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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.
For important disclaimers and more information, please visit Virtus Social Media Guidelines.
The Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) announced a monthly distribution of $0.15, with an ex-date of April 8, 2022, a record date of April 11, 2022, and a payable date of May 2, 2022. The distribution may derive from net investment income and realized capital gains. If these are insufficient, the shortfall will be sourced from the Fund's assets, potentially indicating a return of capital. For fiscal year-to-date, the annualized distribution rate is 7.53%, and the cumulative total return on NAV is 0.06%. Performance figures are based on NAV and not market price.
Virtus AllianzGI Diversified Income & Convertible Fund (NYSE: ACV) announced a monthly distribution of $0.18, with an ex-date of April 8, 2022, record date of April 11, 2022, and payable date of May 2, 2022. Under its Managed Distribution Plan, the fund aims to maintain consistent distribution levels funded by net investment income and realized capital gains. However, if earnings fall short, it will draw from assets, impacting shareholder capital. For April 2022, 100% of the distribution comes from net realized short-term capital gains.
Virtus Investment Partners (NASDAQ: VRTS) will release its financial results for Q1 2022 before market opening on April 29, 2022. Following the announcement, a conference call will take place at 10:00 a.m. Eastern, hosted by CEO George R. Aylward and CFO Michael A. Angerthal. Investors can access the call via a webcast or by telephone. A replay will be available until May 6, 2022. The company is known for its multi-manager asset management business, providing diverse investment solutions.
Virtus Investment Partners (NASDAQ: VRTS) announced preliminary assets under management of $183.3 billion as of March 31, 2022, showing a decline from $187.2 billion on December 31, 2021. This decrease is attributed to market depreciation and net outflows in open-end funds, partially offset by a $14.7 billion asset addition from the acquisition of Stone Harbor Investment Partners and positive net flows in institutional and retail separate accounts. Additionally, the company managed $3.5 billion in other fee-earning assets.
Stone Harbor Emerging Markets Income Fund (EDF) announced the removal of its managed distribution plan, effective May 2022, while maintaining a monthly distribution of $0.06 per share. This decision aims to lower fund expenses as the plan is deemed unnecessary. The current distribution rate yields an annualized return of 10.94% based on market price and 12.86% based on net asset value. Effective April 11, 2022, the Fund will trade under the name Virtus Stone Harbor Emerging Markets Income Fund. The share price stands at $6.58, with a net asset value of $5.60.
Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) will eliminate its managed distribution plan effective May 2022, citing that it is unnecessary at this time. The Fund will maintain its distribution rate at $0.07 per share, reflecting an annualized distribution rate of 11.60% based on the current share price of $7.24. The Fund will commence trading under the name Virtus Stone Harbor Emerging Markets Total Income Fund on April 11, 2022. Additionally, it notes that some distributions may represent a return of capital.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08, effective April 8, 2022. This distribution, part of its Managed Distribution Plan, may include net investment income, realized capital gains, or a return of capital. Shareholders are warned that distributions may exceed the Fund's income, resulting in capital returns. For March 2022, the Fund reported a 10.38% current fiscal YTD annualized distribution rate and a 7.44% cumulative total return on NAV.
On March 22, 2022, Stone Harbor Emerging Markets Total Income Fund (EDI) and Stone Harbor Emerging Markets Income Fund (EDF) announced the election of a new Board of Trustees and the approval of new investment advisory agreements. Shareholders approved a slate of 12 trustees and new advisory agreements on February 17, 2022. Effective April 8, 2022, the new trustees will take office, and on April 11, 2022, the funds will change their names to Virtus Stone Harbor Emerging Markets Total Income Fund and Virtus Stone Harbor Emerging Markets Income Fund. The funds' investment objectives will remain unchanged.
On March 16, 2022, Virtus AllianzGI Diversified Income & Convertible Fund (NYSE: ACV) announced a monthly distribution of $0.18 per share, with an ex-date of March 10 and a payable date of April 1. The Fund's Managed Distribution Plan aims for consistent distribution levels, which may include net investment income and realized capital gains. Notably, if the Fund's income falls short, distributions may come from shareholder capital. The estimated sources of March 2022 distributions indicate zero net investment income, highlighting reliance on capital gains.
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced a monthly distribution of $0.15, with an ex-date of March 10, 2022, record date of March 11, 2022, and payable date of April 1, 2022.
Under its Managed Distribution Plan, the fund's distributions may come from net investment income, realized capital gains, or fund assets, which could represent a return of capital. The fund's fiscal year started February 1, 2022, with a fiscal YTD cumulative total return on NAV at -1.64% and a current fiscal YTD annualized distribution rate of 7.61%.
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