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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

Post by eljoroon Nov 27, 2017 3:08pm
124 Views
Post# 27040334

No insider buying...

No insider buying......since the quarterly release. One would assume they are no longer in blackout and could be buying shares on the open market if they so choose to.

Lack of insider support since the $1.48 financing (apart from a paltry 57,500 shares in August) is both disappointing and puzzling. The new CFO owns only 20,000 shares, less than most retail shareholders.

Perhaps there is news pending that doesn't allow for insider activity right now. We shall see. Me, I'd like to see some insider activity before I add to my postition.

Best,
El Joro
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