Virtus Diversified Income & Convertible Fund Announces Distributions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2024
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Source: Newsfilter
Monthly Distributions Announced: Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced monthly distributions of $0.18 for September, October, and November 2024, with the potential for returns of capital if net investment income and realized gains are insufficient.
Fund Overview and Risks: The fund aims to provide total return through a mix of current income and capital appreciation, primarily investing in convertibles, equities, and income-producing securities, while also highlighting the risks associated with investing in closed-end funds.
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.
