Virtus Investment Partners, Inc. - VRTS STOCK NEWS

Virtus Total Return Fund (NYSE: ZTR) announced a monthly distribution of $0.05 per share, payable on October 30, 2024. The Fund's distribution analysis reveals that 100% of the October distribution comes from return of capital, with no contribution from investment income or capital gains. For the fiscal year-to-date, 96% of distributions were return of capital, while 4% came from net investment income. The Fund's performance metrics show a 5-year average annual return on NAV of 4.64%, an annualized distribution rate of 8.57%, and a fiscal YTD cumulative total return of 22.22%.

Virtus Investment Partners reported strong Q3 2024 financial results with diluted EPS of $5.71 and adjusted EPS of $6.92. Total assets under management reached $183.7 billion, up 6% from the previous quarter, driven by market performance and positive net flows in retail separate accounts, ETFs, and global funds. Total sales increased 7% to $6.6 billion with improvements across all product categories. Operating income grew 25% to $55.3 million, while operating margin expanded to 24.3%. The company maintained strong financial position with $195.5 million in cash and reduced gross debt to $241.8 million.

Virtus Investment Partners (NYSE: VRTS) has launched the Virtus KAR Mid-Cap ETF (NYSE: KMID), the first ETF strategy managed by Kayne Anderson Rudnick (KAR). The actively managed ETF focuses on 25-35 high-quality mid-cap stocks, chosen through KAR’s rigorous business-analyst approach to fundamental research. The goal is to achieve attractive, risk-adjusted long-term returns by investing in businesses with sustainable competitive advantages and above-average growth potential. Jon Christensen, CFA, and Craig Stone manage the ETF. Virtus’ multi-manager ETF platform now includes 19 actively managed and index-based ETFs, offering diverse asset classes.

Virtus Investment Partners, Inc. (NYSE: VRTS), a multi-boutique asset management company, has announced its plan to release third quarter 2024 financial results before the market opens on Friday, October 25, 2024. Following the release, the company will host a conference call and webcast at 10:00 a.m. Eastern for the investment community.

The call will be led by George R. Aylward, president and CEO, and Michael A. Angerthal, executive vice president and CFO. An accompanying presentation will be available in the Presentations section of virtus.com. For those unable to attend, a replay of the call will be accessible in the Investor Relations section for at least one year.

Virtus Investment Partners (NYSE: VRTS) reported preliminary assets under management (AUM) of $183.7 billion and other fee earning assets of $2.4 billion as of September 30, 2024. Total client assets reached $186.1 billion. The increase in AUM from June 30, 2024 was primarily due to market performance and positive net flows in retail separate accounts, partially offset by net outflows in institutional accounts and open-end funds.

Key AUM figures by product type as of September 30, 2024:

• Open-End Funds: $58.1 billion
• Closed-End Funds: $10.4 billion
• Retail Separate Accounts: $50.6 billion
• Institutional Accounts: $64.6 billion

AUM by asset class:

• Equity: $106.8 billion
• Fixed Income: $39.0 billion
• Multi-Asset: $21.6 billion
• Alternatives: $16.3 billion

The preliminary average AUM for the quarter was $176.0 billion.

Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced a monthly distribution of $0.18 per share, payable on September 26, 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. However, the current distribution is estimated to be 100% return of capital, as the fund has distributed more than its income and capital gains.

Key performance metrics for ACV include:

• 5-year Average Annual Total Return on NAV: 11.89%
• Annualized Current Distribution Rate: 9.85%
• Fiscal YTD Cumulative Total Return on NAV: 11.47%
• Fiscal YTD Cumulative Distribution Rate: 5.75%

Shareholders are advised that this distribution may not reflect the fund's actual investment performance and should not be confused with 'yield' or 'income'.

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced its monthly distribution of $0.15 per share, payable on September 26, 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. For September 2024, the distribution sources are estimated as follows:

• 3.9% from Net Realized Short-Term Capital Gains
• 96.1% from Net Realized Long-Term Capital Gains

The fund's fiscal year-to-date distribution includes 12.2% return of capital. AIO's 5-year average annual total return on NAV is 13.40%, with an annualized current distribution rate of 8.18%. The fiscal YTD cumulative total return on NAV is 12.06%, with a cumulative distribution rate of 4.77%.

Virtus Total Return Fund Inc. (NYSE: ZTR) has announced a monthly distribution of $0.05 per share, payable on September 26, 2024. The Fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. However, the Fund estimates that it has distributed more than its income and capital gains, indicating that a portion of the distribution may be a return of capital.

For September 2024, 100% of the distribution is estimated to be a return of capital. The Fund's 5-year average annual total return on NAV is 4.19%, with an annualized current distribution rate of 8.80%. The fiscal YTD cumulative total return on NAV is 18.12%, with a cumulative distribution rate of 6.60%.

Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has announced its dividend schedule for the upcoming months. The Board of Directors has authorized monthly dividends of $0.07 per share, payable on November 12, 2024, December 10, 2024, and January 10, 2025. This aligns with the Fund's Managed Distribution Plan, adopted in 2015, which aims to distribute all available investment income to shareholders.

The Fund's September 2024 distribution is estimated to be 100% return of capital. Year-to-date distributions are 98.3% return of capital and 1.7% net investment income. As of August 30, 2024, the Fund's average annual total return on NAV for the past 5 years was 4.45%, with an annualized current distribution rate of 6.73% of NAV.