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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 PhDtraderon Jan 13, 2021 2:31pm
367 Views
Post# 32286602

Very positive signal in the rough

Very positive signal in the roughI just bought in today after realizing that GreenSpace is the biggest investment by Eat Global Beyond Holdings (CSE:EATS). They bought in at $.065 and now hold 7% of GreenSpace

Eat Beyond Global includes a high-calibre team of food industry veterans. Every other of their portfolio holdings  is doing extremely well. VERY went from $0.25 to over $8.00; GDNP from $0.14 to $0.85. The others are private (e.g., Eat Just, Turlte Tree Labs) so we can't see their profits exactly, but these private companies appear to be doing great from the news! 

The fact that Eat Beyond sees potential here for about $0.07 is a very positive signal that a turn around is coming. 

Moreover, Eat Beyond applies itself in some cases to work directly with companies in need of leadership and management direction. Here is an excerpt from Eat Beyond's perspectus: 

"In such situations, Eat Beyond intends to work closely with an investment target company’s management and board of directors to structure and deliver the strategic and financial resources to help such company capitalize on its prospective or estimated potential and to mature into a successful commercial enterprise."

link: file:///C:/Users/irajames/Downloads/ProspectusEatBeyond.pdf

GLTA!

 
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