Virtus Investment Partners, Inc. - VRTS STOCK NEWS

Virtus AllianzGI Convertible & Income Fund II (NCZ) has declared a cash distribution of $0.34375 per share, payable on June 30, 2021, to Series A cumulative preferred shareholders of record by June 11, 2021. The Series A shares, rated 'A' by Fitch, have an annual dividend rate of $1.375 and were issued at $25.00 per share. This distribution covers the period from April 1, 2021, through June 30, 2021. Shareholders will receive a Form 1099-DIV for tax reporting purposes.

Virtus AllianzGI Convertible & Income Fund (NCV) has declared a cash distribution of $0.3515625 per share, payable on June 30, 2021, to Series A preferred shareholders recorded on June 11, 2021. The Series A shares, rated 'A' by Fitch, have an annual dividend rate of $1.40625 per share and were initially issued at $25.00 per share. The distribution covers the accrual period from April 1, 2021, to June 30, 2021. Furthermore, these shares become callable after the non-call period ends on September 20, 2023.

Virtus Total Return Fund Inc. (NYSE: ZTR) has declared monthly distributions of $0.08 for June, July, August, and September 2021. The distributions will be paid from net investment income and realized capital gains, but shareholders should note that some amounts may return capital. The fund indicates historical distribution amounts exceed its income and capital gains, resulting in return of capital. The estimated sources of the distributions for April 2021 show 99.2% from return of capital and only 0.8% from net investment income. The fund's performance metrics include an average annual total return of 8.66% over five years.

Virtus Investment Partners (NASDAQ: VRTS) has declared a quarterly cash dividend of $0.82 per common share for Q2 2021. The dividend will be paid on August 13, 2021 to shareholders of record as of July 30, 2021. Future dividends will require Board approval. This dividend reflects the company's ongoing commitment to returning value to shareholders while maintaining a focus on long-term investment success.

Virtus Investment Partners reported total assets under management (AUM) of $176.2 billion as of April 30, 2021, reflecting growth from $168.9 billion at the end of March 2021. The company also administered $3.8 billion in other fee-earning assets. Key product types include Open-End Funds at $74.8 billion, Closed-End Funds at $12.0 billion, and Institutional Accounts at $44.7 billion. The comprehensive report showcases Virtus's commitment to asset management and its diverse investment strategies.

On May 4, 2021, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share, payable on May 20, 2021. The distribution's ex-date is May 12, 2021, and the record date is May 13, 2021. Under its Managed Distribution Plan, the fund may pay distributions partially from net investment income and realized capital gains, with potential returns from the fund's assets if income falls short. The fund estimates over-distribution from its capital, potentially impacting shareholders' capital. The current fiscal YTD annualized distribution rate stands at 10.07%.

Virtus Investment Partners (NASDAQ: VRTS) announced the appointment of Rick Smirl as executive vice president and chief operating officer, bringing over 20 years of asset management experience. Smirl will oversee product management and investment operations, succeeding Frank Waltman, who retired in March. Previously, he held leadership roles at Russell Investments and William Blair Investment Management, focusing on global operations, product development, and technology. CEO George R. Aylward praised Smirl's industry expertise and leadership skills, aligning with Virtus' strategic goals of enhancing investment capabilities.

Virtus Investment Partners (NASDAQ: VRTS) reported significant financial growth for Q1 2021. Revenues surged 50% year-over-year to $216.9 million, while net income grew to $36.6 million, up from a loss of $4.3 million the previous year. Operating income rose 152% to $62.1 million, with an operating margin of 28.7%. Total assets under management increased 28% to $168.9 billion, boosted by a $29.5 billion addition from the AllianzGI partnership. The diluted EPS reached $4.54, reflecting substantial operational improvements and positive net flows of $2.4 billion.

Virtus Investment Partners (NASDAQ: VRTS) will release its Q1 2021 financial results on April 28, 2021, before market open. A conference call will follow at 10:00 a.m. Eastern, featuring 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 5, 2021. Virtus focuses on long-term investment success for clients, partnering with boutique investment managers to offer diverse investment products.