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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

Post by SimpleDudeon Oct 15, 2020 8:30pm
187 Views
Post# 31726004

JTR is past the "not later than October 15th filing"

JTR is past the "not later than October 15th filing"They were hoping to file sooner, but "not later than Oct 15th". Looks like today has passed with no quarterly report or news as the trade halt continues well into it's 4th week. 

With the recent change to Penderfund control, in addition to this long filing delay and trade halt, I have to think something bigger is going on than "delays due to complex accounting and work from home mandates."

Don't think there's new financial problems as they just extended all the debt arrangements. There could be a different unexpected business problem, but my guess is they're considering an acquisition offer, or maybe going private.



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