Virtus Diversified Income & Convertible Fund Key Executives
This section highlights Virtus Diversified Income & Convertible Fund's key executives, including their titles and compensation details.
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Virtus Diversified Income & Convertible Fund Earnings
This section highlights Virtus Diversified Income & Convertible Fund's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Virtus Diversified Income & Convertible Fund (ACV)
Virtus Diversified Income & Convertible Fund is a closed-ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in the public equity and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities. It employs fundamental analysis along with bottom-up stock picking approach. Virtus Diversified Income & Convertible Fund was formed In May 27, 2015 and is domiciled in United States.
$19.97
Stock Price
$207.17M
Market Cap
-
Employees
New York, NY
Location
Financial Statements
Access annual & quarterly financial statements for Virtus Diversified Income & Convertible Fund, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | January 31, 2025 | January 31, 2024 | January 31, 2023 | January 31, 2022 | January 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $48.32M | $86.11M | $-36.37M | $1.18M | $133.57M |
| Cost of Revenue | $- | $3.34M | $- | $- | $4.11M |
| Gross Profit | $48.32M | $82.77M | $-36.37M | $1.18M | $129.46M |
| Gross Profit Ratio | 100.00% | 96.12% | 100.00% | 100.00% | 96.92% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $633.00K | $1.28M | $702.00K | $891.00K | $398.80K |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $633.00K | $1.28M | $702.00K | $891.00K | $398.80K |
| Other Expenses | $-201.00K | $-606.00K | $1.02M | $1.20M | $1.49M |
| Operating Expenses | $432.00K | $677.00K | $1.72M | $2.09M | $1.89M |
| Cost and Expenses | $432.00K | $677.00K | $1.72M | $2.09M | $1.89M |
| Interest Income | $7.62M | $11.61M | $5.44M | $4.58M | $5.51M |
| Interest Expense | $4.83M | $7.51M | $2.77M | $2.24M | $2.30M |
| Depreciation and Amortization | $- | $- | $228.49K | $3.42M | $206.30K |
| EBITDA | $- | $23.44M | $-70.42M | $1.33M | $131.68M |
| EBITDA Ratio | 0.00% | 27.22% | 193.60% | 112.96% | 98.59% |
| Operating Income | $47.89M | $85.43M | $-35.32M | $-2.09M | $131.68M |
| Operating Income Ratio | 99.11% | 99.21% | 97.12% | -176.80% | 98.59% |
| Total Other Income Expenses Net | $- | $- | $-2.77M | $- | $- |
| Income Before Tax | $47.89M | $85.43M | $-38.09M | $-907.00K | $131.68M |
| Income Before Tax Ratio | 99.11% | 99.21% | 104.74% | -76.80% | 98.59% |
| Income Tax Expense | $- | $- | $-228.49K | $-3.42M | $-3.81M |
| Net Income | $47.89M | $18.60M | $-38.09M | $2.52M | $131.68M |
| Net Income Ratio | 99.11% | 21.61% | 104.74% | 212.96% | 98.59% |
| EPS | $4.62 | $1.79 | $-3.67 | $0.22 | $12.72 |
| EPS Diluted | $4.62 | $1.79 | $-3.67 | $0.22 | $12.72 |
| Weighted Average Shares Outstanding | 10.37M | 10.37M | 10.38M | 11.34M | 10.35M |
| Weighted Average Shares Outstanding Diluted | 10.37M | 47.73M | 10.38M | 11.34M | 10.35M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | July 31, 2024 | January 31, 2024 | July 31, 2023 | January 31, 2023 | July 31, 2022 | January 31, 2022 | July 31, 2021 | January 31, 2021 | July 31, 2020 | January 30, 2020 | July 31, 2019 | January 31, 2019 | July 31, 2018 | January 31, 2018 | July 31, 2017 | January 31, 2017 | July 31, 2016 | January 31, 2016 | July 31, 2015 | December 31, 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.04M | $1.26M | $-1.18M | $-18.19M | $-18.19M | $590.50K | $590.50K | $51.21M | $8.98M | $15.78M | $20.25M | $5.71M | $18.14M | $13.46M | $5.46M | $5.80M | $5.55M | $5.62M | $1.81M | $405.34M |
| Cost of Revenue | $1.71M | $1.72M | $1.62M | $- | $- | $- | $- | $2.28M | $1.83M | $1.87M | $1.79M | $1.73M | $1.78M | $1.77M | $2.97M | $2.95M | $2.86M | $3.45M | $830.00K | $189.75M |
| Gross Profit | $16.33M | $-456.00K | $-2.80M | $-18.19M | $-18.19M | $590.50K | $590.50K | $48.93M | $7.15M | $13.91M | $18.46M | $3.99M | $16.36M | $11.69M | $2.49M | $2.85M | $2.69M | $2.17M | $980.00K | $215.59M |
