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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 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.


NYSE:ACV - Post by User

Comment by NYX2017on Dec 07, 2018 3:07pm
64 Views
Post# 29084198

RE:RE:Slow motion train wreck

RE:RE:Slow motion train wreckIt will be aquired or taken private by 2020. With revenues of at least $100M, it won't sell for less than $1.50 per share minimum.

Xtrykr0 wrote: According to Matt on the call, the LOC they have is sufficient (I think they have 1.5 million they can tap into). Regardless, that's assuming they fulfill their top and bottom lines... Seems sketchy. Wouldn't be surprised if this company goes belly up in 2020. $0.10 in a couple of days.


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