Virtus Investmen Stock Price, News & Analysis

Virtus Investment Partners (NASDAQ: VRTS) has successfully completed its acquisition of AlphaSimplex, a leader in quantitative alternative investment strategies, as of April 1, 2023. This strategic acquisition allows Virtus to diversify its alternative investment offerings further, adding AlphaSimplex's systematic strategies, which currently manage $8.3 billion in assets. The firms' combined expertise aims to enhance investment returns even during volatile markets. Noteworthy offerings include the 5-Star Morningstar Rated AlphaSimplex Managed Futures Strategy Fund (ASFYX), which holds $2.7 billion in assets, expected to transition by May 2023.

The Board of Directors of Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) approved a dividend of 35 cents per share. This distribution will be payable on June 30, 2023, for shareholders on record by June 15, 2023. The Fund's Managed Distribution Plan ensures that it maintains this rate, distributing available investment income, capital gains, or return of capital if necessary. For March 2023, the anticipated distribution is also 35 cents per share, with a record date of March 15, 2023 and payment on March 31, 2023. As of February 28, 2023, the Fund reports an average annual total return of 4.20%.

Virtus Investment Partners (NASDAQ: VRTS) reported preliminary assets under management of $154.3 billion as of February 28, 2023. This includes an additional $2.5 billion in fee-earning assets not accounted in the total. The breakdown of assets by product type shows $54.3 billion in open-end funds, $10.3 billion in closed-end funds, and $37.7 billion in retail separate accounts. Institutional accounts totaled $52.0 billion, reflecting a slight decrease compared to January's figures. Overall, the assets under management decreased from $157.8 billion in January, indicating potential shifts in market conditions.

Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share, effective from March 23, 2023. The ex-date is March 10, 2023, and the record date is March 13, 2023. Under its Managed Distribution Plan, the Fund aims to sustain a stable distribution level, which may be funded from net investment income and realized capital gains or from the Fund's assets, potentially resulting in a return of capital. Notably, a significant portion of distributions may constitute a return of capital, indicating that the Fund has distributed more than its earnings year-to-date. This practice should not be seen as a reflection of the Fund's performance.

The Boards of Trustees of the Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) and Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) have approved the reorganization of EDI into EDF. The surviving fund will retain the EDF ticker symbol. Shareholders of EDF will vote on May 22, 2023, to approve the issuance of additional shares for this tax-free reorganization. This decision aims to create a larger fund with economies of scale, potentially lowering trading costs and annual operating expenses. A proxy statement will be sent to EDF shareholders by March 31, 2023, detailing the proposal and related risks.

Virtus Total Return Fund Inc. (NYSE: ZTR) announced its monthly distributions of $0.08 per share for March, April, and May 2023. The ex-dates are March 10, April 12, and May 10, 2023, with payable dates on March 23, April 25, and May 23, 2023, respectively. Under its Managed Distribution Plan, the Fund aims for consistent distribution levels, which may include net investment income and realized capital gains, but may include returns of capital if income and gains are insufficient. The Fund estimates that it has distributed more than its income and gains, indicating potential returns of capital for shareholders.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) has announced monthly distributions of $0.06 for March, April, and May 2023. The ex-dates for these distributions are March 10, April 12, and May 10, 2023, with corresponding record dates on March 13, April 13, and May 11, 2023, and payable dates on March 23, April 25, and May 23, 2023. These amounts are preliminary estimates and will vary based on the Fund's performance throughout its fiscal year. Investors will receive a Form 1099-DIV for tax reporting purposes. The Fund aims to maximize total return through investments in emerging market securities, managed by Stone Harbor Investment Partners.

Virtus Global Multi-Sector Income Fund (NYSE: VGI) has declared monthly distributions of $0.08 for March, April, and May 2023. The ex-dates for these distributions are March 10, April 12, and May 10, while the record dates are March 13, April 13, and May 11, with payable dates set for March 23, April 25, and May 23, respectively. These amounts are estimates and may change based on the Fund's investment performance and tax regulations. As a closed-end fund, VGI focuses on maximizing current income while preserving capital through diversified fixed-income investments, managed by Virtus Investment Advisers and Newfleet Asset Management.

Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) has announced monthly distributions of $0.07 for March, April, and May 2023. The ex-dates for these distributions are March 10, April 12, and May 10, 2023, while the corresponding record dates are March 13, April 13, and May 11, 2023. The pay dates are set for March 23, April 25, and May 23, 2023. These amounts are estimates and may change based on the Fund's investment performance and tax regulations. Investors should expect to receive a Form 1099-DIV for reporting purposes. The Fund aims to maximize total return through investments in emerging markets but carries inherent risks.