| Gross Profit Ratio | 90.53% | -36.19% | 238.04% | 100.00% | 100.00% | 100.00% | 100.00% | 95.55% | 79.58% | 88.17% | 91.15% | 69.80% | 90.17% | 86.83% | 45.60% | 49.14% | 48.47% | 38.61% | 54.14% | 53.19% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $351.00K | $351.00K | $445.50K | $445.50K | $- | $- | $48.85K | $44.11K | $188.15K | $44.88K | $208.53K | $40.00K | $60.00K | $40.00K | $60.00K | $20.00K | $137.73M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $705.89K | $699.72K | $690.07K | $703.82K | $709.40K | $710.00K | $720.00K | $720.00K | $1.01M | $10.00K | $- |
| Selling General and Administrative Expenses | $4.87M | $- | $- | $351.00K | $351.00K | $445.50K | $445.50K | $- | $- | $754.74K | $743.83K | $878.22K | $748.70K | $917.93K | $750.00K | $780.00K | $760.00K | $1.07M | $30.00K | $137.73M |
| Other Expenses | $- | $-0 | $-16 | $510.50K | $510.50K | $598.50K | $598.50K | $2 | $4 | $1 | $1 | $-1 | $0 | $2 | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $4.87M | $-0 | $-16 | $861.50K | $861.50K | $1.04M | $1.04M | $-45.51M | $-33.69M | $-9.05M | $-11.96M | $878.22K | $748.70K | $917.93K | $750.00K | $780.00K | $760.00K | $1.07M | $30.00K | $137.73M |
| Cost and Expenses | $-3.16M | $2.42M | $21.01M | $861.50K | $861.50K | $1.04M | $1.04M | $94.45M | $40.84M | $22.96M | $30.42M | $-2.29M | $8.10M | $27.46M | $3.72M | $3.73M | $3.62M | $4.52M | $860.00K | $327.49M |
| Interest Income | $- | $2.42M | $- | $2.72M | $2.72M | $2.29M | $2.29M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $- | $- | $- | $1.39M | $1.39M | $1.12M | $1.12M | $1.81M | $1.79M | $2.05M | $2.09M | $- | $4.94M | $24.29M | $16.85M | $12.07M | $31.33M | $-40.33M | $-4.84M | $- |
| Depreciation and Amortization | $- | $-32.00K | $18.64M | $114.24K | $114.24K | $1.71M | $1.71M | $92.64M | $39.05M | $20.91M | $28.34M | $-4.37M | $6.07M | $25.53M | $33.71M | $24.14M | $62.67M | $-80.65M | $-9.68M | $7.40M |
| EBITDA | $21.20M | $2.42M | $29.00M | $-35.21M | $-35.21M | $667.00K | $667.00K | $94.45M | $40.84M | $22.96M | $30.42M | $-9.29M | $11.01M | $49.82M | $35.45M | $26.21M | $64.60M | $-79.55M | $-8.74M | $77.81M |
| EBITDA Ratio | 117.51% | 192.06% | -2468.19% | 193.60% | 193.60% | 112.96% | 112.96% | 184.43% | 454.56% | 145.50% | 150.20% | -162.59% | 60.70% | 370.06% | 649.27% | 451.90% | 1163.96% | -1415.48% | -482.87% | 19.20% |
| Operating Income | $21.20M | $-32.00K | $18.64M | $-17.66M | $-17.66M | $-1.04M | $-1.04M | $92.64M | $39.05M | $20.91M | $28.34M | $-4.37M | $6.07M | $25.53M | $1.74M | $2.07M | $1.93M | $1.10M | $940.00K | $70.42M |
| Operating Income Ratio | 117.51% | -2.54% | -1586.04% | 97.12% | 97.12% | -176.80% | -176.80% | 180.90% | 434.59% | 132.49% | 139.89% | -76.50% | 33.49% | 189.64% | 31.87% | 35.69% | 34.77% | 19.57% | 51.93% | 17.37% |
| Total Other Income Expenses Net | $-2.43M | $-2.45M | $-2.37M | $-1.39M | $-1.39M | $- | $- | $-1.81M | $-1.79M | $- | $- | $- | $- | $- | $16.86M | $12.07M | $31.34M | $-40.32M | $-4.84M | $113.00K |
| Income Before Tax | $18.76M | $-0 | $2 | $-19.05M | $-19.05M | $-453.50K | $-453.50K | $9 | $4 | $2 | $3 | $-0 | $1 | $2 | $18.60M | $14.14M | $33.27M | $-39.22M | $-3.90M | $70.53M |
| Income Before Tax Ratio | 104.01% | -0.00% | -0.00% | 104.74% | 104.74% | -76.80% | -76.80% | 0.00% | 0.00% | 0.00% | 0.00% | -0.00% | 0.00% | 0.00% | 340.66% | 243.79% | 599.46% | -697.86% | -215.47% | 17.40% |
| Income Tax Expense | $18.76M | $-0 | $2 | $-114.24K | $-114.24K | $-1.71M | $-1.71M | $9 | $4 | $2 | $3 | $-0 | $1 | $2 | $-33.71M | $-24.14M | $-62.67M | $80.65M | $9.68M | $22.79M |
| Net Income | $18.76M | $10.37M | $10.37M | $-19.05M | $-19.05M | $1.26M | $1.26M | $10.35M | $10.35M | $10.35M | $10.33M | $10.31M | $10.28M | $10.27M | $52.31M | $38.28M | $95.94M | $-119.87M | $-13.58M | $47.74M |
| Net Income Ratio | 104.01% | 822.79% | -882.14% | 104.74% | 104.74% | 212.96% | 212.96% | 20.22% | 115.24% | 65.58% | 51.00% | 180.50% | 56.68% | 76.33% | 958.06% | 660.00% | 1728.65% | -2132.92% | -750.28% | 11.78% |
| EPS | $1.81 | $1.00 | $10365167.00 | $-1.83 | $-1.83 | $0.11 | $0.11 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $5.09 | $3.73 | $9.34 | $-11.95 | $-1.20 | $0.47 |
| EPS Diluted | $1.81 | $1.00 | $-2372000.00 | $-1.83 | $-1.83 | $0.11 | $0.11 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $5.09 | $3.73 | $9.34 | $-11.95 | $-1.20 | $0.47 |
