Virtus Investmen Stock Price, News & Analysis

Virtus Investment Partners (NASDAQ: VRTS) will announce its second quarter 2022 financial results on July 29, 2022, before market opening. The call will be hosted by CEO George R. Aylward and CFO Michael A. Angerthal at 10:00 a.m. Eastern, accompanied by a webcast. The presentation material will be accessible on the company’s website. A replay of the call will be available through August 6, 2022. Virtus operates a multi-manager asset management business, providing a range of investment solutions through its affiliated managers.

Virtus Investment Partners (NASDAQ: VRTS) reported preliminary assets under management of $155.4 billion as of June 30, 2022. This marks a decrease from $167.2 billion as of March 31, 2022, primarily due to market depreciation and net outflows in open-end funds and retail separate accounts. However, there were positive net flows in institutional accounts. Additionally, the company managed $3.0 billion in other fee-earning assets not included in the total.

Virtus Total Return Fund Inc. (ZTR) announced a distribution of $0.08 per share, payable on July 18, 2022. This distribution will partially come from net investment income and realized capital gains, along with a return of capital, as the fund estimates it has distributed more than its income and gains. The fund's current fiscal year-to-date annualized distribution rate stands at 12.03%, and its cumulative total return on NAV is at -4.67% for the fiscal year. Investors are advised that the distribution amount does not reflect the fund's investment performance.

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) has announced the appointment of Ronald H. Schwartz and Dusty L. Self as new portfolio managers, effective July 1, 2022. They will take over from Lisa H. Leonard, who is retiring on June 30, 2022. Schwartz and Self each bring over 30 years of experience in investment-grade municipal strategies. The Fund, advised by Duff & Phelps Investment Management Co., aims to generate current income exempt from federal income tax through a diversified portfolio of investment-grade tax-exempt obligations.

Virtus Investment Partners reported preliminary assets under management of $167.2 billion as of May 31, 2022. This reflects a decrease from $170.9 billion in April 2022. Additionally, the company managed $3.2 billion of other fee-earning assets not included in this total. Breakdown of assets shows that open-end funds decreased from $67.3 billion to $64.9 billion, while institutional accounts also saw a slight decline from $53.8 billion to $53.2 billion.

The Board of Directors of DNP Select Income Fund has announced dividends for its common stock, set at 6.5 cents per share. The ex-dividend date is July 28, 2022, with record and payable dates on July 29 and August 10, 2022 respectively. This distribution rate is maintained under a Managed Distribution Plan, initiated in 2007, to ensure steady shareholder income. Notably, the fund plans to distribute available investment income, including long-term capital gains if necessary. The cumulative fiscal year distribution rate stands at 3.92%.

On June 9, 2022, DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) announced the authorization of dividends totaling 3.25 cents per share for multiple payment dates. The ex-dividend and record dates are set for July 14, August 12, and September 14, 2022, with payment dates on July 29, August 31, and September 30, 2022. The Fund focuses on providing current income exempt from federal income tax while preserving capital, investing primarily in investment-grade tax-exempt obligations.

Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) announced a quarterly dividend of 35 cents per share, to be paid on September 30, 2022, with an ex-date of September 14, 2022 and a record date of September 15, 2022.

The fund operates under a Managed Distribution Plan, distributing all available investment income. Any shortfall will be covered by realized capital gains or return of capital. For June 2022, 94.2% of the distribution will be a return of capital. The fund's annualized distribution rate based on NAV is 9.57%.

Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share on May 25, 2022. The ex-date is June 10, 2022, with record and payable dates of June 13 and June 21, 2022, respectively. This distribution will partially stem from the fund's net investment income and realized capital gains, but may include a return of capital, as the fund has distributed more than its earnings. Key estimates include a net investment income of $0.024 per share, making up 29.8% of the current distribution.