Virtus Investmen (VRTS) Stock News

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 (NCZ PR A), payable on June 30, 2025, to shareholders of record as of June 12, 2025. The Series A Preferred Shares, rated "A" by Fitch Ratings, carry an annual dividend rate of $1.375 per share. Originally issued on September 11, 2018, at $25.00 per share, these 4,360,000 preferred shares are now callable at any time at their liquidation value of $25.00 per share plus accrued dividends. This distribution covers the period from April 1, 2025, through June 30, 2025.

Virtus Convertible & Income Fund (NYSE: NCV) has declared a quarterly cash distribution of $0.3515625 per share for its Series A Cumulative Preferred Shares (NCV PR A). The distribution will be paid on June 30, 2025, to shareholders of record as of June 12, 2025. The Series A Preferred Shares, rated 'A' by Fitch Ratings, were initially issued on September 20, 2018, at $25.00 per share with an annual dividend rate of $1.40625. The distribution covers the period from April 1, 2025, through June 30, 2025. The 4,000,000 Series A Cumulative Preferred Shares are currently callable at their liquidation value of $25.00 per share plus accrued dividends.

Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has announced a significant capital restructuring of its preferred shares. The company redeemed 1.4 million Series C Floating Rate Mandatory Redeemable Preferred Shares at $25.00 per share plus accumulated dividends. To fund this redemption, DPG issued 1 million Series D MRP Shares at $25.00 per share and borrowed $10 million from its existing credit facility. The new Series D shares, maturing on May 29, 2030, feature a floating rate based on three-month SOFR plus 2.00% with quarterly dividend payments. This restructuring represents a strategic move by Duff & Phelps to optimize DPG's leverage management.

Virtus Total Return Fund Inc. (NYSE: ZTR) has appointed Benjamin Caron, CFA, as a new portfolio manager. Caron, a senior managing director at Newfleet Asset Management with over 25 years of industry experience, joins the Fund's management team alongside David L. Albrycht, Steven Wittwer, and Rodney Clayton. He will also manage GF Multi-Sector Income, Multi-Sector Intermediate Bond, and Multi-Sector Intermediate Bond Series funds. Caron is part of Newfleet's multi-sector portfolio management team, overseeing various fixed income funds, ETFs, and offshore vehicles. Concurrent with this appointment, Connie Luecke, CFA, from Duff & Phelps will step down from her role as portfolio manager but continues managing the DNP Select Income Fund Inc.

Virtus Total Return Fund Inc. (NYSE: ZTR) has announced its monthly distribution of $0.05 per share, payable on May 29, 2025. The Fund's distribution sources reveal that 63.4% comes from return of capital, while 36.6% is from net realized long-term capital gains for May 2025. Year-to-date, 55.5% of distributions represent return of capital. The Fund's performance metrics show an average annual total return of 9.17% on NAV for the 5-year period and an annualized current distribution rate of 8.72%. The fiscal YTD cumulative total return on NAV stands at 2.48%, with a cumulative distribution rate of 3.63%.

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced its monthly distribution of $0.15 per share, payable on May 29, 2025. The distribution sources include 93.5% from net realized long-term capital gains and 6.5% from net investment income for April 2025. The Fund's performance metrics show an average annual total return of 12.30% on NAV for the 5-year period, with an annualized distribution rate of 8.68%. However, the Fund's fiscal YTD performance shows a decline of 9.92% in NAV, with a cumulative distribution rate of 2.17%. The Fund maintains a Managed Distribution Plan to provide consistent distributions to shareholders.

Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced its monthly distribution of $0.18 per share, payable on May 29, 2025. The distribution analysis reveals that 100% of the May distribution represents a return of capital. For the fiscal year-to-date, the distribution sources are: 71.4% return of capital, 18.9% net realized long-term capital gains, 8% net realized short-term capital gains, and 1.7% net investment income. The Fund's performance metrics show an average annual total return on NAV of 11.95% for the 5-year period, with a current annualized distribution rate of 10.38%. However, the fiscal YTD shows a negative cumulative total return of -8.38% and a cumulative distribution rate of 2.59%.

Virtus Investment Partners (NYSE: VRTS) has announced a quarterly cash dividend of $2.25 per common share for Q2 2025. The dividend will be distributed on August 15, 2025 to shareholders recorded as of July 31, 2025. The company, which operates a multi-boutique asset management business, notes that future dividend declarations will require Board of Directors approval.

Virtus Investment Partners (NYSE: VRTS) reported preliminary assets under management (AUM) of $163.7 billion and other fee earning assets of $2.1 billion for total client assets of $165.8 billion as of April 30, 2025. The company experienced a decrease in AUM from March 31, 2025 ($167.5 billion) due to market performance and net outflows across multiple segments, though exchange-traded funds saw positive net flows.

The AUM breakdown shows: Equity at $91.1B, Fixed Income at $37.6B, Multi-Asset at $20.6B, and Alternatives at $14.4B. By product type, Institutional Accounts led with $55.5B, followed by Open-End Funds ($52.7B), Retail Separate Accounts ($45.3B), and Closed-End Funds ($10.2B).