| Weighted Average Shares Outstanding | 10.37M | 10.37M | - | 10.38M | 10.38M | 11.34M | 11.34M | 10.35M | 10.35M | 10.35M | 10.33M | 10.34M | 10.28M | 10.27M | 10.27M | 10.27M | 10.27M | 10.03M | 11.29M | 101.91M |
| Weighted Average Shares Outstanding Diluted | 10.37M | 10.37M | - | 10.38M | 10.38M | 11.34M | 11.34M | 10.35M | 10.35M | 10.35M | 10.33M | 10.34M | 10.28M | 10.27M | 10.27M | 10.27M | 10.27M | 10.03M | 11.29M | 101.91M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | January 31, 2025 | January 31, 2024 | January 31, 2023 | January 31, 2022 | January 31, 2021 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $6.96M | $9.71M | $101.00K | $100.00K | $127.67K |
| Short Term Investments | $- | $15.00K | $- | $- | $- |
| Cash and Short Term Investments | $6.96M | $9.72M | $101.00K | $100.00K | $127.67K |
| Net Receivables | $2.63M | $4.01M | $4.25M | $4.42M | $4.33M |
| Inventory | $- | $13.74M | $- | $- | $- |
| Other Current Assets | $-2.63M | $-13.75M | $8.00K | $24.00K | $-4.46M |
| Total Current Assets | $6.96M | $13.72M | $4.36M | $4.42M | $4.46M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $341.09M | $314.32M | $327.90M | $388.36M | $473.97M |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-341.09M | $- | $-327.90M | $4.62M | $-473.97M |
| Total Non-Current Assets | $343.81M | $314.32M | $327.90M | $392.98M | $473.97M |
| Other Assets | $350.78M | $79.00K | $79.00K | $-4.42M | $18.48K |
| Total Assets | $350.78M | $328.13M | $332.33M | $392.98M | $478.45M |
| Account Payables | $3.52M | $6.51M | $7.00M | $4.85M | $9.16M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-3.52M | $412.00K | $- | $-4.85M | $-9.16M |
| Total Current Liabilities | $- | $6.92M | $7.00M | $4.85M | $9.16M |
| Long Term Debt | $- | $105.00M | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $105.00M | $7.00M | $110.64M | $75.00M |
| Other Liabilities | $108.99M | $51.00K | $98.48M | $-4.85M | $30.39M |
| Total Liabilities | $108.99M | $111.97M | $112.48M | $110.64M | $114.55M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $- | $- | $104 |
| Retained Earnings | $17.85M | $-13.47M | $-32.46M | $30.05M | $111.73M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- |
| Other Total Stockholders Equity | $223.94M | $229.62M | $252.31M | $252.30M | $252.17M |
| Total Stockholders Equity | $241.79M | $216.16M | $219.85M | $282.35M | $363.90M |
| Total Equity | $241.79M | $216.16M | $219.85M | $282.35M | $363.90M |
| Total Liabilities and Stockholders Equity | $350.78M | $328.13M | $332.33M | $392.98M | $478.45M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $350.78M | $328.13M | $332.33M | $392.98M | $478.45M |
| Total Investments | $341.09M | $314.32M | $327.90M | $388.36M | $473.97M |
| Total Debt | $- | $75.00M | $75.00M | $75.00M | $75.00M |
| Net Debt | $-6.96M | $-9.71M | $74.90M | $74.90M | $74.87M |
Balance Sheet Charts
| Breakdown | January 31, 2025 | July 31, 2024 | January 31, 2024 | July 31, 2023 | January 31, 2023 | July 31, 2022 | January 31, 2022 | July 31, 2021 | January 31, 2021 | July 31, 2020 | January 31, 2020 | July 31, 2019 | January 31, 2019 | July 31, 2018 | January 31, 2018 | July 31, 2017 | January 31, 2017 | July 31, 2016 | January 31, 2016 | July 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $6.96M | $9.22M | $9.71M | $10.04M | $101.00K | $159.00K | $100.00K | $539.00K | $127.67K | $- | $219.57K | $- | $2.07M | $- | $- | $- | $- | $- | $- | $- |
| Short Term Investments | $- | $13.11M | $15.00K | $9.74M | $- | $- | $- | $- | $- | $- | $- | $11.74M | $7.62M | $9.49M | $12.52M | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $6.96M | $22.33M | $9.71M | $10.04M | $101.00K | $159.00K | $100.00K | $539.00K | $127.67K | $- | $219.57K | $11.74M | $2.07M | $9.49M | $12.52M | $- | $- | $- | $- | $- |
| Net Receivables | $2.63M | $2.90M | $4.01M | $3.08M | $4.25M | $3.04M | $4.42M | $4.46M | $4.33M | $3.35M | $8.48M | $6.45M | $6.32M | $3.92M | $10.48M | $15.25M | $4.80M | $18.90M | $2.20M | $17.00M |
| Inventory | $- | $- | $13.74M | $22.86M | $- | $- | $- | $- | $- | $- | $- | $- | $13.94M | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $-2.63M | $-25.24M | $-13.75M | $-32.61M | $8.00K | $16.00K | $24.00K | $14.00K | $-4.46M | $-3.35M | $-8.70M | $-18.20M | $-16.02M | $-13.41M | $-23.00M | $7.61K | $- | $- | $- | $- |
