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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 Feb 22, 2019 12:31pm
78 Views
Post# 29400368

RE:RE:Just to set the record straight

RE:RE:Just to set the record straightI agree it's painful to see, and I'm sorry for everyone that is loosing money, including myself - BUT it's a loss only if you sell, and my question is WHY sell now?? I mean, you can't eveb use the capital loss until next tax season 1 year from now. 

The fact the SP is beaten doesn't affect the sales that are taking plan as we speak.

Aside from being free from an emotional charge of seeing your account in the red for JTR, what else make you guys sell and take a loss NOW?



Xtrykr0 wrote: I have to admit I bought into the story, at a time where the story was extemely optimistic. But top-down issues with management that I was blindsided to has left me holding for quite some time what is really my good will and faith in their story. The story collapsing paralyzed me. I have never suffered a greater loss than with this investment. I'm always so tempted to jump back in, as the Love Child story is so great, but man, the emotional roller coaster has taken a toll on my life. I'm glad I sold off, despite the painful losses. At least I can sleep at night again.


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