Virtus Diversified Income & Convertible Fund (ACV) Stock

Virtus Diversified Income & Convertible Fund offers a hybrid portfolio with a focus on convertibles but also incorporating equities, and high-yield bonds. The fund's 9.65% distribution yield will need to be supported by capital gains in the underlying portfolio, but NII has been growing. The continuing narrow discount means it still isn't a bargain but could still be worth considering in smaller accumulations or for the watch list.

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) today announced the following monthly distributions: Amount of Distribution Ex-Date/Record Date Payable Date $0.18 December 12, 2024 December 30, 2024 $0.18 January 13, 2025 January 30, 2025 $0.18 February 13, 2025 February 27, 2025 $0.18 March 13, 2025 March 28, 2025 The Fund previously announced the following monthly distribution on August 29, 2024: Amount of Distribution Ex-Date Record Date Payable.

BUFFALO, N.Y., Nov. 18, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that members of its management team will present at the 4th Annual Needham Consumer Tech / Ecommerce Virtual Conference on Monday, November 25, 2024 at 11:00 am ET.

BUFFALO, N.Y., Oct. 23, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Company will report third quarter 2024 financial results after market close and host a conference call at 5:00 p.m. ET on Thursday, November 7, 2024.

The Virtus Diversified Income & Convertible Fund offers a high yield of 9.96%, outperforming most peers and providing strong income potential for investors. The fund's recent price performance includes 5.55% capital appreciation, although it lags behind the S&P 500 due to its hybrid nature of stocks and bonds. The fund engages in a substantial amount of trading activity, so it might not always be the most tax-efficient fund.

BUFFALO, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial clients, will showcase how ACV MAX and ClearCar solutions can help them more effectively acquire consumer inventory at the 2024 Digital Dealer Conference and Expo.

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on August 29, 2024: Ticker Amount of Distribution Ex-Date Record Date Payable Date ACV $0.18 September 13, 2024 September 13, 2024 September 26, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital.

BUFFALO, N.Y., July 24, 2024 (GLOBE NEWSWIRE) --  ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Company will report second quarter 2024 financial results after market close and host a conference call at 5:00 p.m. ET on Wednesday, August 7, 2024.

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on March 1, 2024: Ticker Amount of Distribution Ex-Date Record Date Payable Date ACV $0.18 June 13, 2024 June 13, 2024 June 27, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combi.