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Virtus Investment Partners, Inc. reports developments for a multi-boutique asset management business serving individual and institutional clients. News commonly covers assets under management, sales and net flows across open-end funds, closed-end funds, retail separate accounts and institutional accounts, as well as asset-class trends in equity, fixed income, multi-asset and alternatives strategies.
The company also announces product activity through Virtus ETF Solutions, including actively managed exchange-traded funds managed by affiliated or selected investment managers such as Silvant Capital Management and Duff & Phelps Investment Management. Related updates include earnings releases, non-GAAP performance measures, closed-end fund distribution notices, and investment strategies offered through Virtus-affiliated advisers and subadvisers.
Virtus Convertible & Income Fund II (NYSE: NCZ) has declared a quarterly cash distribution of $0.34375 per share for its Series A Cumulative Preferred Shares. The distribution is payable on December 31, 2024, to shareholders of record as of December 12, 2024. The preferred shares, trading under NCZ PR A, are rated 'A' by Fitch Ratings with an annual dividend rate of $1.375 per share. Originally issued at $25.00 per share in September 2018, the 4,360,000 preferred shares are now callable at the liquidation value of $25.00 plus accrued dividends.
The 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 December 31, 2024, to shareholders of record as of December 12, 2024. The preferred shares, trading under NCV PR A, are rated 'A' by Fitch Ratings and carry an annual dividend rate of $1.40625 per share. Originally issued at $25.00 per share in September 2018, the 4,000,000 shares are now callable at the liquidation value of $25.00 plus accrued dividends.
Virtus Total Return Fund (NYSE: ZTR) announced monthly distributions of $0.05 per share from December 2024 through March 2025. The Fund's distribution analysis reveals that 96.3% of the fiscal year-to-date distributions represent return of capital, with only 3.7% coming from net investment income. The Fund's performance metrics show an average annual total return on NAV of 4.10% for the 5-year period, with a current annualized distribution rate of 8.89%. The fiscal YTD cumulative total return on NAV stands at 18.85%, while the cumulative distribution rate is 8.15%.
Virtus Equity & Convertible Income Fund (NYSE: NIE) has announced quarterly distributions of $0.50 per share, payable on December 30, 2024, and March 28, 2025. The Fund's distribution sources include 57.5% from net realized short-term capital gains and 42.5% from net realized long-term capital gains for the current quarter. The Fund's 5-year average annual total return on NAV is 11.67%, with a current annualized distribution rate of 7.96%. Year-to-date, the Fund has achieved a cumulative total return on NAV of 12.01%.
The Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) has announced its upcoming monthly distributions schedule. The fund will distribute $0.06 per share monthly from December 2024 through March 2025. The distributions are scheduled for December 30, 2024, January 30, 2025, February 27, 2025, and March 28, 2025, with corresponding ex-dates on the 12th or 13th of each month. The announced distribution amounts are estimates and final tax reporting details will be provided via Form 1099-DIV.
Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced monthly distributions of $0.18 per share for December 2024 through March 2025. The Fund's distribution analysis reveals that 100% of the current monthly distribution comes from Net Realized Short-Term Capital Gains, while the fiscal year-to-date distributions comprise 10% from Short-Term Capital Gains and 90% from Return of Capital. The Fund's performance metrics show an average annual total return on NAV of 11.95% for the 5-year period, with a current annualized distribution rate of 9.85%. The fiscal YTD cumulative total return on NAV stands at 13.36%, with a cumulative distribution rate of 7.39%.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has announced quarterly distributions of $0.305 per share, payable on December 30, 2024, and March 28, 2025. The Fund's distribution sources include: 74.3% return of capital, 15.5% net realized short-term capital gains, and 10.2% net realized long-term capital gains for the current quarter. The Fund reports a 7.78% average annual total return on NAV for the 5-year period and an 8.47% annualized current distribution rate. The fiscal YTD cumulative total return on NAV stands at 7.50%, with a cumulative distribution rate of 8.13%.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) has declared monthly distributions of $0.08 per share for the following months: December 2024, January 2025, February 2025, and March 2025. The distributions will be payable on December 30, 2024, January 30, 2025, February 27, 2025, and March 28, 2025, respectively. The fund notes that these amounts are estimates and final tax reporting details will be provided via Form 1099-DIV.
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced monthly distributions of $0.15 per share from December 2024 through March 2025. The Fund's performance shows a 13.35% average annual total return on NAV for the 5-year period and a 14.15% fiscal YTD cumulative total return. The current distribution sources include 47.3% from net realized short-term capital gains and 52.7% from net realized long-term capital gains. The Fund maintains an 8.14% annualized current distribution rate and a 6.11% fiscal YTD cumulative distribution rate.
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced a 1-for-4 reverse stock split effective February 10, 2025. The funds will maintain their trading symbols but receive new CUSIPs. Shareholders will be paid cash for fractional shares while maintaining the same percentage ownership. The boards expect the split to result in higher per-share market prices, potentially broadening the investor base and improving stock liquidity. Monthly distributions will continue with adjusted rates: NCV's distribution will increase from $0.034 to $0.136, and NCZ's from $0.030 to $0.120 after the split.