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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

Virtus Diversified Income & Convertible Fund > JTR will make good profit next Q( July to Sep)
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Post by mingzhuon May 21, 2019 11:00pm
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Post# 29762206

JTR will make good profit next Q( July to Sep)

JTR will make good profit next Q( July to Sep) JTR has 22 m debt.The PR says post closing, debt is estimated $13-15 m, it is going to pay about $7 m debt. It cut 9 personnel ,saving $800k. i do not think they have over 30 employees.that is 30% cut. with debt reduction of 30%, employees 30%, next Q(july to Sep), it is going to make decent profit. 
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