Virtus Investmen Stock Price, News & Analysis

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.

Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced monthly distributions of $0.08 per share for July and August 2024. The ex-date and record date for both distributions are July 11, 2024, and August 12, 2024, respectively, with payable dates on July 30, 2024, and August 29, 2024. The amounts are estimates and not for tax reporting purposes. Actual distributions will be determined by the fund's investment experience and tax regulations, and official figures will be provided in a Form 1099-DIV.

Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced monthly distributions for July and August 2024. NCV will distribute $0.034 per share on July 30 and August 29, 2024. NCZ will distribute $0.030 per share on the same dates. The reported amounts are estimates and not for tax purposes, with actual distributions dependent on the funds' investment performance and tax regulations. Investors will receive Form 1099-DIV for accurate federal income tax reporting.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) has announced monthly distributions for July and August 2024.

For July, a distribution of $0.06 per share will be paid on July 30, 2024, to shareholders of record as of July 11, 2024. For August, another $0.06 per share will be paid on August 29, 2024, to shareholders of record as of August 12, 2024.

These distribution amounts are estimates and not for tax reporting purposes. The final amounts and sources for tax purposes will depend on the Fund’s performance and could be affected by tax regulations. Shareholders will receive a Form 1099-DIV for the calendar year indicating the taxable distributions.