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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Comment by billy4325on Dec 26, 2018 8:23pm

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Post# 29158530

RE:RE:RE:RE:RE:RE:RE:Best time for JTR to buy

Xtrykr0 wrote:
Secondly, as I pointed out before, the share issuance will not be dilutive to what the current market price is ($0.325/sh) because they are being issued at $0.37/sh making it non-dilutive at these levels. This is actually a very smart thing for Greenspace Brands to do as it is an indirect way to give some support to the ailing stock price. It is also in the lenders best interest to see through Greenspace Brand's success.

They are equity incentive shares, not regular shares. The company is not getting $0.37/share, they're getting nothing for these shares, it's just shares given away as additional compensation on top of the interest rate (and have a par value of $0.37/share).

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