Virtus ACV director buys 221 shares at $26.95

Virtus Diversified Income & Convertible Fund (ACV) had a Form 4 filed by director Connie D. McDaniel reporting a purchase of common stock.

Rhea-AI Filing Summary

Virtus Diversified Income & Convertible Fund (ACV) had a Form 4 filed by director Connie D. McDaniel reporting a purchase of common stock. On 2026-08-18, McDaniel bought 221 shares at $26.95 per share in a direct open-market or private transaction, bringing her directly held stake to 458 shares.

Insider Trade Summary

Net Buyer: 221 shares

Net Buy 1 txn

Insider MCDANIEL CONNIE D

Role Director

Bought 221 shs ($6K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	221	$26.95	$6K

Holdings After Transaction: Common Stock — 458 shares (Direct)

Key Figures

Shares purchased: 221 shares Purchase price per share: $26.95 Shares owned after transaction: 458 shares

3 metrics

Shares purchased 221 shares Common Stock transaction on 2026-08-18

Purchase price per share $26.95 Common Stock transaction on 2026-08-18

Shares owned after transaction 458 shares Direct ownership following the 2026-08-18 purchase

Key Terms

Form 4, open market or private transaction, beneficial ownership

3 terms

Form 4 regulatory

"had a Form 4 filed by director Connie D. McDaniel reporting a purchase"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

open market or private transaction financial

"transaction_code_description: Purchase in open market or private transaction"

beneficial ownership financial

"reported direct ownership of 458 shares, indicating beneficial ownership position"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction in ACV was reported in this Form 4?

Director Connie D. McDaniel reported a purchase of 221 shares of Virtus Diversified Income & Convertible Fund common stock on 2026-08-18 in a direct transaction.

What price did the ACV insider pay for the shares?

Connie D. McDaniel purchased the 221 ACV shares at a price of $26.95 per share in an open-market or private transaction.

What are Connie D. McDaniel’s holdings in ACV after this transaction?

After buying 221 shares, Connie D. McDaniel directly holds 458 shares of Virtus Diversified Income & Convertible Fund common stock, as reported in the Form 4.

Is the reported ACV insider transaction part of a Rule 10b5-1 plan?

The Form 4 indicates the Rule 10b5-1 checkbox as false, meaning the transaction is not affirmed as being made under a Rule 10b5-1 trading plan.

What role does the reporting person hold at ACV?

The reporting person, Connie D. McDaniel, is listed as a director of Virtus Diversified Income & Convertible Fund and is not reported as an officer or ten percent owner.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/20/2026 - 04:48 PM Accepted by SEC EDGAR 08/20/2026 - 04:48 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MCDANIEL CONNIE D

(Last) (First) (Middle)

C/O VIRTUS INVESTMENT PARTNERS, INC.

ONE FINANCIAL PLAZA, 26TH FLOOR

(Street)

HARTFORD CONNECTICUT 06103

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Virtus Diversified Income & Convertible Fund [ ACV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/18/2026		P		221	A	$26.95	458	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Kathryn Santoro, Attorney-in-Fact	08/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)