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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 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.


NYSE:ACV - Post by User

Comment by eljoroon Jul 13, 2019 3:28pm
182 Views
Post# 29917146

RE:sellers should ask themselves why there are 19 institutions

RE:sellers should ask themselves why there are 19 institutionsGood Lord, but this is yet another ridiculously misleading post from mingzhu

First off all...that page you link to provides two columns, one for mutual funds and one for institutions. In some cases the entities are the same...that's why, for example, Pender Fun Capital the institution owns exactly the same number of shares as the Pender Small Cap Opportunities fund. THEY ARE THE SAME SHARES...you can't count them twice and call them 2 different institutions. Another example is the institution Mackenzie which is listed in the right hand column for 2 different funds on the left

Second, and more importantly...find some more recent information. WSJ stock holdings pages are always hopelessly out of date. Most of these funds/institutions have disposed of their shares in Greenspace. Do some more serious digging and you'll find out which ones, and when.

Mingzhu has me on ignore and that's fine...and I actually agree that JTR is a buy here based simply on the likelihood that a sale of assets is near. But this last post is so full of incorrect statements and misleading assumptions that  it needed a reasoned response.

Best,
El Joro
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