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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 Jul 30, 2019 10:35am
111 Views
Post# 29974632

RE:RE:RE:bad financials. management lack business skills and

RE:RE:RE:bad financials. management lack business skills and You are right, but the Strategic Review is not over yet. And maybe they can't buy actually - but I know for fact that insiders will buy whenever they can. 
I'm sad to learn you sold your shares. Personally I think it's too early. It's going higher before the end of the year, so you could get a much better return or minimize your loss. I'm buying more. I'd lie if I said I'm not worried at all, but I can see the business growing and rebounding, operational results are improving, so will EBITDA this year. 
When they are going to sell, it will be for a much better price. 

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