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.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share, payable on February 18, 2022. The distribution will be sourced from net investment income (16.3%), net realized short-term capital gains (47.0%), and a return of capital (36.7%). The Fund warns that the distribution may exceed its income and realized gains, indicating that some funds may be a return of capital rather than investment performance. As of January 31, 2022, the Fund's average annual total return on NAV over the last five years is 6.95%.
Virtus Investment Partners, Inc. (NASDAQ: VRTS) will release its fourth quarter 2021 financial results on February 4, 2022, before the market opens. Following this, a conference call will take place at 10:00 a.m. Eastern with CEO George R. Aylward and CFO Michael A. Angerthal. Investors can access the call via virtus.com or by phone. A replay will be available until February 11, 2022. This announcement reflects Virtus' ongoing commitment to transparency and engagement with investors.
On January 18, 2022, the Virtus AllianzGI Diversified Income & Convertible Fund (NYSE: ACV) announced a managed distribution plan, increasing its monthly distribution rate to $0.18 per share, effective from the upcoming monthly distribution. The ex-date for this distribution is January 12, 2022 and the payable date is February 1, 2022. The fund aims to maintain a consistent distribution level, which may be partially sourced from shareholder capital if net investment income and realized gains are insufficient. Key distribution estimates for January indicate that net realized short-term capital gains account for the full distribution amount.
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) announced a managed distribution plan, increasing its monthly distribution rate to $0.15 per share, effective February 1, 2022. The plan aims for a stable income stream, funded through net investment income and realized capital gains. However, if these sources are insufficient, distributions will come from the Fund's assets, potentially returning capital to shareholders. As of December 31, 2021, the fund reported a 5-year average annual total return of 29.74% and a year-to-date cumulative total return of 7.64%.
Virtus Investment Partners (NASDAQ: VRTS) announced preliminary assets under management (AUM) at $187.2 billion as of December 31, 2021, an increase attributed to market performance and the addition of Westchester Capital Management assets. Net flows for Q4 2021 were nearly breakeven, with positive contributions from retail separate accounts, institutional, and ETFs, countered by outflows from open-end funds. Additionally, the company managed $3.8 billion in other fee-earning assets not included in AUM.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 on January 5, 2022, under its Managed Distribution Plan. The distribution consists of 36.7% from net investment income, with 63.3% classified as a return of capital. The fund advises that this return of capital does not reflect investment performance. As of December 31, 2021, the fund reported an average annual total return on NAV of 8.57% over five years and a current fiscal year-to-date annualized distribution rate of 10.18%.
Virtus Investment Partners (NASDAQ: VRTS) has completed its acquisition of Stone Harbor Investment Partners, managing $14.5 billion in assets. This acquisition enhances Virtus' investment capabilities, diversifies its offerings, and expands its non-U.S. institutional client base. Stone Harbor will maintain its autonomy in investment processes while benefiting from Virtus' resources, including distribution and analytical support. The deal is expected to strengthen Virtus' market position and provide clients with a well-regarded emerging markets debt strategy.
As of January 3, 2022, the Fund previously known as DTF Tax-Free Income Inc. is now named DTF Tax-Free Income 2028 Term Fund Inc. This change reflects the Fund's limited term of existence, which will conclude on March 1, 2028, unless extended by the Board. The name alteration will not impact the Fund's ticker symbol (NYSE: DTF) or its securities' CUSIP numbers. The Fund aims to provide current income exempt from federal income tax through a diversified portfolio of investment-grade tax-exempt obligations, managed by Duff & Phelps Investment Management Co., a subsidiary of Virtus Investment Partners.
Virtus AllianzGI Equity & Convertible Income Fund (NIE) announced a new managed distribution plan effective March 25, 2022, along with a 32% increase in its quarterly distribution to $0.50 per share, up from $0.38. This increase represents a 6.6% annualized rate based on the December 16, 2021 closing price of $30.44. The Fund aims to enhance shareholder value and reduce the current discount to net asset value. However, distributions may come from net investment income, realized capital gains, or fund assets, which could affect shareholder capital.
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) announced a managed distribution plan effective February 1, 2022, raising its monthly distribution to $0.15 per share, a 20% increase from $0.125. This change aims to enhance shareholder value and reduce the discount to net asset value. The annualized distribution rate is 6.7% based on a market price of $26.88 as of December 16, 2021. Under the plan, distributions could be sourced from net investment income and capital gains, with potential capital return considerations for shareholders.