| Total Current Assets | $6.96M | $25.34M | $13.72M | $13.12M | $4.36M | $3.04M | $4.42M | $4.46M | $4.33M | $3.35M | $8.48M | $6.45M | $6.32M | $3.92M | $10.48M | $15.25M | $4.80M | $18.90M | $2.20M | $17.00M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $341.09M | $306.28M | $314.32M | $325.70M | $327.90M | $344.10M | $388.36M | $484.38M | $473.97M | $392.01M | $361.02M | $352.23M | $330.79M | $350.26M | $354.94M | $335.76M | $326.00M | $323.70M | $307.10M | $369.10M |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-341.09M | $-306.28M | $-314.32M | $-325.70M | $-327.90M | $3.79M | $4.62M | $5.07M | $4.48M | $3.37M | $8.71M | $6.48M | $8.41M | $3.94M | $10.50M | $15.25M | $-326.00M | $-323.70M | $-307.10M | $-369.10M |
| Total Non-Current Assets | $343.81M | $306.28M | $314.32M | $325.70M | $327.90M | $347.89M | $392.98M | $489.45M | $478.45M | $395.39M | $369.73M | $358.71M | $339.20M | $354.20M | $365.44M | $351.01M | $326.00M | $323.70M | $307.10M | $369.10M |
| Other Assets | $350.78M | $331.62M | $79.00K | $107.00K | $79.00K | $-3.04M | $-4.42M | $-4.46M | $-4.33M | $-3.35M | $-8.48M | $-6.45M | $-6.32M | $-3.92M | $-10.48M | $-15.25M | $2.10M | $2.20M | $2.10M | $2.40M |
| Total Assets | $350.78M | $331.62M | $328.13M | $338.93M | $332.33M | $347.89M | $392.98M | $489.45M | $478.45M | $395.39M | $369.73M | $358.71M | $339.20M | $354.20M | $365.44M | $351.01M | $332.90M | $344.80M | $311.40M | $388.50M |
| Account Payables | $3.52M | $2.34M | $6.51M | $6.10M | $7.00M | $7.62M | $4.85M | $8.56M | $9.16M | $4.60M | $7.86M | $7.53M | $6.47M | $6.40M | $12.05M | $15.62M | $3.20M | $18.90M | $2.00M | $20.10M |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-3.52M | $-2.34M | $-6.51M | $-6.10M | $- | $-7.62M | $-4.85M | $-8.56M | $-9.16M | $-4.60M | $-7.86M | $-7.53M | $-6.47M | $-6.40M | $-12.05M | $-15.62M | $2.90M | $2.90M | $2.80M | $2.10M |
| Total Current Liabilities | $- | $2.73M | $6.51M | $6.10M | $7.00M | $7.62M | $4.85M | $8.56M | $9.16M | $4.60M | $7.86M | $7.53M | $6.47M | $6.40M | $12.05M | $15.62M | $6.10M | $21.80M | $4.80M | $22.20M |
| Long Term Debt | $- | $105.00M | $- | $- | $- | $- | $- | $- | $- | $75.00M | $- | $75.00M | $- | $75.00M | $75.00M | $75.00M | $105.00M | $105.00M | $105.00M | $103.00M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $-105.00M | $- | $- | $- | $- | $- | $- | $- | $-75.00M | $- | $-75.00M | $- | $-75.00M | $-75.00M | $-75.00M | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $- | $75.00M | $75.00M | $7.00M | $113.19M | $110.64M | $114.28M | $114.55M | $109.86M | $113.01M | $112.98M | $111.88M | $112.89M | $120.06M | $120.86M | $105.00M | $105.00M | $105.00M | $103.00M |
| Other Liabilities | $108.99M | $107.76M | $30.46M | $30.49M | $98.48M | $-7.62M | $-4.85M | $-8.56M | $-9.16M | $-4.60M | $-7.86M | $-7.53M | $-6.47M | $-6.40M | $-12.05M | $-15.62M | $- | $- | $- | $- |
| Total Liabilities | $108.99M | $107.76M | $111.97M | $111.59M | $112.48M | $113.19M | $110.64M | $114.28M | $114.55M | $109.86M | $113.01M | $112.98M | $111.88M | $112.89M | $120.06M | $120.86M | $111.10M | $126.80M | $109.80M | $125.20M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $- | $- | $- | $- | $- | $- | $104 | $104 | $103 | $103 | $103 | $103 | $103 | $103 | $- | $- | $- | $- |
| Retained Earnings | $17.85M | $-5.91M | $-13.47M | $-25.02M | $-32.46M | $-17.61M | $30.05M | $123.00M | $111.73M | $33.20M | $4.53M | $-6.01M | $-24.01M | $-3.65M | $-3.07M | $-8.81M | $-1.10M | $-700.00K | $-1.60M | $5.90M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-16.40M | $-8.30M | $-24.30M | $-27.90M | $-32.10M | $-54.10M | $-11.70M |
| Other Total Stockholders Equity | $223.94M | $229.77M | $229.62M | $252.36M | $252.31M | $252.31M | $252.30M | $252.17M | $252.17M | $252.33M | $252.19M | $251.75M | $251.33M | $250.77M | $250.61M | $250.78M | $250.80M | $250.80M | $257.30M | $269.10M |
| Total Stockholders Equity | $241.79M | $223.87M | $216.16M | $227.34M | $219.85M | $234.70M | $282.35M | $375.17M | $363.90M | $285.53M | $256.72M | $245.73M | $227.32M | $241.31M | $245.38M | $230.15M | $221.80M | $218.00M | $201.60M | $263.30M |
