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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

Comment by eljoroon Jan 16, 2017 12:12pm
154 Views
Post# 25712951

RE:Hello everyone

RE:Hello everyoneCooper76:
I think if you like the company's prospects going forward and you plan on holding for the medium-long term now is a great entry point. If you are worried about the short term macro environment for the overall markets of course this could fall if the market falls. This is a small-cap stock on the Venture exchange and not without risk.

FWIW I've been trying to add shares in the $1.28 - $1.30 range for the last few trading sessions with no luck. I will likely have to up my bids a bit. 

My 18 month personal target price is above $2, based on what the company has announced so far, but they are now cashed up and tend to use their capital wisely so my target price could be upped as the company further executes its growth plan.

Hope this helps,
El Joro
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