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 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 and 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., and its investment subadvisor is Voya Investment Management Co. LLC.

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Virtus Diversified Income & Convertible Fund

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Comment by SimpleDudeon Nov 14, 2018 9:21pm

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Post# 28977122

RE:RE:Earnings expectations

Agree with you eljoro... it was not great, but was decent quarter for a change.

With the stock at a crazy low $0.48 close today, the company has a market cap of a little over $35 million - well below it's shareholder equity right now. Yes, a lot of that equity is intangible from acquisition costs, but with the all the potential from good brands, strong revenues and slowly improving margins I have to believe JTR stock will start to rebound soon.

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