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.

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Virtus Diversified Income & Convertible Fund

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Post by eljoroon Jun 23, 2017 2:41pm

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Post# 26399142

Warrant pricing is getting ridiculous

I'm seriously thinking about liquidating my common stock and loading up even further on the warrants. There is effectively NO time premium attached to them right now, something we haven't seen for awhile. If you think JTR will be higher 3, 6, 12 or 18 months from now the warrrants offer much better % upside value than the common shares on a price comparison basis.

Sheesh.

El Joro

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