Virtus Investmen Stock Price, News & Analysis

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced its monthly distribution of $0.15 per share, payable on December 30, 2024. The Fund's distribution sources for December 2024 comprise 100% from Net Realized Short-Term Capital Gains. For the fiscal year-to-date, distributions include 0.4% from Net Investment Income, 45.3% from Short-Term Capital Gains, 45.4% from Long-Term Capital Gains, and 8.9% from Return of Capital.

The Fund's performance metrics show a 14.22% average annual total return on NAV for the 5-year period, a 7.66% annualized current distribution rate, and a 22.11% fiscal YTD cumulative total return on NAV. The fiscal YTD cumulative distribution rate stands at 6.38%.

Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has announced monthly dividend payments of $0.07 per share for January, February, and March 2025, payable on February 10, March 10, and April 10, respectively. The fund operates under a Managed Distribution Plan, distributing available investment income and, if necessary, realized capital gains or return of capital to maintain the monthly distribution level.

For November 2024, the distribution sources were: 52.8% from net investment income, 34.3% from short-term capital gains, and 12.9% from long-term capital gains. The fund's 5-year average annual return on NAV is 8.24%, with a current annualized distribution rate of 6.02% of NAV. The fiscal year's cumulative total return on NAV stands at 9.65%.

Virtus Investment Partners (NYSE: VRTS) has announced a quarterly cash dividend of $2.25 per common share for the fourth quarter of 2024. The dividend will be paid on February 12, 2025 to shareholders of record as of January 31, 2025. The company's Board of Directors will continue to evaluate and approve future dividend declarations.

Virtus Investment Partners (NYSE: VRTS) has appointed John C. Weisenseel to its Board of Directors and Audit Committee. Weisenseel, 64, brings over 20 years of senior financial leadership experience, having retired as SVP and CFO of AllianceBernstein LP, where he managed global finance activities and served on the executive Operating Committee. Prior roles include leadership positions at McGraw Hill, Standard & Poor's, Barnes & Noble, and Citigroup. Currently, he serves as Executive-in-Residence at Lipscomb University's College of Business and holds board positions with Nashville Zoo and other organizations. He holds a BBA in Accounting from Adelphi University and an MBA from the University of Texas at Austin.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced a portfolio management change. David A. Oliver, CFA, will step down as portfolio manager effective December 31, 2024. The fund will continue to be managed by the remaining portfolio managers: Jim Craige, CFA (co-chief investment officer and head of emerging markets), Darin Batchman, Richard Lange, and Stuart Sclater-Booth.

Virtus Investment Partners (NYSE: VRTS) reported preliminary assets under management (AUM) of $186.8 billion and other fee earning assets of $2.4 billion, totaling $189.1 billion in client assets as of November 30, 2024. The increase from October 31, 2024 was driven by market performance and positive net flows in retail separate accounts, despite net outflows in open-end funds and institutional accounts.

The company's AUM breakdown shows: Equity ($110.2B), Fixed Income ($38.4B), Multi-Asset ($22.2B), and Alternatives ($15.9B). By product type: Open-End Funds ($58.9B), Closed-End Funds ($10.8B), Retail Separate Accounts ($52.3B), and Institutional Accounts ($64.8B). Preliminary average AUM for the month was $182.9 billion.

Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) announced its monthly distribution of $0.07 per share, payable December 10, 2024. The November 2024 distribution sources include: 52.8% from net investment income, 34.3% from short-term capital gains, and 12.9% from long-term capital gains.

The Fund's performance metrics show a 5.38% average annual total return on NAV for the past 5 years, with a 39.57% cumulative total return for the fiscal year. The current annualized distribution rate is 6.56% of NAV, while cumulative fiscal year distributions represent 7.11% of NAV.

Virtus Investment Partners (NYSE: VRTS) has launched the Virtus Seix AAA Private Credit CLO ETF (NYSE Arca: PCLO), the first ETF focusing on private credit collateralized loan obligations. The actively managed ETF primarily invests in AAA-rated private credit CLOs, aiming to provide higher income and lower volatility compared to traditional fixed income investments.

The fund is managed by Seix Investment Advisors' John Wu and George Goudelias, leveraging Seix's extensive CLO experience, including management of 10 CLOs with approximately $3.4 billion in assets. This launch expands Virtus ETF Solutions' portfolio, which currently manages $2.6 billion in assets across 20 ETFs as of September 30, 2024.

Virtus Convertible & Income Fund II (NYSE: NCZ) has declared a quarterly cash distribution of $0.34375 per share for its Series A Cumulative Preferred Shares. The distribution is payable on December 31, 2024, to shareholders of record as of December 12, 2024. The preferred shares, trading under NCZ PR A, are rated 'A' by Fitch Ratings with an annual dividend rate of $1.375 per share. Originally issued at $25.00 per share in September 2018, the 4,360,000 preferred shares are now callable at the liquidation value of $25.00 plus accrued dividends.