Virtus Diversified Income & Convrtble Fd (N:ACV)
Business Focus: Closed End Funds
Mixed as of April 01, 2024
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Latest 10 SEC Form 4 filings for ACV*US within the last 6 months
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Company News
Apr 17, 2024 16:15 ET
Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice
Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on March 1, 2024:
Mar 19, 2024 16:15 ET
Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice
Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on March 1, 2024:
Valuation Ratios
Industry
Sector
Beta
1.38
--
--
Price to Sales - TTM
27.03
9.71
3.63
Price to Book - most recent quarter
1.07
0.94
1.32
Price to Cash Flow per share - TTM
--
12.06
13.19
Price to Free Cash Flow per share - TTM
24.14
18.32
15.79
Business Summary
| Sector: Financials | Industry: Closed End Funds |
Virtus Diversified Income & Convertible Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. The Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of convertible securities, income-producing equity securities and income-producing debt and other instruments of varying maturities, of which at least 50% of total managed assets are invested in convertibles. The Fund has the latitude to write covered call options on the stocks held in the equity portion. The Fund's investment advisor is Virtus Investment Advisers, Inc., and its investment subadvisor is Voya Investment Management Co. LLC.
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