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Virtus Investment Partners, Inc. - VRTS STOCK NEWS

Welcome to our dedicated page for Virtus Investment Partners news (Ticker: VRTS), a resource for investors and traders seeking the latest updates and insights on Virtus Investment Partners stock.

Virtus Investment Partners, Inc. (Nasdaq: VRTS) is a premier investment management firm dedicated to providing high-quality investment products and services to both individuals and institutions. Known for its integrity, quality, and strength, the company operates on a multi-manager model that encompasses several affiliated managers, each with distinct investment styles and autonomous processes. This structure allows Virtus to offer a wide array of investment options, including open-end mutual funds, closed-end funds, exchange-traded funds (ETFs), and variable insurance funds.

The company's core business revolves around generating revenue through investment management fees, distribution and service fees, and administration and shareholder service fees. Headquartered in the United States, Virtus serves clients nationwide, building lasting partnerships and ensuring their success as investors. The firm places a strong emphasis on client responsibility and is committed to delivering exceptional value.

Recent Achievements and Current Projects:

  • Virtus has expanded its suite of investment products to include more ESG (Environmental, Social, and Governance) focused funds, reflecting a growing investor demand for responsible and sustainable investing options.
  • The firm has also undertaken significant digital transformation projects aimed at enhancing the client experience through cutting-edge technology and user-friendly platforms.

Financial Condition:

Virtus Investment Partners has shown robust financial performance, evidenced by consistent growth in assets under management (AUM) and a strong balance sheet. The company’s revenue streams are well-diversified, providing a stable financial foundation and resilience against market fluctuations.

Partnerships:

The company collaborates with a variety of financial institutions and advisory firms to broaden its reach and improve service offerings. These partnerships enable Virtus to deliver specialized investment solutions and maintain a competitive edge in the asset management industry.

Virtus Investment Partners continues to adapt to market trends and economic conditions, ensuring that they remain a trusted partner for investors seeking comprehensive investment strategies and superior portfolio management.

For important disclaimers and more information, please visit Virtus Social Media Guidelines.

News

Virtus Global Multi-Sector Income Fund Announces Distributions

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Virtus Global Multi-Sector Income Fund (NYSE: VGI) announces monthly distributions of $0.08 for December 8, 2023, January 11, 2024, and February 9, 2024. The distributions are estimates and not for tax reporting. Actual amounts and sources for tax purposes depend on the Fund’s investment experience and may change based on tax regulations.
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Virtus Equity & Convertible Income Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

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Virtus Equity & Convertible Income Fund (NYSE: NIE) announces a quarterly distribution of $0.50 per share, with an ex-date of December 8, 2023, a record date of December 11, 2023, and a payable date of December 22, 2023. The Fund aims to maintain a consistent distribution level from net investment income and realized capital gains. However, if the aggregate income and gains are less than the distribution level, the shortfall will be distributed from the Fund's assets, constituting a return of the shareholder's capital.
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Virtus Stone Harbor Emerging Markets Income Fund Announces Distributions and Provides Update on Reorganization

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Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announces monthly distributions and reorganization with Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI). The monthly distributions, estimated at $0.06 per share, will be paid on December 19, 2023, January 30, 2024, and February 28, 2024. The reorganization with EDI is scheduled for December 15, 2023, retaining the EDF ticker symbol and cusip 86164T107.
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Virtus Stone Harbor Emerging Markets Total Income Fund Provides Update on Reorganization and Announces Monthly Distribution

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Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) has announced its reorganization with and into Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF), scheduled for December 15, 2023. The reorganization was delayed due to regulatory approval related to the transfer or sale of certain foreign assets, which has now been resolved. Additionally, EDI announced a monthly distribution of $0.07, with the board discontinuing the dividend reinvestment program in advance of the last monthly distribution before the reorganization. The fund intends to distribute the greater of $0.07 per share or all available net investment income and net short- and long-term capital gains before the reorganization date, with any supplemental distribution to be announced on December 5, 2023.
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Virtus Artificial Intelligence & Technology Opportunities Fund Announces Distributions and Discloses Sources of Distribution - Section 19(a) Notice

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Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announces monthly distributions and details of its Managed Distribution Plan, ensuring consistent distribution levels for shareholders.
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Virtus Diversified Income & Convertible Fund Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice

