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

Virtus Diversified Income & Convertible Fund

Bullboard Posts

Comment by eljoroon Nov 14, 2018 7:34pm

96 Views

Post# 28976700

RE:Earnings expectations

Earnings out.

A beat on consensus revenue (21.7 million vs 19.75)
A beat on gross margins (24.4 vs 23)
A miss on EBITDA

Guidance going forward is, as usual, positive.

All in all I'd rate this quarter okay, and certainly not one that would justify a 50% haircut in stock price over the last 3 months.

Bullboard Posts

Anaergia expands relationship with PepsiCo