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 > Big changes at JTR

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Comment by SimpleDudeon Feb 19, 2020 10:51am

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Post# 30708155

RE:Big changes at JTR

The wording of this actually looks pretty good.

Primary Capital exchanging some debt for shares, Penderfund buying any remaining shares from the PP, and taking over some control of the company. Short hold 4 month hold period on pp shares.

Looks like there's some trust in rebuilding this company and it that it could be a relatively quick turn around.

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