Rhea-AI Summary
Virtus Diversified Income & Convertible Fund (NYSE: ACV) announced monthly distributions of $0.18 for December 8, 2023, January 11, 2024, and February 9, 2024. The Fund aims to maintain a consistent distribution level from net investment income and realized capital gains under its Managed Distribution Plan.
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Virtus Investment Partners Names Andra Purkalitis Executive Vice President and Chief Legal Officer

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Virtus Investment Partners (NASDAQ: VRTS) announced Andra Purkalitis as the new executive vice president, chief legal officer, general counsel, and corporate secretary. With over 30 years of legal and regulatory experience in asset management, she will lead the legal, regulatory, and compliance functions, offering counsel to the company's Board of Directors. Purkalitis has a deep understanding of the complexities of the asset management industry, having held key roles at Affinius Capital, Russell Investments, Aviva Investors Americas, and Old Mutual Capital. She also has a background as an enforcement attorney for the U.S. Securities and Exchange Commission and as a prosecution expert witness in criminal securities fraud cases. Purkalitis holds a J.D. from the University of Denver College of Law and a B.A. in political science from the University of Nebraska.
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Viatris and Theravance Biopharma Announce Positive Top-Line Results from YUPELRI® (revefenacin) Phase III Trial in China for the Treatment of Chronic Obstructive Pulmonary Disease (COPD)

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Viatris Inc. (NASDAQ: VTRS) and Theravance Biopharma, Inc. (NASDAQ: TBPH) announce positive results from the YUPELRI Phase III clinical trial in China, demonstrating efficacy and safety for COPD patients. Top-line results show a statistically significant increase in trough FEV1 versus placebo, supporting a regulatory filing in China in mid-2024.
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Virtus Investment Partners Reports Preliminary October 31, 2023 Assets Under Management

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Virtus Investment Partners, Inc. (NASDAQ: VRTS) reported preliminary assets under management of $155.8 billion as of October 31, 2023. The company also provided services to $2.4 billion of other fee-earning assets. The breakdown by product type shows a decrease in assets under management from September 30, 2023, to October 31, 2023, with open-end funds, closed-end funds, retail separate accounts, and institutional accounts all experiencing declines.
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Virtus Investment Partners Announces Financial Results for Third Quarter 2023

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Virtus Investment Partners reports financial results for Q3 2023, with diluted EPS of $4.19 and adjusted diluted EPS of $6.21. Total sales decline to $5.8B and net flows are ($1.5B). Assets under management decrease to $162.5B.
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FAQ

What is the current stock price of Virtus Investment Partners (VRTS)?

The current stock price of Virtus Investment Partners (VRTS) is $223.5 as of December 24, 2024.

What is the market cap of Virtus Investment Partners (VRTS)?

The market cap of Virtus Investment Partners (VRTS) is approximately 1.6B.

What does Virtus Investment Partners, Inc. specialize in?

Virtus Investment Partners specializes in providing investment management products and services, including mutual funds, ETFs, and variable insurance funds.

How does Virtus Investment Partners generate revenue?

The company generates revenue through investment management fees, distribution and service fees, and administration and shareholder service fees.

What is the business model of Virtus Investment Partners?

Virtus operates a multi-manager asset management business, comprising several affiliated managers with distinct investment styles and autonomous processes.

Where is Virtus Investment Partners headquartered?

The company is headquartered in the United States and serves clients nationwide.

What recent achievements has Virtus Investment Partners accomplished?

Virtus has expanded its investment products to include more ESG-focused funds and has enhanced client experience through significant digital transformation projects.

How does Virtus Investment Partners ensure client success?

Virtus places a strong emphasis on client responsibility and is dedicated to delivering exceptional value and comprehensive investment strategies.

What is the financial condition of Virtus Investment Partners?

Virtus shows robust financial performance with consistent growth in assets under management (AUM) and a strong balance sheet.

Who are the partners of Virtus Investment Partners?

Virtus collaborates with various financial institutions and advisory firms to broaden its reach and improve service offerings.

What types of investment products does Virtus offer?

Virtus offers a wide range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds (ETFs), and variable insurance funds.

Where can I find more information about Virtus Investment Partners?

For more information, including important disclaimers, visit Virtus' social media guidelines page at https://www.virtus.com/social-media-guidelines.

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Virtus Investment Partners, Inc.

NYSE:VRTS

VRTS Rankings

#2168 Ranked by Market Cap
#778 Ranked by Dividends

VRTS Stock Data

1.57B
6.59M
6.12%
83.58%
0.99%
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