Virtus Investmen Stock Price, News & Analysis

Virtus Investment Partners (NYSE: VRTS) reported preliminary assets under management (AUM) of $175.0 billion and other fee earning assets of $2.3 billion, totaling $177.3 billion in client assets as of December 31, 2024. The company experienced a decrease in AUM from September 30, 2024, attributed to net outflows in institutional accounts and open-end funds, along with negative market performance. This was partially offset by positive net flows in retail separate accounts.

A significant factor was a $3.3 billion partial redemption of a lower-fee institutional mandate. The preliminary average AUM for the quarter was $182.1 billion. By asset class, the portfolio comprised of: Equity ($100.8B), Fixed Income ($37.7B), Multi-Asset ($21.2B), and Alternatives ($15.3B).

Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) announced its monthly distribution of $0.07 per share, payable on January 10, 2025, to shareholders of record on December 31, 2024. Under its Managed Distribution Plan, the December 2024 distribution comprises 48.6% from net realized short-term capital gains ($0.034) and 51.4% from net realized long-term capital gains ($0.036).

The Fund's fiscal year-to-date distributions include 26.4% from net investment income ($0.037), 41.4% from short-term capital gains ($0.058), and 32.2% from long-term capital gains ($0.045). As of November 29, 2024, the Fund reported a 5-year average annual total return on NAV of 8.24%, an annualized current distribution rate of 6.02% of NAV, and a fiscal year-to-date cumulative total return on NAV of 9.65%.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced a legal entity transition where Virtus Investment Advisers, (VIA) will replace Virtus Alternative Investment Advisers, Inc. (VAIA) as the Fund's adviser, effective January 1, 2025. The transition involves transferring VAIA's rights and obligations under the investment advisory, subadvisory, and expense limitation agreements to VIA. Both entities are wholly owned indirect subsidiaries of Virtus Investment Partners. The change maintains the same investment advisory fee rates, Fund's subadviser, and portfolio managers.

Virtus Equity & Convertible Income Fund (NYSE: NIE) has announced a quarterly distribution of $0.50 per share, payable on December 30, 2024. The fund's distribution sources for December 2024 consist entirely of net realized short-term capital gains. For the fiscal year-to-date, distributions include 69.1% from short-term gains, 6% from long-term gains, 1.7% from net investment income, and 23.2% return of capital.

The Fund's performance metrics show a 12.31% average annual total return on NAV for the 5-year period, with a current annualized distribution rate of 7.45%. The fiscal YTD cumulative total return on NAV stands at 19.68%.

Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced its monthly distribution of $0.18 per share, payable on December 30, 2024. The Fund's distribution analysis reveals that 100% of the December distribution comes from net realized short-term capital gains. For the fiscal year-to-date, 18.2% comes from short-term gains while 81.8% represents return of capital.

The Fund's performance metrics show a 13.20% average annual total return on NAV for the 5-year period, with a 24.50% fiscal YTD cumulative total return. The current annualized distribution rate stands at 9.04%, with a fiscal YTD cumulative distribution rate of 7.53%.

Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has announced its quarterly distribution of $0.305 per share, payable on December 30, 2024. The distribution sources include: 38.4% from net realized short-term capital gains, 15.4% from net realized long-term capital gains, and 46.2% from return of capital. The Fund's performance metrics show an 8.39% average annual total return on NAV for the 5-year period and an 8.01% annualized current distribution rate. The fiscal YTD cumulative total return on NAV stands at 13.69%, with a cumulative distribution rate of 7.68%.

Virtus Total Return Fund Inc. (NYSE: ZTR) has announced its monthly distribution of $0.05 per share, payable on December 30, 2024. The distribution breakdown shows that 29.9% ($0.015) comes from net investment income, while 70.1% ($0.035) represents return of capital. The Fund's performance metrics indicate a 5.25% average annual total return on NAV for the 5-year period and an 8.57% annualized current distribution rate. The Fund's fiscal YTD cumulative total return on NAV stands at 24.24%. Under its Managed Distribution Plan, the Fund aims to maintain consistent distribution levels, though shareholders should note that when aggregate net investment income and realized capital gains are less than the distribution amount, the difference will constitute a return of capital.

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced its monthly distribution of $0.15 per share, payable on December 30, 2024. The Fund's distribution sources for December 2024 comprise 100% from Net Realized Short-Term Capital Gains. For the fiscal year-to-date, distributions include 0.4% from Net Investment Income, 45.3% from Short-Term Capital Gains, 45.4% from Long-Term Capital Gains, and 8.9% from Return of Capital.

The Fund's performance metrics show a 14.22% average annual total return on NAV for the 5-year period, a 7.66% annualized current distribution rate, and a 22.11% fiscal YTD cumulative total return on NAV. The fiscal YTD cumulative distribution rate stands at 6.38%.

Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has announced monthly dividend payments of $0.07 per share for January, February, and March 2025, payable on February 10, March 10, and April 10, respectively. The fund operates under a Managed Distribution Plan, distributing available investment income and, if necessary, realized capital gains or return of capital to maintain the monthly distribution level.

For November 2024, the distribution sources were: 52.8% from net investment income, 34.3% from short-term capital gains, and 12.9% from long-term capital gains. The fund's 5-year average annual return on NAV is 8.24%, with a current annualized distribution rate of 6.02% of NAV. The fiscal year's cumulative total return on NAV stands at 9.65%.