| Total Equity | $241.79M | $223.87M | $216.16M | $227.34M | $219.85M | $234.70M | $282.35M | $375.17M | $363.90M | $285.53M | $256.72M | $245.73M | $227.32M | $241.31M | $245.38M | $230.15M | $221.80M | $218.00M | $201.60M | $263.30M |
| Total Liabilities and Stockholders Equity | $350.78M | $331.62M | $328.13M | $338.93M | $332.33M | $347.89M | $392.98M | $489.45M | $478.45M | $395.39M | $369.73M | $358.71M | $339.20M | $354.20M | $365.44M | $351.01M | $332.90M | $344.80M | $311.40M | $388.50M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $350.78M | $331.62M | $328.13M | $338.93M | $332.33M | $347.89M | $392.98M | $489.45M | $478.45M | $395.39M | $369.73M | $358.71M | $339.20M | $354.20M | $365.44M | $351.01M | $332.90M | $344.80M | $311.40M | $388.50M |
| Total Investments | $341.09M | $319.40M | $314.32M | $325.70M | $327.90M | $344.10M | $388.36M | $484.38M | $473.97M | $392.01M | $361.02M | $352.23M | $330.79M | $350.26M | $354.94M | $335.76M | $326.00M | $323.70M | $307.10M | $369.10M |
| Total Debt | $- | $105.00M | $75.00M | $75.00M | $75.00M | $75.00M | $75.00M | $75.00M | $75.00M | $75.00M | $75.00M | $75.00M | $75.00M | $75.00M | $75.00M | $75.00M | $105.00M | $105.00M | $105.00M | $103.00M |
| Net Debt | $-6.96M | $95.78M | $65.29M | $64.96M | $74.90M | $74.84M | $74.90M | $74.46M | $74.87M | $75.00M | $74.78M | $75.00M | $72.93M | $75.00M | $75.00M | $75.00M | $105.00M | $105.00M | $105.00M | $103.00M |
Annual Cash Flow
| Breakdown | January 31, 2025 | January 31, 2024 | January 31, 2023 | January 31, 2022 | January 31, 2021 |
|---|---|---|---|---|---|
| Net Income | $47.89M | $18.60M | $-38.09M | $-907.00K | $131.68M |
| Depreciation and Amortization | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $-1.61M | $1.58M | $2.11M | $-4.20M | $5.68M |
| Accounts Receivables | $1.39M | $240.00K | $- | $- | $4.14M |
| Inventory | $- | $- | $- | $- | $193.61K |
| Accounts Payables | $- | $- | $- | $- | $1.36M |
| Other Working Capital | $-2.99M | $1.34M | $- | $- | $-19.05K |
| Other Non Cash Items | $-26.77M | $13.59M | $60.40M | $85.58M | $-112.95M |
| Net Cash Provided by Operating Activities | $19.51M | $33.77M | $24.41M | $80.48M | $24.42M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-359.88M | $- | $- | $-481.26M |
| Sales Maturities of Investments | $- | $384.68M | $- | $- | $495.40M |
| Other Investing Activities | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $- | $- | $14.14M |
| Debt Repayment | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-22.26M | $-24.16M | $-24.40M | $-80.51M | $-24.51M |
| Other Financing Activities | $- | $- | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $-22.26M | $-24.16M | $-24.40M | $-80.51M | $-24.51M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-14.14M |
| Net Change in Cash | $-2.75M | $9.61M | $15.00K | $-28.00K | $-91.90K |
| Cash at End of Period | $6.98M | $9.73M | $119.00K | $100.00K | $127.67K |
| Cash at Beginning of Period | $9.73M | $119.00K | $104.00K | $128.00K | $219.57K |
| Operating Cash Flow | $19.51M | $33.77M | $24.41M | $80.48M | $24.42M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $19.51M | $33.77M | $24.41M | $80.48M | $24.42M |
Cash Flow Charts
| Breakdown | July 31, 2024 | January 31, 2024 | July 31, 2023 | January 31, 2023 | July 31, 2022 | January 31, 2022 | July 31, 2021 | January 31, 2021 | July 31, 2020 | January 30, 2020 | July 31, 2019 | January 31, 2019 | July 31, 2018 | January 31, 2018 | July 31, 2017 | January 31, 2017 | July 31, 2016 | January 31, 2016 | July 31, 2015 | December 31, 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $18.76M | $-32.00K | $18.64M | $-19.05M | $-19.05M | $-453.50K | $-453.50K | $92.64M | $39.05M | $20.91M | $28.34M | $-4.37M | $6.07M | $25.53M | $18.60M | $14.14M | $33.27M | $-39.22M | $-3.90M | $47.63M |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $7.40M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-5.76M |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $2.54M |
| Change in Working Capital | $5.91M | $1.44M | $363.00K | $1.05M | $1.05M | $-2.10M | $-2.10M | $3.80M | $1.68M | $-1.76M | $758.25K | $-1.93M | $773.39K | $1.44M | $8.67M | $8.14M | $15.54M | $-86.11M | $-267.85M | $-50.74M |
| Accounts Receivables | $-7.47M | $-931.00K | $1.17M | $- | $- | $- | $- | $-983.42K | $5.13M | $-2.02M | $-131.89K | $-2.40M | $6.56M | $4.76M | $-8.30M | $14.10M | $-16.70M | $14.80M | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-3.70M |
