Welcome to our dedicated page for Virtus Investmen news (Ticker: VRTS), a resource for investors and traders seeking the latest updates and insights on Virtus Investmen stock.
Virtus Investment Partners, Inc. (NYSE: VRTS) operates a multi-manager asset management business and regularly issues news and updates related to its investment platform, affiliated managers, and funds. This news page aggregates company announcements, fund notices, and regulatory disclosures that are relevant to investors following VRTS.
Virtus frequently reports on its preliminary assets under management and other fee-earning assets, broken down by product type and asset class. These updates describe trends across open-end funds, closed-end funds, retail separate accounts, institutional accounts, and exchange-traded funds, as well as allocations to equity, fixed income, multi-asset, and alternatives strategies.
News items also cover developments at affiliated and advised closed-end funds, including Duff & Phelps Utility and Infrastructure Fund Inc., DNP Select Income Fund Inc., DTF Tax-Free Income 2028 Term Fund Inc., Virtus Total Return Fund Inc., Virtus Equity & Convertible Income Fund, Virtus Artificial Intelligence & Technology Opportunities Fund, and Virtus Diversified Income & Convertible Fund. These releases often include information on managed distribution plans, special year-end distributions, regular dividends, and Section 19(a) notices that explain the estimated sources of distributions among net investment income, realized capital gains, and return of capital.
Corporate announcements from Virtus may highlight strategic transactions, such as the acquisition of a minority interest in Crescent Cove Advisors, LP, which adds a private markets capability focused on lending to high-growth technology companies. Other disclosures include material definitive agreements, such as the Equity Purchase Agreement to acquire a majority interest in Keystone National Group, LLC, and credit agreements that provide term loans and revolving credit facilities.
By reviewing the news associated with VRTS, investors can monitor updates on assets under management, fund distribution policies, strategic investments in alternative and private markets, and financial and regulatory developments affecting Virtus’ multi-manager asset management platform.
Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced a legal entity transition where Virtus Investment Advisers, (VIA) will replace Virtus Alternative Investment Advisers, Inc. (VAIA) as the Fund's adviser, effective January 1, 2025. The transition involves transferring VAIA's rights and obligations under the investment advisory, subadvisory, and expense limitation agreements to VIA. Both entities are wholly owned indirect subsidiaries of Virtus Investment Partners. The change maintains the same investment advisory fee rates, Fund's subadviser, and portfolio managers.
Virtus Equity & Convertible Income Fund (NYSE: NIE) has announced a quarterly distribution of $0.50 per share, payable on December 30, 2024. The fund's distribution sources for December 2024 consist entirely of net realized short-term capital gains. For the fiscal year-to-date, distributions include 69.1% from short-term gains, 6% from long-term gains, 1.7% from net investment income, and 23.2% return of capital.
The Fund's performance metrics show a 12.31% average annual total return on NAV for the 5-year period, with a current annualized distribution rate of 7.45%. The fiscal YTD cumulative total return on NAV stands at 19.68%.
Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced its monthly distribution of $0.18 per share, payable on December 30, 2024. The Fund's distribution analysis reveals that 100% of the December distribution comes from net realized short-term capital gains. For the fiscal year-to-date, 18.2% comes from short-term gains while 81.8% represents return of capital.
The Fund's performance metrics show a 13.20% average annual total return on NAV for the 5-year period, with a 24.50% fiscal YTD cumulative total return. The current annualized distribution rate stands at 9.04%, with a fiscal YTD cumulative distribution rate of 7.53%.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has announced its quarterly distribution of $0.305 per share, payable on December 30, 2024. The distribution sources include: 38.4% from net realized short-term capital gains, 15.4% from net realized long-term capital gains, and 46.2% from return of capital. The Fund's performance metrics show an 8.39% average annual total return on NAV for the 5-year period and an 8.01% annualized current distribution rate. The fiscal YTD cumulative total return on NAV stands at 13.69%, with a cumulative distribution rate of 7.68%.
Virtus Total Return Fund Inc. (NYSE: ZTR) has announced its monthly distribution of $0.05 per share, payable on December 30, 2024. The distribution breakdown shows that 29.9% ($0.015) comes from net investment income, while 70.1% ($0.035) represents return of capital. The Fund's performance metrics indicate a 5.25% average annual total return on NAV for the 5-year period and an 8.57% annualized current distribution rate. The Fund's fiscal YTD cumulative total return on NAV stands at 24.24%. Under its Managed Distribution Plan, the Fund aims to maintain consistent distribution levels, though shareholders should note that when aggregate net investment income and realized capital gains are less than the distribution amount, the difference will constitute a return of capital.
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.
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