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.
On July 6, 2020, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 payable on July 20, 2020. The distribution plan aims to maintain consistent levels, which may include net investment income and realized capital gains. However, if the fund's earnings are insufficient, the shortfall will be covered by the fund's assets, resulting in a return of capital to shareholders. The current fiscal year-to-date annualized distribution rate stands at 11.14%, indicating the importance of understanding the nature of these distributions.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced a monthly distribution of $0.10 on July 20, 2020, consistent with its Managed Distribution Plan. The ex-date is July 10, 2020, with a record date of July 13, 2020. The Fund seeks to maintain consistent distributions from net investment income and realized capital gains. However, recent estimates indicate that distributions exceed its income, suggesting that part of these distributions may constitute a return of capital.