ACV News and Press, AllianzGI Diversified Income & Convertible Fund of Beneficial Interest From 05/19/22

From our previous update, this fund had gone through some wild premium spike but has come back down. With the latest discount, it appears that the fund is back in the more realistic discount territory, though growth is getting hit hard this year. ACV is heavily weighted to a tech-...

Virtus AllianzGI Closed-End Funds Announce Future Change in Subadviser PR Newswire HARTFORD, Conn. , May 18, 2022 /PRNewswire/ -- Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus AllianzGI Convertible ...

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad market...

The AllianzGI Equity & Convertible Income Fund uses a combination of stocks, covered calls, and convertibles to provide investors with capital appreciation and current income. This differs from its sister CEF, the Virtus AllianzGI Diversified Income & Convertible Fund, who emp...

Conduent (CNDT -15.1%) shows a 6% drop in revenue from last year to $967M. Net income was $136M up significantly versus prior year period, reflecting the gain on sale of the Midas divestiture and insurance recoveries relating to a previously disclosed legal matter. Adjusted EBITDA of $107M an...

The Virtus AllianzGI Diversified Income & Convertible Fund strays beyond convertibles to assets that seem to question the fund's name. In researching another convertible CEF, ACV popped out as the only other convertible fund to outperform SPY over the last five years. That reason ...

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad market...

A convertible bond combines features of stocks and traditional fixed income securities. In rising rate environments, convertibles have historically done quite well relative to longer-duration traditional fixed income investments. For a lot of investors, it’s tough to buy eq...

Today, we are looking at how to tell if a fund might be paying a sustainable distribution or not. We use several examples covering both fixed-income and equity funds to help highlight their differences. Overall, fixed-income funds are more straightforward to analyze than equity fu...

Virtus AllianzGI Diversified Income & Convertible Fund (NYSE:ACV) declares $0.18/share monthly dividend, in line with previous. Forward yield 8.55% Payable May 2; for shareholders of record April 11; ex-div April 8. Payable June 1; for shareholders of record May 12; ex-div May 11. Payable...