Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 02 2025
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Source: Newsfilter
Distribution Announcement: Virtus Convertible & Income Fund has declared a cash distribution of $0.3515625 per share for Series A cumulative preferred shareholders, payable on June 30, 2025, to those recorded by June 12, 2025.
Fund Overview: The fund aims to provide total return through capital appreciation and high current income, with risks including potential loss of principal and fluctuations in share value relative to net asset value.
Analyst Views on VRTS
Wall Street analysts forecast VRTS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VRTS is 176.00 USD with a low forecast of 173.00 USD and a high forecast of 180.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
1 Hold
2 Sell
Moderate Sell
Current: 170.270
Low
173.00
Averages
176.00
High
180.00
Current: 170.270
Low
173.00
Averages
176.00
High
180.00
About VRTS
Virtus Investment Partners, Inc. provides investment management and related services to institutions and individuals. It offers investment strategies for institutional and individual investors in different investment products and through multiple distribution channels. It provides various asset classes (equity, fixed income, multi-asset and alternatives), geographies (domestic, global, international and emerging), market capitalizations (large, mid and small), styles (growth, core and value) and investment approaches (fundamental and quantitative). Its retail products include open-end funds, closed-end funds and retail separate accounts. Its institutional products are offered to a variety of institutional clients through institutional separate accounts and commingled accounts, including sub advisory services to other investment advisers and its sponsored structured products. Its institutional products are marketed through relationships with consultants as well as directly to clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
