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.

HARTFORD, Conn. , Dec. 20, 2022 /PRNewswire/ -- Virtus Diversified Income & Convertible Fund (NYSE: ACV), announced the following special year-end distribution on its common shares.

Virtus Diversified Income & Convertible Fund Announces Special Year-End Distribution and Discloses Sources of Distribution - Section 19(a) Notice

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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 broad market. For these reasons, they are not suited for everyone.

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22 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. All sectors were positive last week.

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ACV is a closed end fund that has a convertibles focus. The CEF however has a large outright equities sleeve and has the mandate to write covered calls on the respective holdings.

ACV: Equities With Leverage

ACV holds quite a significant exposure to tech, which should continue to be pressured in the short-term but could deliver results longer-term. While waiting for a turnaround, this fund provides a monthly distribution, though it could be trimmed while prices remain depressed.

ACV: Opportunity For The Long-Term, But Discount Tightens

HARTFORD, Conn. , Sept. 8, 2022 /PRNewswire/ -- Virtus Diversified Income & Convertible Fund (NYSE: ACV) today announced the following monthly distributions: Amount of Distribution          Ex-Date Record Date Payable Date $0.18 October 12, 2022 October 13, 2022 November 1, 2022 $0.18 November 10, 2022 November 14, 2022 December 1, 2022 $0.18 December 9, 2022 December 12, 2022 January 3, 2023 The Fund previously announced the following monthly distribution on June 7, 2022: Amount of Distribution          Ex-Date Record Date Payable Date $0.18 September 9, 2022 September 12, 2022 October 3, 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 Announces Distributions and Discloses Sources of Distribution - Section 19(a) Notice

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No Change to Portfolio Management Teams HARTFORD, Conn. , July 21, 2022 /PRNewswire/ -- The Board of Trustees of 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 Equity & Convertible Income Fund (NYSE: NIE), and Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has approved new subadvisory agreements between the funds' investment adviser, Virtus Investment Advisers, Inc., and Voya Investment Management Co. LLC ("Voya IM").

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HARTFORD, Conn. , June 16, 2022 /PRNewswire/ -- Virtus AllianzGI Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on March 7, 2022:   Amount of Distribution Ex-Date Record Date Payable Date $0.18 June 10, 2022 June 13, 2022 July 1, 2022 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 AllianzGI Diversified Income & Convertible Fund Discloses Sources of Distribution - Section 19(a) Notice

HARTFORD, Conn. , June 7, 2022 /PRNewswire/ -- Virtus AllianzGI Diversified Income & Convertible Fund (NYSE: ACV) today announced the following monthly distributions: Amount of Distribution          Ex-Date Record Date Payable Date $0.18 July 8, 2022 July 11, 2022 August 1, 2022 $0.18 August 10, 2022 August 11, 2022 September 1, 2022 $0.18 September 9, 2022 September 12, 2022 October 3, 2022 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 AllianzGI Diversified Income & Convertible Fund Declares Distributions and Discloses Sources of Distribution - Section 19(a) Notice

From our previous update, this fund had gone through some wild premium spike but has come back down. With the latest discount, it appears that the fund is back in the more realistic discount territory, though growth is getting hit hard this year.

ACV: Back On Sale, Again

The Virtus AllianzGI Diversified Income & Convertible Fund strays beyond convertibles to assets that seem to question the fund's name. In researching another convertible CEF, ACV popped out as the only other convertible fund to outperform SPY over the last five years. That reason is found in the asset mix.

ACV: A Convertible Securities CEF That Adds To The Mix

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20 out of 24 CEF sectors positive on price and 14 out of 24 sectors positive on NAV last week. It's pretty quiet in CEF-land, fund managers need holidays too. MLPs remain the most discounted sector.

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HARTFORD, Conn., Dec. 17, 2021 /PRNewswire/ -- Virtus AllianzGI Diversified Income & Convertible Fund (NYSE: ACV), a diversified closed-end fund, today announced that it will institute a managed distribution plan effective with the distribution payable February 1, 2022.

Virtus AllianzGI Diversified Income & Convertible Fund Institutes Managed Distribution Plan, Increases Monthly Distribution to $0.18/Share

ACV was briefly flirting with parity but has since returned to an attractive discount.

ACV: Back On Sale

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A reliable selection criterion for building a portfolio of funds that are likely to produce above-average returns over the long haul is the goal of every CEF investor. For me, the flexible combination of a positive NAV since inception, discount on NAV, and leverage represents a practical rule of thumb for long-term CEF investing.

CEF Focus Investing - My Rule Of Thumb In Action

ACV is overweight tech, and that has contributed to the strong returns of the fund historically. Going forward, tech will remain relevant but may face headwinds with interest rates.

ACV: Sector Exposure Doing Some Shifting, Attractive 5.58% Distribution Yield

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For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns.

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Virtus Investment Partners

HARTFORD, Conn., Aug. 3, 2021 /PRNewswire/ -- Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus AllianzGI Convertible & Income Fund (NYSE: NCV), Virtus AllianzGI Convertible & Income Fund II (NYSE: NCZ), Virtus AllianzGI Convertible & Income 2024 Target Term Fund (NYSE: CBH), and Virtus AllianzGI Diversified Income & Convertible Fund (NYSE: ACV) announced the following distribution declarations on their respective common shares: Fund Distribution Per Common Share Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund $0.1250 Virtus AllianzGI Convertible & Income Fund $0.0425 Virtus AllianzGI Convertible & Income Fund II $0.0375 Virtus AllianzGI Convertible & Income 2024 Target Term Fund $0.0460 Virtus AllianzGI Diversified Income & Convertible Fund $0.1670 The distributions, declared August 2, 2021, will be payable on September 1, 2021 to shareholders of record on August 12, 2021 with an ex-dividend date of August 11, 2021.

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ACV offers a yield of about 5.9%, quite attractive if it can be supported. I continue my look at CEFs beyond just the yield with a look at ACV which invests in the very hot convertible sector.

Evaluating CEFs: ACV Offers Good Returns In The Convertible Sector

HARTFORD, Conn., July 16, 2021 /PRNewswire/ -- Allianz Global Investors U.S. LLC (AllianzGI), which manages certain Virtus closed-end funds in a subadvisory capacity, announced that as of March 1, 2022 Douglas G.

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Every month I add some positions to my portfolio and share the buys I've made. One of the funds I added to was ACV, which is to take advantage of the lull that tech has been in 2021 so far.

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ACV holds a portfolio that is split amongst convertible, stock and high-yield bond securities.

ACV: Convertible Securities At A Discount

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