Virtus Investmen Stock Price, News & Analysis

Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) have announced their upcoming monthly distributions for common shares. NCV will distribute $0.034 per share on September 26, October 30, and November 27, 2024. NCZ will distribute $0.030 per share on the same dates. The ex-dates and record dates for these distributions are set for September 13, October 11, and November 12, 2024, respectively. It's important to note that these distribution amounts are estimates and may be subject to changes based on the funds' investment performance and tax regulations.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) has announced its monthly distributions for September, October, and November 2024. The fund will distribute $0.06 per share for each month. The ex-dates, record dates, and payable dates are as follows:

• September: Ex-Date and Record Date - September 13, 2024; Payable Date - September 26, 2024
• October: Ex-Date and Record Date - October 11, 2024; Payable Date - October 30, 2024
• November: Ex-Date and Record Date - November 12, 2024; Payable Date - November 27, 2024

The fund notes that these distribution amounts are estimates and may be subject to changes based on tax regulations and investment performance.

Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced monthly distributions of $0.18 per share for September, October, and November 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 as of July 31, 2024:

• 5-year Average Annual Total Return on NAV: 11.05%
• Annualized Current Distribution Rate: 10.00%
• Fiscal YTD Cumulative Total Return on NAV: 8.96%
• Fiscal YTD Cumulative Distribution Rate: 5.00%

Investors should note that return of capital distributions do not reflect the fund's investment performance and should not be confused with 'yield' or 'income'.

Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced a monthly distribution of $0.18 per share, payable on August 29, 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. This doesn't necessarily reflect the fund's investment performance.

Key performance metrics as of July 31, 2024:

• 5-year Average Annual Total Return on NAV: 11.05%
• Annualized Current Distribution Rate: 10.00%
• Fiscal YTD Cumulative Total Return on NAV: 8.96%
• Fiscal YTD Cumulative Distribution Rate: 5.00%

Virtus Total Return Fund Inc. (NYSE: ZTR) has announced its monthly distribution of $0.05 per share, payable on August 29, 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. This means shareholders are receiving back part of their investment rather than earnings.

The fund's performance metrics show an average annual total return on NAV of 3.58% for the 5-year period and a fiscal YTD cumulative total return on NAV of 12.84%. The annualized current distribution rate stands at 9.13%. Investors should note that return of capital distributions do not necessarily reflect the fund's 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 August 29, 2024. The fund estimates that 94.7% of the distribution comes from net realized long-term capital gains, 5.3% from net realized short-term capital gains, and 0% from return of capital. The fund's 5-year average annual total return on NAV is 12.95%, with an annualized current distribution rate of 8.36%. The fiscal YTD cumulative total return on NAV is 8.84%, with a cumulative distribution rate of 4.18%. Shareholders are reminded that the distribution may include a return of capital, which should not be confused with yield or income.

Virtus Investment Partners (NYSE: VRTS) has increased its quarterly common stock dividend by 18% to $2.25 per share, marking its seventh consecutive annual dividend increase. The company's president and CEO, George R. Aylward, emphasized the strength and stability of Virtus' financial position and confidence in free cash flow generation. This increase reflects the company's balanced approach to capital management, supported by a strong balance sheet. The third quarter 2024 dividend will be paid on November 13, 2024 to shareholders of record as of October 31, 2024.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced a change in its portfolio management team. Peter Wilby, CFA, and Kumaran Damodaran, Ph.D., will step down as portfolio managers effective September 30, 2024. The fund, managed by Stone Harbor Investment Partners, will continue to be overseen by a team of experienced portfolio managers, including Jim Craige, CFA, co-chief investment officer and head of emerging markets, Darin Batchman, Richard Lange, David Oliver, CFA, and Stuart Sclater-Booth. This transition in management may impact the fund's investment strategy and performance in the future.

Virtus Investment Partners (NYSE: VRTS) reported preliminary assets under management (AUM) of $178.1 billion and other fee-earning assets of $2.5 billion, totaling $180.6 billion in client assets as of July 31, 2024. The increase from June 30, 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. Preliminary average AUM for the month was $174.8 billion.

The AUM breakdown by product type shows: Open-End Funds at $56.8 billion, Closed-End Funds at $10.2 billion, Retail Separate Accounts at $48.0 billion, and Institutional Accounts at $63.1 billion. By asset class, Equity leads with $102.9 billion, followed by Fixed Income at $37.4 billion, Multi-Asset at $21.4 billion, and Alternatives at $16.5 billion.