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.

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Virtus Diversified Income & Convertible Fund

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Post by SimpleDudeon Nov 22, 2019 11:56am

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Post# 30382677

2nd qtr

Correct me if I'm wrong, but I think results are better than what they seem for second quarter.

In the press release for ABL extension, they noted August was first breakeven/profitable month in last 15. This means that July was a loss, August was a bit better than breakeven and with the positive ebitda for the quarter, September must have been strongly profitable to offset loss over July.

If... this trend continues over the current quarter we could expect much larger profits to come next quarter.

Thoughts?

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