Virtus Investmen Stock Price, News & Analysis

On March 8, 2021, DTF Tax-Free Income Inc. (NYSE: DTF) announced the authorization of dividends totaling 4.0 cents per share for three upcoming periods:

• Ex-Dividend Date: April 14, 2021, Payable Date: April 30, 2021
• Ex-Dividend Date: May 14, 2021, Payable Date: May 28, 2021
• Ex-Dividend Date: June 14, 2021, Payable Date: June 30, 2021

This regular dividend distribution emphasizes the fund's commitment to providing income to shareholders while maintaining a diversified portfolio of tax-exempt obligations.

The Board of Directors of Duff & Phelps Utility and Infrastructure Fund has declared a quarterly dividend of 35 cents per share, with an ex-date of June 14, 2021 and a payable date of June 30, 2021. The Fund maintains this distribution rate under its Managed Distribution Plan, adopted in 2015, which aims to distribute all available investment income to shareholders. The March quarterly distribution sources include $0.043 from net investment income and $0.307 from return of capital. Year-to-date cumulative distribution from all sources is $0.700.

Virtus Dividend, Interest & Premium Strategy Fund (NFJ) and Virtus AllianzGI Equity & Convertible Income Fund (NIE) announced quarterly distributions of $0.225 and $0.380 per share, respectively. The distributions will be paid on March 26, 2021, to shareholders of record on March 15, with an ex-dividend date of March 12, 2021. It’s important to note that these amounts are estimates and may change based on the funds’ investment experiences and tax regulations. Virtus Investment Advisers became the investment adviser for both funds effective February 1, 2021.

Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions of $0.08 for April and May 2021. The distributions will be paid from net investment income, realized capital gains, or Fund assets, with potential return of capital. In February 2021, 29% of the distribution came from net investment income, while 71% was a return of capital. The Fund's average annual total return on NAV for the last five years is 8.87%, but the fiscal year-to-date cumulative total return is -2.31%. Current fiscal YTD annualized distribution rate stands at 10.85%.

Virtus Global Multi-Sector Income Fund (NYSE: VGI) has announced monthly distributions of $0.10 for April and May 2021. The Fund's distribution plan aims to maintain consistent levels, potentially funded by net investment income and realized capital gains. Shareholders should be aware that if total net income and capital gains fall short, distributions may include a return of capital, which does not reflect performance.

For February 2021, net investment income per share was $0.045, accounting for 44.6% of distributions. A significant 55.4% of distributions may be a return of capital.

Virtus AllianzGI Convertible & Income Fund (NYSE: NCV) declared a cash distribution of $0.3515625 per share for Series A cumulative preferred shareholders, payable on March 31, 2021. Shareholders on record as of March 11, 2021 are eligible. The Series A shares, rated AA by Fitch, have an annual dividend rate of $1.40625 per share, issued at $25.00 each in September 2018. The shares become callable on September 20, 2023. Actual distribution amounts may vary based on the fund's investment performance.

Virtus AllianzGI Convertible & Income Fund II has declared a cash distribution of $0.34375 per share, payable on March 31, 2021, to Series A cumulative preferred shareholders of record by March 11, 2021. The total shares outstanding are 4,360,000, issued at $25.00 per share, with an annual dividend rate of $1.375. The shares are rated "AA" by Fitch and are callable post a five-year non-call period ending September 11, 2023. Distributions depend on the fund's investment performance and may be subject to tax regulation changes.

Virtus Investment Partners (NASDAQ: VRTS) announced the appointment of W. Howard Morris, CFA, to its Board of Directors and Audit Committee. Morris, 62, brings over 20 years of investment management experience, having led The Prairie & Tireman Group and served as CEO of WILMOCO Capital Management. His previous roles include financial oversight in Michigan's public schools and a board member of Owens Corning. Morris holds an MBA from Wharton and is a licensed CPA. This addition is expected to strengthen Virtus's leadership and investment expertise.

The Board of Directors of DTF Tax-Free Income Inc. announced the results of the annual shareholder meeting held on February 26, 2021. A quorum was achieved with 78.1% of shares represented. Shareholders voted to elect two directors, Eileen A. Moran and Donald C. Burke. Additionally, proposals to amend the Fund's charter were approved, which include plans for corporate dissolution in 2028 unless conditions are met for a tender offer. The Fund aims for investments in tax-exempt obligations, with Virtus Investment Partners managing approximately $132.2 billion in assets.