Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice
Distribution Announcement: The Virtus Diversified Income & Convertible Fund (NYSE: ACV) has declared a monthly distribution of $0.18 per share, payable on December 30, 2024, with the ex-date set for December 12, 2024.
Return of Capital Warning: The fund's distributions may include a return of capital if net investment income and realized capital gains are insufficient to cover the distribution amount, which does not necessarily reflect the fund's investment performance.
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Virtus Diversified Income & Convertible Fund announces a dividend of $0.384
Special Dividend Declaration: Virtus Diversified Income & Convertible Fund (ACV) has declared a special dividend of $0.384 per share, payable on January 9, with a record date of December 29 and an ex-dividend date also on December 29.
Regular Dividend Announcement: In addition to the special dividend, ACV has also declared a regular dividend of $0.18 per share.
Investment Insights: The fund is highlighted as a potentially better option for inflation protection compared to ordinary bond funds.
Performance Metrics: Information regarding ACV's dividend scorecard, yield chart, and growth metrics is available for investors seeking detailed performance insights.
Virtus Diversified Income & Convertible Fund announces $0.18 dividend payout
Dividend Declaration: Virtus Diversified Income & Convertible Fund (ACV) has declared a monthly dividend of $0.18 per share, consistent with previous payments.
Payment Schedule: The dividend is payable on December 30, January 29, and February 26, with respective record dates of December 11, January 12, and February 12.
Forward Yield: The fund offers a forward yield of 8.23%, indicating its potential return for investors.
Redemption Announcement: The fund has also announced the redemption of class A mandatory redeemable preferred shares, alongside a dividend scorecard and yield chart for further insights.
Virtus Diversified Income & Convertible Fund Declares Redemption of Class A Mandatory Redeemable Preferred Shares
Redemption Announcement: The Virtus Diversified Income & Convertible Fund announced the redemption of all 1,200,000 Class A Mandatory Redeemable Preferred Shares at a cash price of $25.00 per share, plus accrued dividends, effective on the mandatory redemption date of October 2, 2025.
Funding and Termination: The redemption will be funded through a master margin loan agreement with a commercial bank, and upon redemption, the Class A MRP Shares will cease and terminate.
Four Virtus Closed-End Funds Appoint New Portfolio Manager
New Portfolio Manager Announcement: Voya Investment Management has appointed K. Mathew Axline as a portfolio manager for several funds, including the Virtus Convertible & Income Fund and Virtus Diversified Income & Convertible Fund, bringing over 25 years of investment experience to the role.
Fund Objectives and Structure: The funds managed by Voya aim to provide total returns through capital appreciation and high current income, with specific strategies for downside protection and dynamic asset allocation across convertibles, equities, and income-producing securities.
Virtus Diversified Income & Convertible Fund Announces Distributions
Monthly Distributions Announced: Virtus Diversified Income & Convertible Fund has announced monthly distributions of $0.18 for July and August 2025, with details on the sources indicating that a portion may be a return of capital rather than income or gains.
Fund Overview and Risks: The fund aims to provide total return through income and capital appreciation while managing risks associated with investments in convertibles, equities, and income-producing securities, and it is subject to potential principal loss.
Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
Annual Meeting Results: The Virtus funds held a joint annual meeting on June 2, 2025, where shareholder voting results showed strong support for various board members across multiple funds, with most receiving over 90% approval.
About the Funds: Virtus Investment Advisers manages several closed-end funds focused on generating income through diversified strategies in various asset classes, while highlighting the risks associated with investing in these funds.
Virtus Diversified Income & Convertible Fund announces a dividend of $0.384
Special Dividend Declaration: Virtus Diversified Income & Convertible Fund (ACV) has declared a special dividend of $0.384 per share, payable on January 9, with a record date of December 29 and an ex-dividend date also on December 29.
Regular Dividend Announcement: In addition to the special dividend, ACV has also declared a regular dividend of $0.18 per share.
Investment Insights: The fund is highlighted as a potentially better option for inflation protection compared to ordinary bond funds.
Performance Metrics: Information regarding ACV's dividend scorecard, yield chart, and growth metrics is available for investors seeking detailed performance insights.
Virtus Diversified Income & Convertible Fund announces $0.18 dividend payout
Dividend Declaration: Virtus Diversified Income & Convertible Fund (ACV) has declared a monthly dividend of $0.18 per share, consistent with previous payments.
Payment Schedule: The dividend is payable on December 30, January 29, and February 26, with respective record dates of December 11, January 12, and February 12.
Forward Yield: The fund offers a forward yield of 8.23%, indicating its potential return for investors.
Redemption Announcement: The fund has also announced the redemption of class A mandatory redeemable preferred shares, alongside a dividend scorecard and yield chart for further insights.
Virtus Diversified Income & Convertible Fund Declares Redemption of Class A Mandatory Redeemable Preferred Shares
Redemption Announcement: The Virtus Diversified Income & Convertible Fund announced the redemption of all 1,200,000 Class A Mandatory Redeemable Preferred Shares at a cash price of $25.00 per share, plus accrued dividends, effective on the mandatory redemption date of October 2, 2025.
Funding and Termination: The redemption will be funded through a master margin loan agreement with a commercial bank, and upon redemption, the Class A MRP Shares will cease and terminate.
Four Virtus Closed-End Funds Appoint New Portfolio Manager
New Portfolio Manager Announcement: Voya Investment Management has appointed K. Mathew Axline as a portfolio manager for several funds, including the Virtus Convertible & Income Fund and Virtus Diversified Income & Convertible Fund, bringing over 25 years of investment experience to the role.
Fund Objectives and Structure: The funds managed by Voya aim to provide total returns through capital appreciation and high current income, with specific strategies for downside protection and dynamic asset allocation across convertibles, equities, and income-producing securities.
Virtus Diversified Income & Convertible Fund Announces Distributions
Monthly Distributions Announced: Virtus Diversified Income & Convertible Fund has announced monthly distributions of $0.18 for July and August 2025, with details on the sources indicating that a portion may be a return of capital rather than income or gains.
Fund Overview and Risks: The fund aims to provide total return through income and capital appreciation while managing risks associated with investments in convertibles, equities, and income-producing securities, and it is subject to potential principal loss.
Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
Annual Meeting Results: The Virtus funds held a joint annual meeting on June 2, 2025, where shareholder voting results showed strong support for various board members across multiple funds, with most receiving over 90% approval.
About the Funds: Virtus Investment Advisers manages several closed-end funds focused on generating income through diversified strategies in various asset classes, while highlighting the risks associated with investing in these funds.
