[Form 4] Virtus Diversified Income & Convertible Fund Insider Trading Activity

Rhea-AI Filing Summary

MetLife Investment Management, LLC reported on 10/02/2025 that 1,200,000 Series A Mandatory Redeemable Preferred Shares of Virtus Diversified Income & Convertible Fund (ACV) were redeemed in full at the original purchase price of $25.00 per share plus accrued and unpaid dividends. Following the redemption the reporting person shows 0 shares of that series beneficially owned. The filing states the securities were held directly by a client for whom the reporting person is investment manager and that the reporting person disclaims beneficial ownership except for its pecuniary interest.

Positive

• Full redemption executed for 1,200,000 Series A shares at $25.00 returned principal plus accrued dividends
• Reporting shows client-held securities managed by MetLife Investment Management, indicating the transaction relates to client portfolio activity

Negative

• Reported indirect holding reduced to 0 for the Series A Mandatory Redeemable Preferred Shares, eliminating that exposure

Insights

Corporate Governance Analyst

Redemption returned principal and removed the reported holding.

The reported Series A preferred position of 1,200,000 shares was redeemed at $25.00 per share on 10/02/2025, returning capital plus accrued dividends to the holder. The filing records the position as held directly for a client, with the manager disclaiming beneficial ownership beyond pecuniary interest.

This change reduces the manager's indirect exposure to that security class and removes any ongoing Section 16 reporting obligation for these shares; watch for any subsequent filings if proceeds are reinvested or if similar instruments are issued within the next quarter.

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

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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^*

MetLife Investment Management, LLC

(Last) (First) (Middle)

ONE METLIFE WAY

(Street)

WHIPPANY NJ 07981

(City) (State) (Zip)

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

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

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

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

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
Series A Mandatory Redeemable Preferred Shares	10/02/2025		J(1)		1,200,000	D	$25	0	I(2)(3)	See Footnotes(2)(3)

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:

1. These Series A Mandatory Redeemable Preferred Shares were redeemed in full by the Issuer at their original purchase price of $25.00 per share, plus accrued and unpaid dividends, which dividends are exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") pursuant to Rule 16a-9 thereunder.

2. These securities were held directly by a client for whom the Reporting Person serves as investment manager.

3. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.

	/s/ Israel Grafstein, Chief Compliance Officer of MetLife Investment Management, LLC	10/06/2025
	** 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.
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FAQ

What happened in the ACV Form 4 filed by MetLife Investment Management?

The filing reports a full redemption on 10/02/2025 of 1,200,000 Series A Mandatory Redeemable Preferred Shares at $25.00 per share, plus accrued dividends.

How many Series A preferred shares were redeemed for ACV?

Exactly 1,200,000 Series A Mandatory Redeemable Preferred Shares were redeemed in full.

Did MetLife Investment Management retain beneficial ownership after the redemption?

No; the filing shows 0 shares of that series beneficially owned following the redemption and the reporting person disclaims beneficial ownership except for pecuniary interest.

At what price were the ACV Series A shares redeemed?

They were redeemed at the original purchase price of $25.00 per share, plus accrued and unpaid dividends.

Was the transaction executed for a client account or the reporting entity?

The filing states these securities were held directly by a client for whom the reporting person serves as investment manager.