Virtus Investmen Stock Price, News & Analysis

Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) announced its monthly distribution of $0.07 per share, payable on February 10, 2025, to shareholders of record on January 31, 2025. Under its Managed Distribution Plan, the January 2025 distribution consists of 32% from net realized short-term capital gains ($0.022) and 68% from net realized long-term capital gains ($0.048).

For the fiscal year-to-date, which started November 1, 2024, distributions include 17.6% from net investment income, 38.3% from short-term capital gains, and 44.1% from long-term capital gains. The fund's 5-year average annual total return on NAV is 4.81%, with a current annualized distribution rate of 6.62% of NAV. The cumulative total return on NAV for the fiscal year stands at 0.16%.

Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) have announced a 1-for-4 reverse stock split effective February 10, 2025. The splits, approved by each Fund's board, aim to enhance shareholder value by increasing the per-share market price.

Post-split, shareholders will maintain their same percentage ownership, with one new share issued for every four existing shares. Cash payments will be made for fractional shares, except for participants in the Automatic Dividend Reinvestment Plan. The funds will retain their trading symbols but receive new CUSIP numbers.

Following the split, monthly distributions will be proportionally adjusted. NCV will distribute $0.136 per share on February 27 and March 28, 2025, while NCZ will distribute $0.120 per share on the same dates. The reverse splits aim to broaden the investor base and reduce per-share transaction fees and administrative costs.

Virtus Investment Partners (NYSE: VRTS) reported its Q4 2024 financial results with diluted earnings per share of $4.66 (GAAP) and $7.50 (adjusted). Total assets under management reached $175.0 billion, a 2% increase year-over-year but a 5% decrease from Q3 2024.

The company reported total sales of $6.4 billion and net outflows of ($4.8 billion), including a $3.3 billion lower-fee partial redemption of an institutional mandate. Operating income was $50.7 million, down 8% from Q3, while revenues increased 3% to $233.5 million.

Operating margin improved to 35.1% (adjusted) from 34.4% in Q3. The company maintained strong financial position with $265.9 million in cash and cash equivalents, ending the quarter in a net cash position of $29.8 million. During Q4, VRTS repurchased 52,176 shares for $12.5 million and reduced debt by $5.7 million.

Virtus Total Return Fund Inc. (NYSE: ZTR) has announced its monthly distribution of $0.05 per share, payable on January 30, 2025. The Fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. For January 2025, 100% of the distribution ($0.050) comes from Return of Capital, while the Fiscal Year-to-Date distribution shows 14.9% ($0.015) from Net Investment Income and 85.1% ($0.085) from Return of Capital.

The Fund's performance metrics reveal a 5-year Average Annual Total Return on NAV of 2.93%, an Annualized Current Distribution Rate of 9.27%, and a Fiscal YTD Cumulative Total Return on NAV of -6.79%. The Fiscal YTD Cumulative Distribution Rate stands at 0.77%. Shareholders are advised that distributions may constitute a return of capital rather than reflecting investment performance.

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced its January 2025 monthly distribution of $0.15 per share, payable on January 30, 2025. The distribution sources include: 9.3% from net investment income, 71.3% from short-term capital gains, and 19.4% from long-term capital gains.

The Fund's performance metrics show an average annual total return on NAV of 13.36% for the 5-year period, with an annualized current distribution rate of 7.92%. The fiscal YTD cumulative total return on NAV stands at 18.82%, with a cumulative distribution rate of 7.26%.

Under its Managed Distribution Plan, the Fund maintains consistent distribution levels, which may be paid from various sources. Shareholders are advised that if aggregate income and capital gains are less than the distribution amount, the difference will constitute a return of capital.

Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced its monthly distribution of $0.18 per share, payable on January 30, 2025. The Fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. For January 2025, 100% of the distribution ($0.180) comes from Net Realized Short-Term Capital Gains.

The Fund's fiscal year-to-date distribution shows that 25% comes from Net Realized Short-Term Capital Gains and 75% from Return of Capital. Key performance metrics include an 11.34% Average Annual Total Return on NAV for the 5-year period, a 9.60% Annualized Current Distribution Rate, and an 18.10% Fiscal YTD Cumulative Total Return on NAV.

Virtus Investment Partners (NYSE: VRTS) has scheduled its fourth quarter 2024 financial results announcement for Friday, January 31, 2025, before market opening. The company's president and CEO George R. Aylward, along with CFO Michael A. Angerthal, will host a conference call and webcast at 10:00 a.m. Eastern to discuss the results with the investment community.

A presentation will be available in the Presentations section of virtus.com, and a replay of the call will be accessible in the Investor Relations section for at least one year.

Virtus Investment Partners (NYSE: VRTS) reported preliminary assets under management (AUM) of $175.0 billion and other fee earning assets of $2.3 billion, totaling $177.3 billion in client assets as of December 31, 2024. The company experienced a decrease in AUM from September 30, 2024, attributed to net outflows in institutional accounts and open-end funds, along with negative market performance. This was partially offset by positive net flows in retail separate accounts.

A significant factor was a $3.3 billion partial redemption of a lower-fee institutional mandate. The preliminary average AUM for the quarter was $182.1 billion. By asset class, the portfolio comprised of: Equity ($100.8B), Fixed Income ($37.7B), Multi-Asset ($21.2B), and Alternatives ($15.3B).

Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) announced its monthly distribution of $0.07 per share, payable on January 10, 2025, to shareholders of record on December 31, 2024. Under its Managed Distribution Plan, the December 2024 distribution comprises 48.6% from net realized short-term capital gains ($0.034) and 51.4% from net realized long-term capital gains ($0.036).

The Fund's fiscal year-to-date distributions include 26.4% from net investment income ($0.037), 41.4% from short-term capital gains ($0.058), and 32.2% from long-term capital gains ($0.045). As of November 29, 2024, the Fund reported a 5-year average annual total return on NAV of 8.24%, an annualized current distribution rate of 6.02% of NAV, and a fiscal year-to-date cumulative total return on NAV of 9.65%.