ACV Raises Monthly Distribution 19% to ﹩0.215
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Virtus Diversified Income & Convertible Fund (ACV) announced on September 23, 2026, that it will raise its monthly distribution from ﹩0.18 to ﹩0.215 per share beginning with the October payment. The increase is 19%.
The fund declared the new amount for October 29 and November 27, with record dates of October 13 and November 12. Virtus said the higher rate is intended to provide a more attractive distribution and address the discount at which ACV shares trade relative to net asset value.
The source of the payment matters. ACV estimated that 93.3% of its September distribution came from realized short-term capital gains and 6.7% from net investment income. Those figures are estimates rather than final tax classifications. Under the managed-distribution plan, future payments may also include return of capital if income and realized gains are insufficient.
For shareholders, the increase raises monthly cash flow but does not by itself establish stronger recurring earnings. The next items to watch are the fund’s realized gains, net asset value and updated Section 19(a) notices after the higher rate takes effect.
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