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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Post by GreekRocket36on Jan 23, 2019 5:18pm

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Post# 29272844

loan agreement

Here is language from the recent loan agreement:
"Repayment Trigger Date" means 10 Business Days after the occurrence of any of the following events: (1) the sale by the Borrower or any of its subsidiaries of any brand with proceeds in excess of $5,000,000, other than Rolling Meadow;
Be interested to know why Rolling Meadow is excluded. Any chance theyre in the process of selling it already and therefore excluded it? It's one of my favourtie brands in the portfolio, so would suck to lose it but it's probably worth quite a bit...

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