| Accounts Payables | $13.54M | $2.25M | $-941.00K | $- | $- | $- | $- | $4.53M | $-3.17M | $294.68K | $965.05K | $68.83K | $-5.66M | $-3.56M | $-9.80M | $15.70M | $-16.90M | $18.10M | $- | $-47.04M |
| Other Working Capital | $-159.00K | $119.00K | $133.00K | $- | $- | $- | $- | $251.55K | $-270.59K | $-34.49K | $-74.92K | $399.83K | $-129.56K | $235.07K | $26.77M | $-21.66M | $49.14M | $-119.01M | $- | $50.74M |
| Other Non Cash Items | $-19.97M | $-1.61M | $-19.28M | $30.20M | $30.20M | $42.79M | $42.79M | $-96.33M | $-40.62M | $-18.64M | $-28.40M | $7.11M | $-5.75M | $-25.88M | $-16.97M | $-11.99M | $-31.46M | $40.50M | $4.55M | $12.03M |
| Net Cash Provided by Operating Activities | $4.71M | $1.12M | $-48.00K | $12.21M | $12.21M | $40.24M | $40.24M | $3.66M | $2.06M | $-1.23M | $1.53M | $-1.53M | $2.00M | $2.29M | $10.30M | $10.29M | $17.35M | $-84.83M | $-267.20M | $13.10M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-3.83M |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-361.95M | $-179.45M | $-180.43M | $- | $- | $- | $- | $-208.36M | $-272.90M | $-182.71M | $-215.82M | $-152.03M | $-201.49M | $-231.52M | $- | $- | $- | $- | $- | $-1.49M |
| Sales Maturities of Investments | $397.67M | $181.74M | $202.93M | $- | $- | $- | $- | $224.74M | $270.66M | $200.93M | $227.14M | $166.09M | $205.17M | $241.35M | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $2.11M |
| Net Cash Used for Investing Activities | $35.73M | $2.29M | $22.50M | $- | $- | $- | $- | $16.38M | $-2.24M | $18.22M | $11.33M | $14.07M | $3.68M | $9.83M | $- | $- | $- | $- | $- | $-3.21M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-6.87M | $19.02M | $269.65M | $-1.49M |
| Dividends Paid | $-30.91M | $-13.02M | $-11.15M | $-12.20M | $-12.20M | $-40.25M | $-40.25M | $-14.27M | $-10.24M | $-9.91M | $-9.92M | $-9.62M | $-10.15M | $-10.29M | $-10.30M | $-10.29M | $-10.48M | $-9.18M | $-1.89M | $-8.44M |
| Other Financing Activities | $- | $- | $- | $- | $- | $- | $- | $-118.37K | $118.37K | $-235.32K | $235.32K | $-1.14M | $-1.30M | $2.44M | $- | $- | $1.43K | $94.01M | $269.09M | $97.81M |
| Net Cash Used Provided by Financing Activities | $-30.91M | $-13.02M | $-11.15M | $-12.20M | $-12.20M | $-40.25M | $-40.25M | $-14.38M | $-10.12M | $-10.14M | $-9.69M | $-10.76M | $-11.45M | $-7.85M | $-10.30M | $-10.29M | $-17.35M | $84.83M | $267.20M | $89.36M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-6.63M | $-5.24M | $- | $- | $- | $- | $- | $- | $- | $- | $386.00K |
| Net Change in Cash | $-489.00K | $-331.00K | $9.91M | $15.00K | $15.00K | $-28.00K | $-28.00K | $5.66M | $-10.30M | $219.57K | $-2.07M | $2.07M | $-5.77M | $4.27M | $- | $- | $- | $-1 | $- | $99.65M |
| Cash at End of Period | $9.22M | $9.71M | $10.04M | $119.00K | $119.00K | $100.00K | $100.00K | $127.67K | $-10.09M | $219.57K | $- | $2.07M | $4.08M | $4.27M | $- | $- | $- | $-1 | $- | $401.62M |
| Cash at Beginning of Period | $9.71M | $10.04M | $127.67K | $104.00K | $104.00K | $128.00K | $128.00K | $-5.53M | $219.57K | $0 | $2.07M | $0 | $9.85M | $- | $- | $- | $- | $- | $- | $301.98M |
| Operating Cash Flow | $4.71M | $1.12M | $-48.00K | $12.21M | $12.21M | $40.24M | $40.24M | $3.66M | $2.06M | $-1.23M | $1.53M | $-1.53M | $2.00M | $2.29M | $10.30M | $10.29M | $17.35M | $-84.83M | $-267.20M | $13.10M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-3.83M |
| Free Cash Flow | $4.71M | $1.12M | $-48.00K | $12.21M | $12.21M | $40.24M | $40.24M | $3.66M | $2.06M | $-1.23M | $1.53M | $-1.53M | $2.00M | $2.29M | $10.30M | $10.29M | $17.35M | $-84.83M | $-267.20M | $9.27M |
Virtus Diversified Income & Convertible Fund Dividends
Explore Virtus Diversified Income & Convertible Fund's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
9.36%
Dividend Payout Ratio
46.47%
Dividend Paid & Capex Coverage Ratio
0.88x
Virtus Diversified Income & Convertible Fund Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.18 | $0.18 | June 12, 2025 | June 12, 2025 | June 27, 2025 | |
| $0.18 | $0.18 | May 12, 2025 | May 12, 2025 | May 29, 2025 | March 06, 2025 |
| $0.18 | $0.18 | April 11, 2025 | April 11, 2025 | April 29, 2025 | March 06, 2025 |
