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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 Investment Partners reported preliminary assets under management of $145.0 billion as of September 30, 2022, reflecting a decrease from June 30, 2022 due to market depreciation and net outflows in various accounts, partially offset by positive net flows in closed-end funds. The company also managed an additional $2.5 billion in other fee-earning assets not included in the total. The breakdown shows open-end funds at $54.5 billion, closed-end funds at $10.1 billion, retail separate accounts at $33.4 billion, and institutional accounts at $47.0 billion.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced a distribution of $0.08 per share, with relevant dates: Ex-Date on October 12, 2022, Record Date on October 13, 2022, and Payable Date on October 20, 2022. Under its Managed Distribution Plan, distributions may come from net investment income, realized capital gains, or other sources. The fund indicated that a portion of this amount may represent a return of capital, with a current fiscal YTD annualized distribution rate of 14.14% and a cumulative total return on NAV of -13.18%.
The DNP Select Income Fund (NYSE: DNP) has announced a dividend of 6.5 cents per share, payable on multiple dates, starting from November 10, 2022. This payment is part of the fund's Managed Distribution Plan adopted in 2007, aimed at maintaining its distribution rate. The total cumulative distribution for the fiscal year is estimated at $0.650 per share. The fund's investment returns show an annualized rate of 7.80% based on NAV, demonstrating a commitment to delivering income and long-term growth.
The Board of Directors of DTF Tax-Free Income 2028 Term Fund has authorized quarterly dividends of 3.25 cents per share. These dividends are scheduled for payment on the following dates: October 31, 2022, November 30, 2022, and December 30, 2022. The ex-dividend dates are set for October 14, November 14, and December 14, 2022, with the record dates on October 17, November 15, and December 15, 2022. The Fund aims to provide current income exempt from federal taxes by investing in a diversified portfolio of investment-grade tax-exempt obligations.
The Board of Directors of Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has authorized a dividend payment of 35 cents per share. This dividend is part of a managed distribution plan established in 2015, ensuring consistent disbursement of investment income. Key dates include ex-date: December 14, 2022, record date: December 15, 2022, and payable date: December 30, 2022. The Fund's September 2022 distribution included $0.015 from net investment income and $0.335 as a return of capital, reflecting a commitment to maintain its current distribution level.
Virtus Investment Partners reported preliminary assets under management of $157.8 billion as of August 31, 2022. This includes an additional $2.9 billion of other fee-earning assets not listed in the asset figures. The breakdown shows various categories: Open-End Funds at $59.9 billion, Closed-End Funds at $11.0 billion, Retail Separate Accounts at $36.1 billion, and Institutional Accounts at $50.8 billion. Comparatively, total assets were $162.9 billion at the end of July 2022, suggesting a decrease in overall assets.
Virtus Stone Harbor Emerging Markets Total Income Fund (EDI) announced its monthly distributions for September, October, and November 2022. Each month will have a distribution of $0.07. The ex-dates are September 12, October 7, and November 7, with record dates on September 13, October 11, and November 8, respectively. The payable dates are September 23, October 21, and November 18. The actual distribution amounts for tax purposes will depend on the Fund's future investment experience. The Fund aims to maximize total return through investments in emerging market securities.
Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) has announced monthly distributions of $0.06 per share for three upcoming dates: September 23, October 21, and November 18, 2022. The ex-dates for these distributions are September 12, October 7, and November 7, 2022, respectively. Distributions are estimates and subject to change based on the Fund's investment performance and tax regulations. The Fund aims to maximize total returns through investments in emerging market securities, but there is no assurance it will achieve this objective.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions of $0.08 per share for September, October, and November 2022. The fund's Managed Distribution Plan aims to consistently provide distributions, which may include returns of capital if income and capital gains are insufficient. The August 2022 distribution breakdown shows just 4.3% from net investment income, with 95.7% from long-term capital gains. The fund's current fiscal year-to-date annualized distribution rate is 11.82%, while cumulative total return on NAV is -1.04%.
Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) announced monthly distributions of $0.07 for September, October, and November 2022. Key dates for these distributions include an ex-date on September 12, 2022, record dates on September 13, October 11, and November 8, and payable dates on September 23, October 21, and November 18, 2022. The actual amounts and sources of distributions are estimates and may change based on the Fund's performance and tax regulations. The Fund primarily aims to maximize total return from investments in emerging markets securities.