Welcome to our dedicated page for Virtus Investmen news (Ticker: VRTS), a resource for investors and traders seeking the latest updates and insights on Virtus Investmen stock.
Virtus Investment Partners, Inc. (NYSE: VRTS) operates a multi-manager asset management business and regularly issues news and updates related to its investment platform, affiliated managers, and funds. This news page aggregates company announcements, fund notices, and regulatory disclosures that are relevant to investors following VRTS.
Virtus frequently reports on its preliminary assets under management and other fee-earning assets, broken down by product type and asset class. These updates describe trends across open-end funds, closed-end funds, retail separate accounts, institutional accounts, and exchange-traded funds, as well as allocations to equity, fixed income, multi-asset, and alternatives strategies.
News items also cover developments at affiliated and advised closed-end funds, including Duff & Phelps Utility and Infrastructure Fund Inc., DNP Select Income Fund Inc., DTF Tax-Free Income 2028 Term Fund Inc., Virtus Total Return Fund Inc., Virtus Equity & Convertible Income Fund, Virtus Artificial Intelligence & Technology Opportunities Fund, and Virtus Diversified Income & Convertible Fund. These releases often include information on managed distribution plans, special year-end distributions, regular dividends, and Section 19(a) notices that explain the estimated sources of distributions among net investment income, realized capital gains, and return of capital.
Corporate announcements from Virtus may highlight strategic transactions, such as the acquisition of a minority interest in Crescent Cove Advisors, LP, which adds a private markets capability focused on lending to high-growth technology companies. Other disclosures include material definitive agreements, such as the Equity Purchase Agreement to acquire a majority interest in Keystone National Group, LLC, and credit agreements that provide term loans and revolving credit facilities.
By reviewing the news associated with VRTS, investors can monitor updates on assets under management, fund distribution policies, strategic investments in alternative and private markets, and financial and regulatory developments affecting Virtus’ multi-manager asset management platform.
Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) has announced monthly distributions of $0.06 for March, April, and May 2023. The ex-dates for these distributions are March 10, April 12, and May 10, 2023, with corresponding record dates on March 13, April 13, and May 11, 2023, and payable dates on March 23, April 25, and May 23, 2023. These amounts are preliminary estimates and will vary based on the Fund's performance throughout its fiscal year. Investors will receive a Form 1099-DIV for tax reporting purposes. The Fund aims to maximize total return through investments in emerging market securities, managed by Stone Harbor Investment Partners.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) has declared monthly distributions of $0.08 for March, April, and May 2023. The ex-dates for these distributions are March 10, April 12, and May 10, while the record dates are March 13, April 13, and May 11, with payable dates set for March 23, April 25, and May 23, respectively. These amounts are estimates and may change based on the Fund's investment performance and tax regulations. As a closed-end fund, VGI focuses on maximizing current income while preserving capital through diversified fixed-income investments, managed by Virtus Investment Advisers and Newfleet Asset Management.
Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) has announced monthly distributions of $0.07 for March, April, and May 2023. The ex-dates for these distributions are March 10, April 12, and May 10, 2023, while the corresponding record dates are March 13, April 13, and May 11, 2023. The pay dates are set for March 23, April 25, and May 23, 2023. These amounts are estimates and may change based on the Fund's investment performance and tax regulations. Investors should expect to receive a Form 1099-DIV for reporting purposes. The Fund aims to maximize total return through investments in emerging markets but carries inherent risks.
Virtus Investment Partners has declared a quarterly cash dividend of $1.65 per common share for Q1 2023. The dividend will be distributed on May 15, 2023, to shareholders on record by the close of business on April 28, 2023. The board's future dividend declarations will require approval. This announcement underscores Virtus's commitment to returning capital to its shareholders while maintaining a focus on long-term growth within its multi-boutique asset management model.
Virtus Investment Partners reported preliminary assets under management of $157.8 billion as of January 31, 2023. This figure represents a notable increase from $149.4 billion reported on December 31, 2022. Additionally, the company manages $2.6 billion of other fee-earning assets not included in this total. Breakdown by product type shows open-end funds increased to $55.996 billion, while closed-end funds grew to $10.683 billion. Retail separate accounts rose to $37.744 billion and institutional accounts reached $53.389 billion.
On February 3, 2023, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share. Key dates include an ex-date of February 10, record date of February 13, and payable date of February 24. According to the Fund’s Managed Distribution Plan, if net investment income and realized capital gains are insufficient, funds may be paid from shareholder capital, which could indicate a return of capital. The Fund reported that 82% of January's distribution was a return of capital. Additionally, the average annual total return on NAV over the past five years was 3.56%, with a current distribution rate of 12.90%.
On February 3, 2023, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a $0.08 monthly distribution under its Managed Distribution Plan, with an ex-date of February 10, a record date of February 13, and a payable date of February 24. The Fund notes that the distribution may include a return of capital if net investment income and realized capital gains are insufficient. In January 2023, net investment income was estimated at $0, while 82% of the distribution stemmed from a return of capital. The Fund's average annual total return on NAV over five years is 3.56%, with a current distribution rate of 12.90%.
Virtus Investment Partners, Inc. (NASDAQ: VRTS) reported financial results for the quarter ending December 31, 2022, revealing a 25% decline in revenues to $198.4 million compared to $266.3 million a year ago. Operating income fell 63% to $31.2 million, with a 15.7% operating margin. Net income decreased 29% to $35.4 million, resulting in diluted earnings per share of $4.77, down 24% from $6.29 in Q4 2021. The company's assets under management totaled $149.4 billion, reflecting a 20% decrease year-over-year, despite a quarterly increase from $145.0 billion. Net outflows were $3.4 billion, impacting overall financial health.
Virtus Investment Partners, Inc. (NASDAQ: VRTS) will release its financial results for Q4 2022 before the market opens on February 3, 2023. A conference call, hosted by CEO George R. Aylward and CFO Michael A. Angerthal, is scheduled for 10:00 a.m. Eastern to discuss these results. Investors can access the presentation via the Presentations section on virtus.com, with a replay available in the Investor Relations section for a year. Virtus is committed to the long-term success of its investors through a partnership of boutique investment managers.
Virtus Investment Partners (NASDAQ: VRTS) announced preliminary assets under management of $149.4 billion as of December 31, 2022, reflecting an increase from $144.9 billion on September 30, 2022. This growth was driven by market appreciation and net inflows in institutional accounts, although it was partially offset by net outflows in open-end funds and retail separate accounts. Additionally, the firm managed $2.5 billion in other fee-earning assets not included in the total.