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 GreekRocket36on Jan 24, 2019 10:03am

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Post# 29275060

RE:RE:RE:RE:loan agreement

From memory, debt is 10m, market cap 22m, total $33m. I think love child does $25m + in revenues and growing quickly. That alone is worth $32m in my opinion. Biggest risk is time running out for them and market conditions worsen for them to raise money or monetize brands. Hope there is a sense of urgency there...

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