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 > here are the quotes from transcript of CC

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Post by mingzhuon Dec 04, 2019 3:05pm

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Post# 30422086

here are the quotes from transcript of CC

"the results of the strategic review. That process continues through our special committee. They have been reviewing proposals and are nearing decisions. We are all aware of the impending debt maturities and we're are actively working on solutions. This process has taken longer than we envisioned, but we are nearing a conclusion."

i expect sale is within a couple of weeks and takeover price is between 0.40-60.

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