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 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.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced a new managed distribution plan, increasing its quarterly distribution rate to $0.245 per share, a 9% rise from the previous $0.225. This increase will be effective from March 25, 2022, and is part of the fund's commitment to enhance shareholder value. The annualized distribution rate is 6.2% based on a closing market price of $15.73 as of December 16, 2021. The fund aims to provide consistent distributions primarily from net investment income and realized capital gains.
Virtus AllianzGI Diversified Income & Convertible Fund (NYSE: ACV) announced a new managed distribution plan effective February 1, 2022, increasing its monthly distribution rate to $0.18 per share, up 8% from the previous $0.167. This change reflects an annualized distribution rate of 6.3% based on a market price of $34.21. The aim is to enhance shareholder value and reduce the current discount to net asset value. Distributions may come from net investment income, realized capital gains, or Fund assets, potentially impacting shareholder capital.
The Board of Directors of DNP Select Income Fund has declared a monthly dividend of 6.5 cents per share, with ex-dividend dates on January 28, February 25, and March 30, 2022. The payment dates are set for February 10, March 10, and April 11, 2022. The fund operates under a Managed Distribution Plan, ensuring consistent payments, primarily from available investment income. For the fiscal year-to-date, the fund has distributed 8.26% of its NAV, with a total return of 18.76%.
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.