Allianzgi Diversified Income & Convertible Fund Reports Earnings Results for the Quarter Ended April 30, 2020
June 29, 2020 at 04:05 pm
Share
AllianzGI Diversified Income & Convertible Fund reported earnings results for the quarter ended April 30, 2020. For the quarter, the company reported net investment income of $148,593 against $375,329 a year ago. Net investment income per share was $0.01 against $0.04 a year ago. Net realized and change in unrealized loss was $21,893,110 or $2.11 per share against net realized and change in unrealized gain of $19,560,421 or $1.89 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 
