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 GreekRocket36on Jan 08, 2020 9:07am

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Post# 30529749

Ceo

The problem in all of this is the CEO. He went through 4 CFOs in the last two years, clearly the finance guys can't work with him because he probably doesn't get that side of the business and is just an eternal optimist. He's not a scam, just a dumb guy who shouldn't be running the company. The investors are just as dumb for not being more active. The new shareholder base will push for sale, this company shouldn't be public.

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