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. (NYSE: VRTS) operates a multi-manager asset management business and regularly issues news and updates related to its investment platform, affiliated managers, and funds. This news page aggregates company announcements, fund notices, and regulatory disclosures that are relevant to investors following VRTS.
Virtus frequently reports on its preliminary assets under management and other fee-earning assets, broken down by product type and asset class. These updates describe trends across open-end funds, closed-end funds, retail separate accounts, institutional accounts, and exchange-traded funds, as well as allocations to equity, fixed income, multi-asset, and alternatives strategies.
News items also cover developments at affiliated and advised closed-end funds, including Duff & Phelps Utility and Infrastructure Fund Inc., DNP Select Income Fund Inc., DTF Tax-Free Income 2028 Term Fund Inc., Virtus Total Return Fund Inc., Virtus Equity & Convertible Income Fund, Virtus Artificial Intelligence & Technology Opportunities Fund, and Virtus Diversified Income & Convertible Fund. These releases often include information on managed distribution plans, special year-end distributions, regular dividends, and Section 19(a) notices that explain the estimated sources of distributions among net investment income, realized capital gains, and return of capital.
Corporate announcements from Virtus may highlight strategic transactions, such as the acquisition of a minority interest in Crescent Cove Advisors, LP, which adds a private markets capability focused on lending to high-growth technology companies. Other disclosures include material definitive agreements, such as the Equity Purchase Agreement to acquire a majority interest in Keystone National Group, LLC, and credit agreements that provide term loans and revolving credit facilities.
By reviewing the news associated with VRTS, investors can monitor updates on assets under management, fund distribution policies, strategic investments in alternative and private markets, and financial and regulatory developments affecting Virtus’ multi-manager asset management platform.
DTF Tax-Free Income Inc. (NYSE: DTF) announced a special taxable distribution of $0.164537 per share, set to be paid on January 11, 2022. Shareholders of record as of December 30, 2021 will receive this distribution. The breakdown includes $0.164481 from long-term capital gains and $0.000056 from short-term capital gains. The ex-dividend date is December 29, 2021. DTF focuses on providing current income exempt from federal income tax through a diversified portfolio of investment-grade tax-exempt obligations.
The Board of Directors of DTF Tax-Free Income Inc. (NYSE: DTF) declared dividends of 3.25 cents per share, with payment dates set for January 31, February 28, and March 31, 2022. The ex-dividend dates are January 14, February 14, and March 14 of the same year. Additionally, the Fund will undergo a name change to DTF Tax-Free Income 2028 Term Fund Inc. on January 3, 2022. This change follows shareholder approval for a limited term of existence ending March 1, 2028, though the term may be extended under certain conditions.
The Board of Directors of Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has approved a dividend of 35 cents per share to be paid on March 31, 2022, with an ex-date of March 14 and record date of March 15. This dividend payment is part of the Fund's Managed Distribution Plan, established in 2015, which aims to provide consistent distributions by utilizing available investment income and, if insufficient, realized capital gains or return of capital. As of November 30, 2021, the fund reported a 10.57% annualized distribution rate on NAV.
Virtus Dividend, Interest & Premium Strategy Fund (NFJ) and Virtus AllianzGI Equity & Convertible Income Fund (NIE) have announced quarterly distributions of $0.225 and $0.380 per common share, respectively. These distributions will be payable on January 7, 2022, for shareholders of record as of December 20, 2021, with an ex-dividend date of December 17, 2021. The amounts stated are estimates and may vary based on the funds' investment experiences and taxation regulations throughout the fiscal year.
Virtus Investment Partners reported preliminary assets under management (AUM) of $184.5 billion as of November 30, 2021. The company also manages $3.7 billion in other fee-earning assets not included in AUM. The breakdown of AUM by product type shows a decrease in open-end funds from $79.875 billion in October to $77.609 billion in November. Institutional accounts and structured products, however, showed stability with minimal fluctuations. This reporting offers insights into Virtus' investment management performance.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share, payable on December 20, 2021. The distribution will be allocated from net investment income, realized capital gains, or a combination thereof. However, shareholders should be aware that a portion of this distribution may come from the Fund's assets, constituting a return of capital, which does not necessarily reflect the Fund’s performance. As of November 30, 2021, the Fund's YTD annualized distribution rate was 10.76%, with a cumulative total return of 6.36%.
Virtus Investment Partners (NASDAQ: VRTS) has declared a quarterly cash dividend of $1.50 per common share for the fourth quarter of 2021. The dividend is set to be paid on February 11, 2022, to shareholders on record as of January 28, 2022. Future dividends will depend on the Board of Directors' approval.
As a multi-boutique asset management firm, Virtus Investment Partners focuses on long-term success for individual and institutional investors through a diverse range of affiliated investment managers.
Virtus AllianzGI Convertible & Income Fund (NCV) has declared a cash distribution of $0.3515625 per share for its Series A cumulative preferred shareholders. This payment will be made on December 31, 2021, to shareholders of record as of December 13, 2021. The Series A shares, trading under the symbol NCV PR A, were issued at $25.00 each and carry an annual dividend rate of $1.40625. The fund's distributions are subject to changes based on the fund's investment performance and tax regulations.
Virtus AllianzGI Convertible & Income Fund II (NCZ) has declared a cash distribution of $0.34375 per share for Series A cumulative preferred shareholders, payable on December 31, 2021. This distribution pertains to the accrual period from October 1, 2021, through December 31, 2021, with shareholders of record on December 13, 2021. The Series A shares, rated 'A' by Fitch Ratings, have an annual dividend rate of $1.375 and were issued at $25.00 per share. The shares will be callable post a five-year non-call period ending on September 11, 2023.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions of $0.08 per share for December 2021 through March 2022. The ex-dates for these distributions are set between December 10, 2021, and March 10, 2022, with payable dates following shortly after. The Fund aims to maintain a consistent level of distributions, which may include a return of capital if net income and capital gains are insufficient. For the fiscal year to date, the Fund has a current distribution rate of 10.25% and has distributed more than its income, indicating that a portion may be a return of capital.