Welcome to our dedicated page for Virtus Investmen news (Ticker: VRTS), a resource for investors and traders seeking the latest updates and insights on Virtus Investmen stock.
Virtus Investment Partners, Inc. (NYSE: VRTS) operates a multi-manager asset management business and regularly issues news and updates related to its investment platform, affiliated managers, and funds. This news page aggregates company announcements, fund notices, and regulatory disclosures that are relevant to investors following VRTS.
Virtus frequently reports on its preliminary assets under management and other fee-earning assets, broken down by product type and asset class. These updates describe trends across open-end funds, closed-end funds, retail separate accounts, institutional accounts, and exchange-traded funds, as well as allocations to equity, fixed income, multi-asset, and alternatives strategies.
News items also cover developments at affiliated and advised closed-end funds, including Duff & Phelps Utility and Infrastructure Fund Inc., DNP Select Income Fund Inc., DTF Tax-Free Income 2028 Term Fund Inc., Virtus Total Return Fund Inc., Virtus Equity & Convertible Income Fund, Virtus Artificial Intelligence & Technology Opportunities Fund, and Virtus Diversified Income & Convertible Fund. These releases often include information on managed distribution plans, special year-end distributions, regular dividends, and Section 19(a) notices that explain the estimated sources of distributions among net investment income, realized capital gains, and return of capital.
Corporate announcements from Virtus may highlight strategic transactions, such as the acquisition of a minority interest in Crescent Cove Advisors, LP, which adds a private markets capability focused on lending to high-growth technology companies. Other disclosures include material definitive agreements, such as the Equity Purchase Agreement to acquire a majority interest in Keystone National Group, LLC, and credit agreements that provide term loans and revolving credit facilities.
By reviewing the news associated with VRTS, investors can monitor updates on assets under management, fund distribution policies, strategic investments in alternative and private markets, and financial and regulatory developments affecting Virtus’ multi-manager asset management platform.
Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) has announced its upcoming monthly distributions. The fund clarified that the distribution amounts mentioned are estimates only and not intended for tax reporting purposes. The actual distribution amounts and sources for tax purposes will be determined based on the Fund's investment performance through the remainder of its fiscal year, subject to potential tax regulation adjustments. Shareholders will receive Form 1099-DIV for calendar year tax reporting purposes.
Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced its monthly distribution plan details. The Fund operates under a Managed Distribution Plan that aims to maintain consistent distribution levels, which can be funded through net investment income, realized capital gains, or a combination of both.
The Fund has disclosed that it has distributed more than its income and capital gains, indicating that a portion of the distribution may represent a return of capital to shareholders. This return of capital should not be interpreted as a measure of the Fund's investment performance or confused with 'yield' or 'income'.
The Fund has already announced its February 2025 distribution. All performance metrics are based on the Fund's net asset value (NAV) rather than market price. The exact distribution amounts and sources for tax purposes will be determined based on the Fund's fiscal year investment performance and tax regulations.
Virtus Convertible & Income Fund (NYSE: NCV) has declared a quarterly cash distribution of $0.3515625 per share for its Series A Cumulative Preferred Shares. The distribution will be paid on March 31, 2025 to shareholders of record as of March 17, 2025.
The Series A Preferred Shares, trading under symbol NCV PR A, are rated 'A' by Fitch Ratings and carry an annual dividend rate of $1.40625 per share. Originally issued on September 20, 2018, the 4,000,000 preferred shares were priced at $25.00 per share. The current distribution covers the period from January 1, 2025, through March 31, 2025. The shares are currently callable at the liquidation value of $25.00 per share plus accrued dividends.
Virtus Convertible & Income Fund II (NYSE: NCZ) has declared a quarterly cash distribution of $0.34375 per share for its Series A cumulative preferred shareholders. The distribution will be paid on March 31, 2025 to shareholders of record as of March 17, 2025.
The Series A Cumulative Preferred Shares, trading under symbol NCZ PR A, carry an 'A' rating from Fitch Ratings and feature an annual dividend rate of $1.375 per share. Initially issued on September 11, 2018, the 4,360,000 shares were priced at $25.00 per share. The current distribution covers the period from January 1, 2025, through March 31, 2025. The shares are currently callable at their liquidation value of $25.00 per share plus accrued dividends.
Virtus Diversified Income & Convertible Fund (NYSE: ACV) has released important information regarding its monthly distribution under its Managed Distribution Plan. The Fund aims to maintain consistent distribution levels that may be sourced from net investment income, realized capital gains, or a combination thereof.
The Fund disclosed that it has distributed more than its income and capital gains, indicating that a portion of the distribution may constitute a return of capital to shareholders. This means some of the money investors put into the Fund is being paid back to them. The Fund emphasizes that distribution amounts and sources are estimates, and final tax reporting details will be provided via Form 1099-DIV.
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has disclosed information about its monthly distribution under its Managed Distribution Plan. The fund aims to maintain consistent distribution levels that may be sourced from net investment income, realized capital gains, or a combination of both.
Shareholders are advised that if the Fund's aggregate net investment income and realized capital gains are less than the distribution amount, the difference will be distributed from Fund assets and constitute a return of shareholder capital. The Fund emphasizes that distribution estimates are provided for informational purposes only and should not be used to draw conclusions about investment performance.
Final tax reporting will be provided via Form 1099-DIV, as actual distribution sources may vary based on the Fund's fiscal year investment experience and tax regulations.
Virtus Total Return Fund (NYSE: ZTR) has disclosed information regarding its monthly distribution under its Managed Distribution Plan. The fund aims to maintain consistent distribution levels that may be sourced from net investment income and realized capital gains.
The fund has indicated that it has distributed more than its income and capital gains, meaning a portion of the distribution likely represents a return of capital to shareholders. This occurs when investors receive back part of their original investment, which should not be confused with yield or income.
The fund emphasizes that distribution estimates are preliminary, and actual tax reporting amounts will depend on the fund's remaining fiscal year performance. Shareholders will receive Form 1099-DIV for official tax reporting purposes.
Virtus Investment Partners (NYSE: VRTS) has announced a quarterly cash dividend declaration of $2.25 per common share for the first quarter of 2025. The dividend will be distributed on May 14, 2025 to shareholders recorded as of April 30, 2025. The multi-boutique asset management company's future dividend declarations will require Board of Directors approval.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has announced a new share repurchase program authorized by its Board of Trustees. The program allows for the repurchase of up to 5% of outstanding common shares (based on shares outstanding as of February 13, 2025) through open market transactions when trading at a discount to net asset value (NAV).
The initiative aims to enhance shareholder value, as repurchases made at a discount may increase the NAV per share of remaining shares. The Fund views these repurchases as potential attractive investment opportunities. Repurchase activities will be disclosed in annual and semi-annual shareholder reports. The program's implementation will depend on price, market conditions, and business conditions, subject to federal securities laws and exchange requirements.
Virtus Investment Partners (NYSE: VRTS) reported preliminary assets under management (AUM) of $177.0 billion and other fee earning assets of $2.2 billion, totaling $179.2 billion in client assets as of January 31, 2025.
The company experienced an increase in AUM from December 31, 2024, driven by market performance and positive net flows in exchange-traded funds and global funds. However, this was partially offset by net outflows in institutional accounts, U.S retail mutual funds, and retail separate accounts.
By product type, Open-End Funds reached $56.97B, Closed-End Funds $10.38B, Retail Separate Accounts $50.22B, and Institutional Accounts $59.41B. Asset class distribution showed Equity at $102.25B, Fixed Income $37.68B, Multi-Asset $21.52B, and Alternatives $15.54B.