Virtus Investment Partners, Inc. - VRTS STOCK NEWS

Virtus Total Return Fund Inc. (NYSE: ZTR) announced its monthly distributions of $0.08 per share for March, April, and May 2023. The ex-dates are March 10, April 12, and May 10, 2023, with payable dates on March 23, April 25, and May 23, 2023, respectively. Under its Managed Distribution Plan, the Fund aims for consistent distribution levels, which may include net investment income and realized capital gains, but may include returns of capital if income and gains are insufficient. The Fund estimates that it has distributed more than its income and gains, indicating potential returns of capital for shareholders.

Virtus Global Multi-Sector Income Fund (NYSE: VGI) has declared monthly distributions of $0.08 for March, April, and May 2023. The ex-dates for these distributions are March 10, April 12, and May 10, while the record dates are March 13, April 13, and May 11, with payable dates set for March 23, April 25, and May 23, respectively. These amounts are estimates and may change based on the Fund's investment performance and tax regulations. As a closed-end fund, VGI focuses on maximizing current income while preserving capital through diversified fixed-income investments, managed by Virtus Investment Advisers and Newfleet Asset Management.

Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) has announced monthly distributions of $0.07 for March, April, and May 2023. The ex-dates for these distributions are March 10, April 12, and May 10, 2023, while the corresponding record dates are March 13, April 13, and May 11, 2023. The pay dates are set for March 23, April 25, and May 23, 2023. These amounts are estimates and may change based on the Fund's investment performance and tax regulations. Investors should expect to receive a Form 1099-DIV for reporting purposes. The Fund aims to maximize total return through investments in emerging markets but carries inherent risks.

Virtus Investment Partners has declared a quarterly cash dividend of $1.65 per common share for Q1 2023. The dividend will be distributed on May 15, 2023, to shareholders on record by the close of business on April 28, 2023. The board's future dividend declarations will require approval. This announcement underscores Virtus's commitment to returning capital to its shareholders while maintaining a focus on long-term growth within its multi-boutique asset management model.

Virtus Investment Partners reported preliminary assets under management of $157.8 billion as of January 31, 2023. This figure represents a notable increase from $149.4 billion reported on December 31, 2022. Additionally, the company manages $2.6 billion of other fee-earning assets not included in this total. Breakdown by product type shows open-end funds increased to $55.996 billion, while closed-end funds grew to $10.683 billion. Retail separate accounts rose to $37.744 billion and institutional accounts reached $53.389 billion.

On February 3, 2023, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share. Key dates include an ex-date of February 10, record date of February 13, and payable date of February 24. According to the Fund’s Managed Distribution Plan, if net investment income and realized capital gains are insufficient, funds may be paid from shareholder capital, which could indicate a return of capital. The Fund reported that 82% of January's distribution was a return of capital. Additionally, the average annual total return on NAV over the past five years was 3.56%, with a current distribution rate of 12.90%.

On February 3, 2023, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a $0.08 monthly distribution under its Managed Distribution Plan, with an ex-date of February 10, a record date of February 13, and a payable date of February 24. The Fund notes that the distribution may include a return of capital if net investment income and realized capital gains are insufficient. In January 2023, net investment income was estimated at $0, while 82% of the distribution stemmed from a return of capital. The Fund's average annual total return on NAV over five years is 3.56%, with a current distribution rate of 12.90%.

Virtus Investment Partners, Inc. (NASDAQ: VRTS) reported financial results for the quarter ending December 31, 2022, revealing a 25% decline in revenues to $198.4 million compared to $266.3 million a year ago. Operating income fell 63% to $31.2 million, with a 15.7% operating margin. Net income decreased 29% to $35.4 million, resulting in diluted earnings per share of $4.77, down 24% from $6.29 in Q4 2021. The company's assets under management totaled $149.4 billion, reflecting a 20% decrease year-over-year, despite a quarterly increase from $145.0 billion. Net outflows were $3.4 billion, impacting overall financial health.

Virtus Investment Partners, Inc. (NASDAQ: VRTS) will release its financial results for Q4 2022 before the market opens on February 3, 2023. A conference call, hosted by CEO George R. Aylward and CFO Michael A. Angerthal, is scheduled for 10:00 a.m. Eastern to discuss these results. Investors can access the presentation via the Presentations section on virtus.com, with a replay available in the Investor Relations section for a year. Virtus is committed to the long-term success of its investors through a partnership of boutique investment managers.