Virtus Diversified Income & Convertible Fund Announces Monthly Distributions
HARTFORD, Conn.–(Business Wire)–The Virtus Diversified Income & Convertible Fund (NYSE: ACV) recently announced its monthly distributions for the upcoming months. Here’s a breakdown of the amounts, ex-dates, record dates, and payable dates:
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April Distribution
Amount: $0.18
Ex-Date/Record Date: April 11, 2025
Payable Date: April 29, 2025
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May Distribution
Amount: $0.18
Ex-Date/Record Date: May 12, 2025
Payable Date: May 29, 2025
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June Distribution
Amount: $0.18
Ex-Date/Record Date: June 12, 2025
Payable Date: June 27, 2025
Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level, which may be paid in part or in full from net investment income and realized capital gains.
Impact on Individual Investors
For individual investors holding shares of the Virtus Diversified Income & Convertible Fund, these monthly distributions represent a steady stream of income. The distribution amount remains consistent, providing predictability and stability for investors who rely on this income for their financial needs. However, it’s essential to remember that these distributions are not guaranteed and may be subject to change based on the Fund’s performance.
Impact on the World
The impact of the Virtus Diversified Income & Convertible Fund’s distributions on the world is largely indirect. The Fund invests in a diversified portfolio of income-producing securities, including convertible securities, high yield bonds, and other income-generating investments. By distributing these earnings to its shareholders, the Fund contributes to the overall economic activity by putting money back into the hands of investors. Furthermore, the Fund’s investments in convertible securities may provide support to the issuers of those securities, potentially helping to stabilize their financial situations.
Conclusion
The Virtus Diversified Income & Convertible Fund’s monthly distributions provide a predictable and consistent income stream for its shareholders while also contributing to the broader economic activity. Understanding the terms of the Fund’s Managed Distribution Plan and the potential impact of these distributions on individual investors and the world is essential for making informed investment decisions. As always, it’s crucial to consult with a financial advisor or investment professional for personalized advice and to fully understand the risks and benefits associated with any investment.
If you have any questions about the Fund’s distributions or investment strategy, please don’t hesitate to contact the Virtus Investment Partners, Inc. Investor Services Team at (800) 247-4715 or visit their website at www.virtus.com.
