 2024. The Series A Cumulative Preferred Shares, trading under the symbol NCV PR A, are rated "A" by Fitch Ratings and have an annual dividend rate of $1.40625 per share. These shares were initially issued on September 20, 2018, at $25.00 per share and pay distributions quarterly. The current distribution covers the accrual period from July 1, 2024, through September 30, 2024. Notably, the Series A Cumulative Preferred Shares are now callable at any time at the liquidation value of $25.00 per share plus accrued dividends.