Virtus Investment Partners, Inc. - VRTS STOCK NEWS

Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced monthly distributions of $0.08 for June, July, and August 2022. The ex-dates are June 10, July 8, and August 10, with record dates on June 13, July 11, and August 11, respectively. Distributions will be payable on June 21, July 18, and August 18, 2022. These amounts are estimates and may change based on the Fund's investment performance and tax regulations. Investors should refer to Form 1099-DIV for tax reporting. The Fund aims to maximize current income through diversified fixed-income investments.

On May 25, 2022, Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced monthly distributions of $0.06 per share for June, July, and August 2022. The ex-dates are June 6, July 11, and August 8, 2022, with record dates following a day later, and payable dates on June 17, July 22, and August 19, 2022, respectively. These distributions are estimates and will be confirmed for tax reporting purposes based on the Fund's investment performance. The Fund aims to maximize total return through investments in emerging markets.

Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) announced monthly distributions of $0.07 for June, July, and August 2022. The ex-dates are June 6, July 11, and August 8, with record dates following on June 7, July 12, and August 9, and payable dates on June 17, July 22, and August 19, respectively. The announced amounts are estimates and may vary for tax purposes based on the fund's investment performance and regulations. The fund aims to maximize total return through investments in emerging market securities.

Virtus Investment Partners (NASDAQ: VRTS) announced a quarterly cash dividend of $1.50 per share for Q2 2022, payable on August 15, 2022, to shareholders of record as of July 29, 2022. Additionally, the Board authorized the repurchase of 750,000 shares under its existing share buyback program, which allows for open market and private transactions. This initiative reflects the company's commitment to enhancing shareholder value through dividends and strategic stock repurchases.

On May 16, 2022, Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) announced a monthly distribution of $0.15 per share. The distribution is part of the Fund's Managed Distribution Plan, which may include returns of capital if net investment income and realized capital gains fall short. As of April 29, 2022, the Fund's 5-year average annual total return on NAV was 15.97%, while the current fiscal YTD annualized distribution rate stands at 8.41%. However, YTD cumulative total return on NAV is down 9.78%.

On May 16, 2022, Virtus AllianzGI Diversified Income & Convertible Fund (ACV) announced a monthly distribution of $0.18 per share, with an ex-date of May 11, 2022 and payable date of June 1, 2022. The fund aims to maintain a steady distribution level that may draw from net investment income and realized capital gains, posing a risk of capital return if income is insufficient. Performance metrics reveal a 14.21% average annual total return on NAV over five years, but a -9.84% cumulative total return year-to-date.

Virtus Investment Partners reported preliminary assets under management of $170.9 billion as of April 30, 2022. This figure marks a decline from $183.3 billion reported on March 31, 2022. Additionally, the company oversees $3.2 billion of other fee-earning assets not included in the total. The breakdown of assets shows that open-end funds accounted for $67.3 billion, while institutional accounts contributed $53.8 billion. This decrease in overall AUM may raise concerns among investors regarding the firm's ability to attract and retain capital.

The Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 on May 19, 2022. The ex-date is set for May 11, 2022, and the record date is May 12, 2022. Notably, the Fund's Managed Distribution Plan may involve distributions from net investment income or capital gains. However, excess distributions may return shareholder capital, not indicating Fund performance. The Fund has estimated that over 53.5% of distributions may be a return of capital for April 2022. Current fiscal year-to-date annualized distribution rate stands at 11.01%.

Virtus Investment Partners (NASDAQ: VRTS) reported Q1 2022 financial results, revealing total sales of $9.4B, a 16% increase from Q1 2021. However, net income fell 10% to $33.1M, while EPS decreased to $4.22. Total assets under management stood at $183.3B, down 2% from Q4 2021. Despite positive net flows in institutional and retail accounts, overall net flows were negative at ($2.0B) due to outflows from open-end funds. Adjusted EPS was $7.87, down 24% from the previous quarter.