| $0.18 | $0.18 | March 13, 2025 | March 13, 2025 | March 28, 2025 | November 20, 2024 |
| $0.18 | $0.18 | February 13, 2025 | February 13, 2025 | February 27, 2025 | November 20, 2024 |
| $0.18 | $0.18 | January 13, 2025 | January 13, 2025 | January 30, 2025 | November 20, 2024 |
| $0.18 | $0.18 | December 12, 2024 | December 12, 2024 | December 30, 2024 | November 20, 2024 |
| $0.18 | $0.18 | November 12, 2024 | November 12, 2024 | November 27, 2024 | August 29, 2024 |
| $0.18 | $0.18 | October 11, 2024 | October 11, 2024 | October 30, 2024 | August 29, 2024 |
| $0.18 | $0.18 | September 13, 2024 | September 13, 2024 | September 26, 2024 | August 29, 2024 |
| $0.18 | $0.18 | August 12, 2024 | August 12, 2024 | August 29, 2024 | June 06, 2024 |
| $0.18 | $0.18 | July 11, 2024 | July 11, 2024 | July 30, 2024 | June 06, 2024 |
| $0.18 | $0.18 | June 13, 2024 | June 13, 2024 | June 27, 2024 | March 01, 2024 |
| $0.18 | $0.18 | May 10, 2024 | May 13, 2024 | May 30, 2024 | March 01, 2024 |
| $0.18 | $0.18 | April 10, 2024 | April 11, 2024 | April 29, 2024 | March 01, 2024 |
| $0.18 | $0.18 | March 08, 2024 | March 11, 2024 | March 28, 2024 | March 01, 2024 |
| $0.18 | $0.18 | February 09, 2024 | February 12, 2024 | February 28, 2024 | November 16, 2023 |
| $0.18 | $0.18 | January 11, 2024 | January 12, 2024 | January 30, 2024 | November 16, 2023 |
| $0.18 | $0.18 | December 08, 2023 | December 11, 2023 | January 02, 2024 | November 16, 2023 |
| $0.18 | $0.18 | November 10, 2023 | November 13, 2023 | December 01, 2023 | August 31, 2023 |
Virtus Diversified Income & Convertible Fund News
Read the latest news about Virtus Diversified Income & Convertible Fund, including recent articles, headlines, and updates.
ACV to Report First Quarter 2025 Financial Results on May 7, 2025
BUFFALO, N.Y., April 23, 2025 (GLOBE NEWSWIRE) -- ACV (NYSE: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Company will report first quarter 2025 financial results after market close and host a conference call at 5:00 p.m. ET on Wednesday, May 7, 2025.
Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on November 20, 2024: Ticker Amount of Distribution Ex-Date/Record Date Payable Date ACV $0.18 March 13, 2025 March 28, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combination t.
ACV: Near-Term Risks Should Not Be Ignored
The Virtus Diversified Income & Convertible Fund offers high current income and equity upside, outperforming traditional bonds in inflation-adjusted returns. Despite recent market volatility, the fund's distributions helped mitigate losses, outperforming the S&P 500 Index but underperforming the convertible bond index. The fund's assets change fairly frequently, and it has a very high turnover.
ACV Announces Transfer of Listing of Common Stock to the New York Stock Exchange
BUFFALO, N.Y., March 11, 2025 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that it will transfer the listing and trading of its common stock to the New York Stock Exchange (“NYSE”) from the Nasdaq Stock Market LLC (“Nasdaq”).
Virtus Diversified Income & Convertible Fund Announces Distributions
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) today announced the following monthly distributions: Amount of Distribution Ex-Date/Record Date Payable Date $0.18 April 11, 2025 April 29, 2025 $0.18 May 12, 2025 May 29, 2025 $0.18 June 12, 2025 June 27, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized cap.
ACV Announces Fourth Quarter and Full-Year 2024 Results
Fourth quarter revenue of $160 million and full-year revenue of $637 million Fourth quarter GAAP net income (loss) of ($26) million and full-year GAAP net income (loss) of ($80) million Fourth quarter non-GAAP net income (loss) of ($1) million and full-year non-GAAP net income of $11 million Fourth quarter Adjusted EBITDA of $6 million and full-year Adjusted EBITDA of $28 million Expects 2025 revenue of $765 million to $785 million, growth of 20% to 23% YoY, GAAP net income (loss) of ($62) million to ($52) million and Adjusted EBITDA of $65 million to $75 million, growth of approximately 150% YoY at the midpoint of guidance BUFFALO, N.Y., Feb. 19, 2025 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today reported results for its fourth quarter and full-year ended December 31, 2024.
