Welcome to our dedicated page for Virtus Investmen news (Ticker: VRTS), a resource for investors and traders seeking the latest updates and insights on Virtus Investmen stock.
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.
The DTF Tax-Free Income 2028 Term Fund has announced dividends of 3.25 cents per share for three consecutive months—January, February, and March 2023. The ex-dividend dates are January 13, February 14, and March 14, while the record dates are January 17, February 15, and March 15. Payments are scheduled for January 31, February 28, and March 31. The Fund, managed by Duff & Phelps Investment Management Co., aims to provide current income exempt from regular federal income tax while preserving capital.
The Board of Directors of DNP Select Income Fund (NYSE: DNP) has declared a dividend of 6.5 cents per share, to be paid on February 10, 2023, with an ex-dividend date of January 30, 2023. This follows a managed distribution plan implemented in 2007, allowing the fund to maintain its distribution rate even if investment income is inadequate, sourcing from capital gains or return of capital as needed. The fund reported 9.01% annualized current distribution rate based on NAV and a cumulative total return on NAV of -0.63% for the fiscal year to date.
On December 15, 2022, Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) announced a dividend distribution of 35 cents per share, with an ex-date of March 14, 2023, record date of March 15, and payable date of March 31, 2023. The Fund's Managed Distribution Plan operates to maintain this distribution rate by utilizing available investment income, capital gains, or return of capital as necessary. For 2022, 96.4% of the distributions were sourced from return of capital, raising potential sustainability concerns for shareholders.
Virtus Investment Partners, Inc. (NASDAQ: VRTS) reported preliminary assets under management of $157.2 billion as of November 30, 2022. Additionally, the firm oversees $2.6 billion in other fee-earning assets not included in its AUM total. Key product types show significant growth compared to October 31, 2022, with open-end funds at $56.7 billion, institutional accounts rising to $52.7 billion, and retail separate accounts climbing to $36.9 billion. This growth highlights the company's robust investment management capabilities.
Virtus Investment Partners (NASDAQ: VRTS) announced a quarterly cash dividend of $1.65 per share for Q4 2022, set to be paid on February 15, 2023. Shareholders of record by January 31, 2023 will be eligible. Future dividend declarations will depend on Board approval. This reflects the company's commitment to returning value to shareholders amidst its multi-boutique asset management operations.
On December 6, 2022, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08, payable on December 19, 2022. The fund's Managed Distribution Plan aims to maintain consistent distribution levels, potentially funded from net investment income and realized capital gains. However, recent estimates indicate that distributions may exceed actual net income, suggesting a return of capital could be involved.
The fund reported a 12.77% annualized current distribution rate with a fiscal year-to-date cumulative total return on NAV of -1.45%.
Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) has announced monthly distributions of $0.07 per share for three consecutive months, starting December 2022 through February 2023. The ex-dates for the distributions are December 12, January 6, and February 10, with record dates following shortly after. The payable dates are set for December 23, January 20, and February 24, respectively. The press release emphasizes that these amounts are estimates and subject to changes based on the fund's fiscal performance and tax regulations.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) has announced monthly distributions of $0.08 per share for December 2022, January 2023, and February 2023. The ex-dates for these distributions are December 9, 2022, January 5, 2023, and February 10, 2023, with record dates following shortly after. The distributions are estimates and the actual amounts may vary based on the Fund’s investment performance. Investors will receive a Form 1099-DIV for tax reporting purposes. The Fund aims to maximize current income while preserving capital through diversified holdings in fixed-income sectors.
Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced monthly distributions of $0.06 per share for December 2022, January 2023, and February 2023. The relevant ex-dates, record dates, and payable dates are provided. These amounts are estimates for informational purposes and may change due to the Fund's investment performance and tax regulations. The Fund aims to maximize total return through emerging markets securities. Investors are cautioned that distributions may differ from their actual tax reporting amounts.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions of $0.08 for December 2022, January 2023, and February 2023. The fund operates under a Managed Distribution Plan, potentially distributing amounts from net investment income, capital gains, or Fund assets. Notably, the Fund has indicated distributions may include a return of capital, implying that some returns may not reflect investment performance. For October 2022, the average annual total return on NAV over five years stood at 0.91%, with a fiscal year-to-date annualized distribution rate of 13.81%.