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

Bullboard Posts

Comment by eljoroon Jul 21, 2017 4:01pm

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Post# 26496545

RE:Warrants a screaming buy

Good thoughts, 7Twiggy.

I would only add that I'll bet you haven't seen insider buying (or selling) because they management has been and currently is in blackout until the financing closes. Since we agree that this has been in the works for awhile (and the share price trading in the weeks previous to the annoucement would support that thesis) then we can then extrapolate that the blackout period for insider activity has probably been in effect for at least a month and will remain so until early August.

Best to all,
El Joro

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@ the Bell: TSX advances to start off Christmas trading week