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 > the big reason for strategic review is the push by

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Comment by GreekRocket36on Jul 05, 2019 5:53pm

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Post# 29891108

RE:the big reason for strategic review is the push by

Have no facts or info but wouldn’t be surprised if they were approached after announcing the Walmart deal which would get the board to initiate a strategic review given the delta between intrinsic value and share price. Company never shy to talk about how low the price is from a multiple of revenue perspective and has recently been willing to transact. Would love to buy more but no liquidity- bid/ask so wide...

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