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02.06.25 - 22:12
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Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares (Business Wire)
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HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund II (NYSE: NCZ) announced today that it has declared a $0.34375 per share cash distribution payable on June 30, 2025 to Series A cumulative preferred shareholders of record on June 12, 2025.
The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.375 per share. The 4,360,000 Series A Cumulative Preferred Shares were issued September 11, 2018 at $25.00 per share and pay distributions quarterly. This distribution represents the accrual period from April 1, 2025 through June 30, 2025. The Series A Cumulative Preferred Shares are now callable at any time at the liquidation value of $25.00 per share plus accrued dividends.
About the Fund
Virtus Convertible & Income Fund II has an investment objective to provide total return through a combination of capital appreciation and high current income. Virtus Investment Advise...
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02.06.25 - 22:06
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Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares (Business Wire)
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HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 per share cash distribution payable on June 30, 2025 to Series A cumulative preferred shareholders of record on June 12, 2025.
The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulative Preferred Shares were issued September 20, 2018 at $25.00 per share and pay distributions quarterly. This distribution represents the accrual period from April 1, 2025 through June 30, 2025. The Series A Cumulative Preferred Shares are now callable at any time at the liquidation value of $25.00 per share plus accrued dividends.
About the Fund
Virtus Convertible & Income Fund has an investment objective to provide total return through a combination of capital appreciation and high current income. Virtus Investment Advisers...
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16.05.25 - 22:18
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DTF Tax-Free Income 2028 Term Fund Inc. Announces Portfolio Manager Update (Business Wire)
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CHICAGO--(BUSINESS WIRE)--DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) (the “Fund”), a closed-end fund advised by Duff & Phelps Investment Management Co., today announced that Phillip Hooks, CFA, will step down as portfolio manager of the Fund effective May 16, 2025.
Dusty Self, senior portfolio manager, will remain as portfolio manager of the Fund.
About the Fund
DTF Tax-Free Income 2028 Term Fund Inc. is a diversified closed-end investment management company whose investment objective is current income exempt from regular federal income tax consistent with preservation of capital. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of investment-grade tax-exempt obligations. For more information, visit dpimc.com/dtf or call (800) 864-0629.
About the Investment Adviser
Duff & Phelps Investment Management Co., an investment manager of Virtus Investment Partners, Inc., began in 1932 as a fundamental research firm and has been managing assets since 1979. The...
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15.05.25 - 13:06
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Virtus Investment Partners Declares Quarterly Cash Dividend on Common Stock (Business Wire)
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HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS), which operates a multi-boutique asset management business, today announced that its Board of Directors has declared a quarterly cash dividend of $2.25 per common share for the second quarter of 2025.
The dividend will be paid on August 15, 2025 to shareholders of record at the close of business on July 31, 2025. Future declarations of dividends will be subject to the approval of the Board of Directors.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment management products and services from our investment managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor n...
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28.04.25 - 23:48
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XFRA: DIVIDEND/INTEREST INFORMATION - 30.04.2025 - US92828Q1094 (XETRA)
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Das Instrument VIP US92828Q1094 VIRTUS INV.PARTN. DL-,01 EQUITY wird cum Dividende/Zinsen gehandelt am 29.04.2025 und ex Dividende/Zinsen am 30.04.2025
The instrument VIP US92828Q1094 VIRTUS INV.PARTN. DL-,01 EQUITY has its pre-dividend/interest day on 29.04.2025 and its ex-dividend/interest day on 30.04.2025...
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25.04.25 - 13:06
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Virtus Investment Partners Announces Financial Results for First Quarter 2025 (Business Wire)
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Earnings Per Share - Diluted of $4.05; Earnings Per Share - Diluted, as Adjusted, of $5.73
Total Sales of $6.2B; Net Flows of ($3.0B); Assets Under Management of $167.5B
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS) today reported financial results for the three months ended March 31, 2025.
Financial Highlights (Unaudited)
(in millions, except per share data or as noted)
Three Months Ended
Three Months Ended
3/31/2025
3/31/2024
Change
12/31/2024
Change
U.S. GAAP Financial Measures
Revenues
$
217.9
$
222.0
(2
%)
$
233.5
(7
%)
Operating expenses
$
181.3
$
189.7
(4
%)
$
182.8
(1
%)
Operating income (loss)
$
36.6
$
32.3
13
%
$
50.7
(28
%)
Operating margin
16.8
%
14.5
%
21.7
%
Net income (loss) attributable to Virtus Investment Partners, Inc.
$
28.6
$
29.9
(4
%)
$
33.3
(14
%)
Earnings (loss) per share - dilut...
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11.04.25 - 22:06
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Virtus Investment Partners to Announce First Quarter 2025 Results on Friday, April 25 (Business Wire)
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Conference Call at 10:00 a.m. Eastern
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS), which operates a multi-boutique asset management business, today announced that it will release its financial results for the first quarter of 2025 before the market opens on Friday, April 25, 2025. George R. Aylward, president and chief executive officer, and Michael A. Angerthal, executive vice president and chief financial officer, will host a conference call and webcast with the investment community at 10:00 a.m. Eastern.
The presentation that will accompany the conference call will be available in the Presentations section of virtus.com. A replay of the call will be available in the Investor Relations section for at least one year.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment manag...
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05.03.25 - 22:12
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Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares (Business Wire)
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HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 per share cash distribution payable on March 31, 2025 to Series A cumulative preferred shareholders of record on March 17, 2025.
The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulative Preferred Shares were issued September 20, 2018 at $25.00 per share and pay distributions quarterly. This distribution represents the accrual period from January 1, 2025 through March 31, 2025. The Series A Cumulative Preferred Shares are now callable at any time at the liquidation value of $25.00 per share plus accrued dividends.
About the Fund
Virtus Convertible & Income Fund has an investment objective to provide total return through a combination of capital appreciation and high current income. Virtus Investment Adv...
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