AllianzGI Diversified Income & Convertible Fund Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2019
September 27, 2019 at 04:05 pm
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AllianzGI Diversified Income & Convertible Fund reported earnings results for the second quarter and six months ended July 31, 2019. For the quarter, the company reported net investment income of $380,569 or $0.03 per share compared to $460,338 or $0.04 per share a year ago. Net realized and change in unrealized gain was $8,018,760 or $0.78 per share compared to $13,454,647 or $1.31 per share a year ago.
For the six months, the company reported net investment income of $755,898 or $0.07 per share compared to $1,138,272 or $0.11 per share a year ago. Net realized and change in unrealized gain was $27,579,181 or $2.67 per share compared to $4,936,689 or $0.48 per share a year ago.
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.
VIRTUS DIVERSIFIED INCOME & CONVERTIBLE FUND 
