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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.
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The Board of Directors of Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has authorized a dividend payment of 35 cents per share. This dividend is part of a managed distribution plan established in 2015, ensuring consistent disbursement of investment income. Key dates include ex-date: December 14, 2022, record date: December 15, 2022, and payable date: December 30, 2022. The Fund's September 2022 distribution included $0.015 from net investment income and $0.335 as a return of capital, reflecting a commitment to maintain its current distribution level.
Virtus Investment Partners reported preliminary assets under management of $157.8 billion as of August 31, 2022. This includes an additional $2.9 billion of other fee-earning assets not listed in the asset figures. The breakdown shows various categories: Open-End Funds at $59.9 billion, Closed-End Funds at $11.0 billion, Retail Separate Accounts at $36.1 billion, and Institutional Accounts at $50.8 billion. Comparatively, total assets were $162.9 billion at the end of July 2022, suggesting a decrease in overall assets.
Virtus Stone Harbor Emerging Markets Total Income Fund (EDI) announced its monthly distributions for September, October, and November 2022. Each month will have a distribution of $0.07. The ex-dates are September 12, October 7, and November 7, with record dates on September 13, October 11, and November 8, respectively. The payable dates are September 23, October 21, and November 18. The actual distribution amounts for tax purposes will depend on the Fund's future investment experience. The Fund aims to maximize total return through investments in emerging market securities.
Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) has announced monthly distributions of $0.06 per share for three upcoming dates: September 23, October 21, and November 18, 2022. The ex-dates for these distributions are September 12, October 7, and November 7, 2022, respectively. Distributions are estimates and subject to change based on the Fund's investment performance and tax regulations. The Fund aims to maximize total returns through investments in emerging market securities, but there is no assurance it will achieve this objective.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions of $0.08 per share for September, October, and November 2022. The fund's Managed Distribution Plan aims to consistently provide distributions, which may include returns of capital if income and capital gains are insufficient. The August 2022 distribution breakdown shows just 4.3% from net investment income, with 95.7% from long-term capital gains. The fund's current fiscal year-to-date annualized distribution rate is 11.82%, while cumulative total return on NAV is -1.04%.
Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) announced monthly distributions of $0.07 for September, October, and November 2022. Key dates for these distributions include an ex-date on September 12, 2022, record dates on September 13, October 11, and November 8, and payable dates on September 23, October 21, and November 18, 2022. The actual amounts and sources of distributions are estimates and may change based on the Fund's performance and tax regulations. The Fund primarily aims to maximize total return from investments in emerging markets securities.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced monthly distributions of $0.08 each for September, October, and November 2022. The ex-dates are September 9, October 12, and November 10, while the record dates are September 12, October 13, and November 14, and the payable dates are September 19, October 20, and November 21, 2022. These amounts are estimates and subject to change based on the Fund's performance during the fiscal year. Investors will receive a Form 1099-DIV detailing taxable distributions.
Virtus Investment Partners (NASDAQ: VRTS) announced a 10% increase in its quarterly dividend, rising from $1.50 to $1.65 per share. This marks the company's fifth consecutive annual dividend increase. The dividend will be paid on November 15, 2022 to shareholders of record by October 31, 2022. CEO George R. Aylward highlighted the company's strong balance sheet and cash flow generation as reasons for this increase, reiterating their commitment to shareholder value through capital management.
Virtus Investment Partners (NASDAQ: VRTS) reported preliminary assets under management of $163.0 billion as of July 31, 2022. This figure includes $3.1 billion in other fee-earning assets not accounted for in total AUM. The company's assets by product type indicate growth in open-end funds to $62.071 billion from $59.479 billion in June 2022, and institutional accounts increased to $52.430 billion from $50.048 billion. Overall, the preliminary total AUM rose significantly from $155.420 billion reported the prior month.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 on August 3, 2022, with an ex-date of August 10, a record date of August 11, and a payable date of August 18. Under its Managed Distribution Plan, the Fund aims for consistent distributions, partially funded by net investment income and capital gains. Notably, a portion of this distribution may stem from a return of capital, indicating that investors may receive part of their initial investment back rather than profits. Key metrics include a current fiscal year-to-date distribution rate of 11.33%.
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