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 > JTR sold all 4 brands at 1x revenue, why it should sell less

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Comment by happyhuntingon Nov 22, 2019 2:29pm

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RE:JTR sold all 4 brands at 1x revenue, why it should sell less

Because they are in a weak negotiating position - potential buyers know that they desperately need the cash to repay debt. If it was straightforward to sell one or more of these brands for 1x sales or more it would have happened already.

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