Welcome to our dedicated page for Virtus Investment Partners news (Ticker: VRTS), a resource for investors and traders seeking the latest updates and insights on Virtus Investment Partners stock.
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.
Virtus Investment Partners (NYSE: VRTS) announced preliminary assets under management (AUM) of $173.3 billion as of May 31, 2024. This reflects an increase from $170.1 billion as of April 30, 2024. Additionally, the company manages $2.6 billion in fee-earning assets not included in the AUM total. AUM by product type includes $56.2 billion in open-end funds, $10 billion in closed-end funds, $45.6 billion in retail separate accounts, and $61.5 billion in institutional accounts. By asset class, equity represents $98.4 billion, fixed income $36.8 billion, multi-asset $21.6 billion, and alternatives $16.6 billion.
Virtus Total Return Fund (NYSE: ZTR) announced monthly distributions of $0.05 per share for July and August 2024. The ex-date and record date for both months are set for the 11th and 12th respectively, with payments on the 30th and 29th. These distributions may come from net investment income, capital gains, or the fund's assets, potentially returning shareholder capital. Estimated sources for May 2024 show 100% return of capital. Performance data includes a 5-year average annual total return on NAV of 3.21%, a fiscal YTD cumulative total return on NAV of 7.00%, and an annualized current distribution rate of 9.46%. Actual tax reporting details will be provided with Form 1099-DIV.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced monthly distributions of $0.08 per share for July and August 2024. The ex-date and record date for both distributions are July 11, 2024, and August 12, 2024, respectively, with payable dates on July 30, 2024, and August 29, 2024. The amounts are estimates and not for tax reporting purposes. Actual distributions will be determined by the fund's investment experience and tax regulations, and official figures will be provided in a Form 1099-DIV.
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced monthly distributions for July and August 2024. NCV will distribute $0.034 per share on July 30 and August 29, 2024. NCZ will distribute $0.030 per share on the same dates. The reported amounts are estimates and not for tax purposes, with actual distributions dependent on the funds' investment performance and tax regulations. Investors will receive Form 1099-DIV for accurate federal income tax reporting.
Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) has announced monthly distributions for July and August 2024.
For July, a distribution of $0.06 per share will be paid on July 30, 2024, to shareholders of record as of July 11, 2024. For August, another $0.06 per share will be paid on August 29, 2024, to shareholders of record as of August 12, 2024.
These distribution amounts are estimates and not for tax reporting purposes. The final amounts and sources for tax purposes will depend on the Fund’s performance and could be affected by tax regulations. Shareholders will receive a Form 1099-DIV for the calendar year indicating the taxable distributions.
The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced monthly distributions of $0.15 per share for July and August 2024. These distributions follow the Fund’s Managed Distribution Plan, aimed at maintaining consistent payout levels, potentially from net investment income, realized capital gains, or shareholder capital. The Fund estimates that a portion of the distributions may constitute a return of capital. Performance metrics include a 12.96% 5-year average annual total return based on NAV, an 8.42% annualized current distribution rate, a 6.67% fiscal YTD cumulative total return on NAV, and a 2.81% fiscal YTD cumulative distribution rate. Actual distribution sources for tax purposes will be provided in a Form 1099-DIV.
The Virtus Diversified Income & Convertible Fund (NYSE: ACV) announced monthly distributions of $0.18 per share for July and August 2024.
The payment dates are July 30 and August 29, 2024, respectively.
Under its Managed Distribution Plan, the fund aims to maintain a consistent distribution level, potentially funded by net investment income, realized capital gains, or the fund's assets.
The fund estimated that recent distributions were sourced entirely from the return of capital.
As of May 31, 2024, the fund's average annual total return on NAV for five years was 12.33%, with an annualized current distribution rate of 10.16% and year-to-date cumulative total return of 5.44%.
The Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH) has announced additional details about its planned liquidation. The final trading day for the Fund on the New York Stock Exchange will be August 26, 2024. Post this date, there will be no secondary market for the Fund’s shares. The liquidation will occur after the close of business on August 30, 2024, with liquidation proceeds paid around September 4, 2024, based on shareholders’ holdings as of the Termination Date.
The Fund's final monthly distribution was declared on March 1, 2024, amounting to $0.027, payable on June 27, 2024. Shareholders are advised to consult their tax advisors regarding any tax liabilities from the liquidation proceeds. The tax-related details for the distributions will be provided through Form 1099-DIV sent by the Fund or brokers.
Virtus Equity & Convertible Income Fund (NYSE: NIE) announced a quarterly distribution of $0.50 per share with key dates: Ex-Date and Record Date on June 13, 2024, and Payable Date on June 27, 2024. The Managed Distribution Plan aims to maintain consistent distribution levels sourced from net investment income, realized capital gains, or fund assets, potentially returning a portion of the capital. Performance metrics include a 5-year average annual total return on NAV of 12.33%, a current annualized distribution rate of 8.03%, and a fiscal YTD cumulative total return on NAV of 6.66%. Notably, a substantial portion of the distribution is attributed to the return of capital.
Virtus Convertible & Income Fund II (NYSE: NCZ) has declared a quarterly cash distribution of $0.34375 per share for its Series A Cumulative Preferred Shares. The distribution is payable on June 28, 2024, to shareholders of record on June 13, 2024. The Series A shares, rated 'A' by Fitch Ratings, have an annual dividend rate of $1.375 per share and were issued on September 11, 2018, at $25.00 per share.
The shares are now callable at the liquidation value of $25.00 per share plus accrued dividends. This distribution covers the period from April 1, 2024, to June 30, 2024, and the total issuance includes 4,360,000 shares.
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