Pega's AI Innovation Drives Strong ACV Growth and Record Cash Flow in Q4 2024
WALTHAM, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the Enterprise Transformation Company™, released its financial results for the fourth quarter and full-year 2024. “2024 was a transformative year for Pega, the industry, and our clients,” said Alan Trefler, Pega founder and CEO. “Our team's impressive performance drove the introduction of the most innovative solutions in our history. The reaction from our clients and partners has been remarkable, leading to deeper engagement and.
ACV to Report Fourth Quarter 2024 Financial Results on February 19, 2025, and Host Analyst Day on March 11, 2025
BUFFALO, N.Y., Jan. 22, 2025 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, announced today that the Company will report fourth quarter 2024 financial results after market close and host a conference call at 5:00 p.m. ET on Wednesday, February 19, 2025.
ACV to Showcase AI-Powered Data Solutions at 2025 National Automobile Dealers Association Conference
BUFFALO, N.Y., Jan. 21, 2025 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, will arrive at the 2025 National Automobile Dealers Association (NADA) Show in New Orleans poised to reshape inventory acquisition, management, appraisals, and dealership operations to help attendees boost efficiency and profitability.
ACV: Steady Monthly Distribution From A Hybrid Portfolio
Virtus Diversified Income & Convertible Fund offers a hybrid portfolio with a focus on convertibles but also incorporating equities, and high-yield bonds. The fund's 9.65% distribution yield will need to be supported by capital gains in the underlying portfolio, but NII has been growing. The continuing narrow discount means it still isn't a bargain but could still be worth considering in smaller accumulations or for the watch list.
Virtus Diversified Income & Convertible Fund Announces Distributions and Discloses Sources of Distributions - Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) today announced the following monthly distributions: Amount of Distribution Ex-Date/Record Date Payable Date $0.18 December 12, 2024 December 30, 2024 $0.18 January 13, 2025 January 30, 2025 $0.18 February 13, 2025 February 27, 2025 $0.18 March 13, 2025 March 28, 2025 The Fund previously announced the following monthly distribution on August 29, 2024: Amount of Distribution Ex-Date Record Date Payable.
ACV to Participate in the 4th Annual Needham Consumer Tech / Ecommerce Virtual Conference
BUFFALO, N.Y., Nov. 18, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that members of its management team will present at the 4th Annual Needham Consumer Tech / Ecommerce Virtual Conference on Monday, November 25, 2024 at 11:00 am ET.
ACV to Report Third Quarter 2024 Financial Results on November 7, 2024
BUFFALO, N.Y., Oct. 23, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Company will report third quarter 2024 financial results after market close and host a conference call at 5:00 p.m. ET on Thursday, November 7, 2024.
ACV: This Fund Is Now Covering Its Distributions And Is Worthy Of Consideration
The Virtus Diversified Income & Convertible Fund offers a high yield of 9.96%, outperforming most peers and providing strong income potential for investors. The fund's recent price performance includes 5.55% capital appreciation, although it lags behind the S&P 500 due to its hybrid nature of stocks and bonds. The fund engages in a substantial amount of trading activity, so it might not always be the most tax-efficient fund.
ACV Showcases Consumer Vehicle Acquisition Solutions at Digital Dealer Conference & Expo
BUFFALO, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial clients, will showcase how ACV MAX and ClearCar solutions can help them more effectively acquire consumer inventory at the 2024 Digital Dealer Conference and Expo.
ACV Announces Participation in Upcoming Investor Conferences
BUFFALO, N.Y., Aug. 07, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that members of its management team will present at the following upcoming investor conferences:
ACV: Looking At Recent Portfolio Changes And Valuation Improvement (Upgrade)
Virtus Diversified Income & Convertible Fund offers a high yield of 10.63%, above the median for its peer group. The ACV closed-end fund's portfolio includes convertible securities, common stocks, and fixed-income assets, with recent changes in asset allocation. The fund continues to reduce convertible bonds in favor of junk bonds, which may not be the best move in a falling-rate environment.
ACV to Report Second Quarter 2024 Financial Results on August 7, 2024
BUFFALO, N.Y., July 24, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Company will report second quarter 2024 financial results after market close and host a conference call at 5:00 p.m. ET on Wednesday, August 7, 2024.
Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), Virtus Equity & Convertible Income Fund (NYSE: NIE), Virtus Global Multi-Sector In.
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ACV: Improving Diversification, But Valuation Ignores Distribution Risks (Downgrade)
Virtus Diversified Income & Convertible Fund pays a 9.83% yield, which is certainly attractive for a closed-end fund that does not invest solely in fixed income. The ACV fund has underperformed the convertible index over the past 3 months but outperformed when distributions are included. The fund has reduced its allocation to convertible securities and increased its allocation to junk bonds since the start of the year.
Virtus Diversified Income & Convertible Fund Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.18 March 8, 2024 March 11, 2024 March 28, 2024 $0.18 April 10, 2024 April 11, 2024 April 29, 2024 $0.18 May 10, 2024 May 13, 2024 May 30, 2024 $0.18 June 13, 2024 June 13, 2024 June 27, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distrib.
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