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 Aug 10, 2017 12:20pm

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Post# 26566416

Painful period...

Didn't really expect to be back down below $1.35 once the bought deal closed.

Could be some tree shaking going on, but until we see a) what the quarterly numbers are and b) what the $10+ million will be used for this could languish or continue to slide.

I'm holding and will be adding more warrants if this continues to fall.

Best to all,
El Joro

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