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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 > depressing results
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Post by SimpleDudeon Oct 26, 2020 12:04pm
269 Views
Post# 31781631

depressing results

depressing resultsI sold a good chunk of my position Friday. Kept a small portion for a gamble. 

Looking over recent numbers at: https://www.wsj.com/market-data/quotes/CA/XTSX/JTR/financials/annual/balance-sheet

Just don't see how they survive this...
From 2020 Fiscal:
Net loss: more the 34 million (2020)
Current assets: 11.9 million
Current liabilities: 21.1 million
Accumulated Deficit/Retained loss: 73.8 million

Not impossible, but seems to be a very daunting task ahead of them from what I see.
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