Virtus Investmen Stock Price, News & Analysis

Virtus Dividend, Interest & Premium Strategy Fund (NFJ) and Virtus AllianzGI Equity & Convertible Income Fund (NIE) announced quarterly distributions. NFJ will distribute $0.225 per share, while NIE will distribute $0.380 per share. Payments will be made on September 24, 2021, to shareholders recorded by September 13, 2021, with an ex-dividend date of September 10, 2021. The distribution amounts are estimates and subject to change based on the funds' investment performance and tax regulations.

Virtus Total Return Fund Inc. (ZTR) has declared a monthly distribution of $0.08 for October and November 2021. The ex-dates for these distributions are October 8 and November 10, respectively, with record and payable dates set for October 12 and 19, and November 12 and 19. The fund follows a Managed Distribution Plan, which may involve payments from net investment income and realized capital gains, with potential returns coming from the fund's assets. Shareholders should be aware some distributions may be returns of capital, reflecting an estimated distribution of over the fund's income for the year.

The Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced monthly distributions of $0.08 for October and November 2021. The ex-dates are scheduled for October 8 and November 10, with payable dates on October 19 and November 19. As part of its Managed Distribution Plan, the fund aims to maintain consistent distribution levels, potentially funded by net investment income and capital gains. However, distributions may also include a return of capital, reflecting that the fund's aggregate net investment income may not meet distribution levels, thereby reducing shareholder capital.

Virtus AllianzGI Convertible & Income Fund (NYSE: NCV) announced a cash distribution of $0.3515625 per share for Series A cumulative preferred shareholders, payable on September 30, 2021. The record date for this payment is September 13, 2021. The Series A shares, rated 'A' by Fitch, have an annual dividend rate of $1.40625 and were issued at $25.00 per share. Additionally, these shares will be callable after a five-year period ending September 20, 2023. Distributions' actual amounts may vary based on the fund's investment performance.

Virtus AllianzGI Convertible & Income Fund II (NCZ) announced a cash distribution of $0.34375 per share for Series A cumulative preferred shareholders, payable on September 30, 2021. Shareholders of record as of September 13, 2021 will receive this payment. The Series A preferred shares have an annual dividend rate of $1.375 and were issued at $25.00 per share. These shares will be callable after September 11, 2023. The actual distribution amounts may vary based on fund performance and tax regulations.

Virtus Investment Partners (NASDAQ: VRTS) has announced an impressive 83% increase in its quarterly cash dividend, raising it to $1.50 per share from $0.82. This marks the fourth consecutive year of dividend increases. The new dividend will be paid on November 12, 2021, to shareholders of record by October 29, 2021. CEO George R. Aylward credited the company's strong balance sheet and cash flow generation as key factors supporting this increase, which reflects their commitment to returning capital and investing in growth.

Virtus Investment Partners reported preliminary total assets under management (AUM) of $180.3 billion as of July 31, 2021. The company also managed $3.8 billion of fee-earning assets not included in AUM. AUM by product type includes $75.1 billion from open-end funds, $12.1 billion from closed-end funds, and $41.5 billion from retail separate accounts. Total AUM increased from $178.6 billion in June 2021, reflecting strong investment performance and inflows.

Virtus Investment Partners (NASDAQ: VRTS) has launched the Virtus KAR Small-Mid Cap Value Fund, which focuses on investing in undervalued small- and mid-cap U.S. companies. Managed by Julie Kutasov and Craig Stone of Kayne Anderson Rudnick, the fund aims for attractive long-term returns through a selective portfolio of 25-35 high-quality stocks. The strategy emphasizes companies with strong balance sheets and competitive advantages, distinguishing it from typical value investments. As of June 30, 2021, Kayne Anderson Rudnick managed $61.2 billion in assets.

On August 4, 2021, Virtus Investment Partners (NASDAQ: VRTS) and Duff & Phelps Investment Management announced the launch of the Virtus Duff & Phelps Clean Energy ETF (NYSE: VCLN). This actively managed ETF aims to deliver attractive total returns by investing in clean and renewable energy companies worldwide. David Grumhaus, Jr., President and CIO of Duff & Phelps, highlighted the ETF's focus on leading market innovators in the sector. As of June 30, 2021, Duff & Phelps managed $11.4 billion in assets, emphasizing their depth of resources and expertise in energy investing.