Virtus Investment Partners, Inc. - VRTS STOCK NEWS

Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) has announced monthly distributions of $0.07 per share for three consecutive months, starting December 2022 through February 2023. The ex-dates for the distributions are December 12, January 6, and February 10, with record dates following shortly after. The payable dates are set for December 23, January 20, and February 24, respectively. The press release emphasizes that these amounts are estimates and subject to changes based on the fund's fiscal performance and tax regulations.

Virtus Global Multi-Sector Income Fund (NYSE: VGI) has announced monthly distributions of $0.08 per share for December 2022, January 2023, and February 2023. The ex-dates for these distributions are December 9, 2022, January 5, 2023, and February 10, 2023, with record dates following shortly after. The distributions are estimates and the actual amounts may vary based on the Fund’s investment performance. Investors will receive a Form 1099-DIV for tax reporting purposes. The Fund aims to maximize current income while preserving capital through diversified holdings in fixed-income sectors.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced monthly distributions of $0.06 per share for December 2022, January 2023, and February 2023. The relevant ex-dates, record dates, and payable dates are provided. These amounts are estimates for informational purposes and may change due to the Fund's investment performance and tax regulations. The Fund aims to maximize total return through emerging markets securities. Investors are cautioned that distributions may differ from their actual tax reporting amounts.

Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions of $0.08 for December 2022, January 2023, and February 2023. The fund operates under a Managed Distribution Plan, potentially distributing amounts from net investment income, capital gains, or Fund assets. Notably, the Fund has indicated distributions may include a return of capital, implying that some returns may not reflect investment performance. For October 2022, the average annual total return on NAV over five years stood at 0.91%, with a fiscal year-to-date annualized distribution rate of 13.81%.

Virtus Investment Partners reported preliminary assets under management of $149.5 billion as of October 31, 2022, an increase from $144.97 billion in September 2022. The company also manages additional fee-earning assets totaling $2.5 billion. Breakdown by product type reveals open-end funds at $55.39 billion, closed-end funds at $10.46 billion, retail separate accounts at $35.23 billion, and institutional accounts at $48.42 billion, indicating overall growth in managed assets.

Virtus Investment Partners reported Q3 2022 earnings with diluted EPS of $4.25, down 42% year-over-year. Total sales declined 25% to $5.7B, while net outflows reached $3.3B, impacting assets under management, which fell 18% to $145B. Operating income decreased 53% to $44M amidst rising operating expenses, which saw a 5% increase. The company announced an agreement to acquire AlphaSimplex, anticipated to finalize in Q1 2023, potentially enhancing their alternative investment offerings.

Virtus Investment Partners (NASDAQ: VRTS) announced the acquisition of AlphaSimplex Group, LLC, a leading manager of liquid alternative investment solutions, with $10.9 billion in assets under management. This strategic move aims to enhance Virtus's offerings in alternative investment strategies, ensuring continuity for AlphaSimplex’s clients and investment processes. The deal is expected to close by the end of Q1 2023, subject to regulatory approvals. With this acquisition, Virtus will leverage AlphaSimplex’s expertise while maintaining its autonomous operations.

Virtus Investment Partners (NASDAQ: VRTS) announced plans to release its third quarter 2022 financial results on October 26, 2022, prior to market opening. The report will be followed by a conference call hosted by CEO George R. Aylward and CFO Michael A. Angerthal at 10:00 a.m. Eastern. The accompanying presentation will be accessible on the company's website. A replay of the call will be available for a year under the Investor Relations section.

Virtus operates a multi-manager asset management business focused on long-term success for investors.

Virtus Investment Partners reported preliminary assets under management of $145.0 billion as of September 30, 2022, reflecting a decrease from June 30, 2022 due to market depreciation and net outflows in various accounts, partially offset by positive net flows in closed-end funds. The company also managed an additional $2.5 billion in other fee-earning assets not included in the total. The breakdown shows open-end funds at $54.5 billion, closed-end funds at $10.1 billion, retail separate accounts at $33.4 billion, and institutional accounts at $47.0 billion.