Virtus AllianzGI Diversified Income & Convertible Fund

Virtus AllianzGI Diversified Income & Convertible Fund is a closed end investment fund, which objective is to provide total return through a combination of current income and capital appreciation, while seeking to provide downside protection against capital loss. The company was founded on May 26, 2015 and is headquartered in New York, NY.

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.

ACV: Steady Monthly Distribution From A Hybrid Portfolio

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.

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) previously announced the following monthly distribution on August 29, 2024: Ticker Amount of Distribution Ex-Date Record Date Payable Date ACV $0.18 October 11, 2024 October 11, 2024 October 30, 2024 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,.

Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice

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: This Fund Is Now Covering Its Distributions And Is Worthy Of Consideration

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 September 13, 2024 September 13, 2024 September 26, 2024 $0.18 October 11, 2024 October 11, 2024 October 30, 2024 $0.18 November 12, 2024 November 12, 2024 November 27, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level th.

Virtus Diversified Income & Convertible Fund Announces Distributions

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: Looking At Recent Portfolio Changes And Valuation Improvement (Upgrade)

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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.

Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders

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Stock #6 : Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) Yield: 10.55% Number of shares for $20,000: 1,739 Monthly Dividend Income:~$175.83 Balanced funds offer both capital appreciation potential as well as the safety and income aspects of bonds.

Want $1500 Per Month In Passive Income? Invest $20,000 In These Stocks.

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.

ACV: Improving Diversification, But Valuation Ignores Distribution Risks (Downgrade)

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.

Virtus Diversified Income & Convertible Fund Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice

The Virtus Diversified Income & Convertible Fund invests in convertible securities, providing income-focused investors with potential upside of equity investments. The fund appears to be one of the better convertible CEFs offered by Virtus as it has managed to outperform the S&P 500 and the Convertible Stock Indices. The fund pays a high distribution yield of 9.50% and has a consistent distribution history, making it attractive for income-focused investors. However, its share price is currently at a high premium.

ACV: This Looks Like One Of The Best Convertible Funds In The Market

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For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 9.5% Yield (December 2023)

Virtus Diversified Income & Convertible Fund is a hybrid fund that invests across asset classes, though it tilts towards convertibles with a tech-tilt. The fund's leverage and being a closed-end fund can often make this fund quite volatile, which can lead to opportunities that can show up quickly but can disappear as quickly. The fund's distribution rate is quite tempting, but I would still remain cautious given that it is elevated while capital gains are needed to fund it.

ACV: Hybrid Closed-End Fund Worth Watching

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For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records, pay high distributions, and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

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Virtus Diversified Income & Convertible Fund specializes in convertible bonds to generate high-yield income for investors. Convertible bonds offer the benefit of participating in stock upside while still providing the safety of bonds but they offer lower yields in exchange. The fund is set to outperform when tech stocks are doing well and underperform when tech stocks are lagging.

ACV: Finally Starting To Look Attractive

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5 Best CEFs To Buy This Month (July 2023)

The Virtus Diversified Income & Convertible Fund has provided attractive returns this year after taking a hit along with the rest of the market last year. The fund's discount remains attractive and has widened after starting the year off at a premium. ACV's distribution rate is high and definitely tempting; however, the fund will require significant capital gains to fund it unless NII continues to head in the right direction.

ACV: Attractive Discount And Distribution For This Diversified Fund

ACV: Hybrid Convertible Fund At A Discount.

ACV: Hybrid Convertible Fund At A Discount

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5 Best CEFs To Buy This Month (April 2023).

5 Best CEFs To Buy This Month (April 2023)

ACV has a significantly large asset base, offers monthly payouts and has been generating a strong yield since the time this fund has been in operation. ACV's portfolio reflects its preference for less-volatile asset categories, but at the same time focuses on industry segments having high growth potentials.

ACV: High-Yielding Convertibles Focused CEF Suitable For Long-Term Investors

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For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.

5 Best CEFs To Buy This Month (March 2023)

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), and Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) have announced that they will hold a virtual joint meeting of shareholders on May 22, 2023 at 1 p.m. EDT.

Certain Virtus Closed-End Funds Announce Date of Shareholder Meetings

HARTFORD, Conn. , Feb. 17, 2023 /PRNewswire/ -- Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on December 2, 2022: Amount of Distribution Ex-Date Record Date Payable Date $0.18 February 10, 2023 February 13, 2023 March 1, 2023 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 thereof.

Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution - Section 19(a) Notice

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17 out of 22 CEF sectors positive on price and 18 out of 22 sectors positive on NAV last week. RSF offering results.

Weekly Closed-End Fund Roundup: DEX Tender Offering Expires (February 5, 2023)

HARTFORD, Conn. , Jan. 27, 2023 /PRNewswire/ -- Seven Virtus closed-end funds that are subadvised by Voya Investment Management (Voya IM) announced that Ethan Turner has been appointed as a portfolio manager, effective today.

News for Virtus AllianzGI Diversified Income & Convertible Fund ETF (ACV)