Virtus Diversified Income & Convertible Fund V.ACV.P

Primary Symbol: ACV

Virtus Diversified Income & Convertible Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a 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, 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.

NYSE:ACV - Post by User

Virtus Diversified Income & Convertible Fund

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Comment by eljoroon Nov 16, 2016 7:30pm

112 Views

Post# 25472267

RE:RE:RE:Decent quarter for a growing company...

I suspect the EPS miss is mostly due to the delayed rollout of products, which the company says will be implemeted this quarter. If that's the case then I wouldn't sweat any short term volatility.

I plan on holding and will add shares if it falls considerably in the coming weeks. There's too much good stuff coming down the pipe with Greenspace to worry about one semi-soft quarter.

best,
El Joro

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