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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

Virtus Diversified Income & Convertible Fund > Opportunity for contrarian investors
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Comment by wolfstreeton Feb 10, 2020 3:04pm
134 Views
Post# 30669450

RE:RE:Opportunity for contrarian investors

RE:RE:Opportunity for contrarian investorsHi doofus,

It was a simplistic 0.5-time sales, which I think it’s currently much more conservative than a 1-time sales less debt.

So, quickly, 0.5x60M$ sales = 30M$, divided by 75M shares = 0.40$/share, and then you can add the dilution depending on the final terms of the PP (always in process).

Best
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