ACV · Virtus Diversified Income & Convertible Fund
Know the company
Company overview
Virtus Diversified Income & Convertible Fund mixes convertible securities, stocks and income investments. Its convertible holdings can collect payments while also moving with the companies' shares, so portfolio value matters alongside cash income.
Business
Equity and convertible CEF
Listing
ACV · New York Stock Exchange
Reporting period
2026-01-31
Dividend schedule
Monthly
How the business works
Dividends and interest enter net investment income after fund costs. Convertible and stock gains or losses are separate and can play a large role in NAV and a managed distribution.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.05
Feb 1, 2025 to Jan 31, 2026
$0.00$0.05
Distribution yield8.48%Sourced distributions divided by dated market priceTrailing 12-month income yield0.20%Net investment income for Feb 1, 2025 to Jan 31, 2026, divided by market price $24.4100 on Sep 29, 2026. Historical income; not a forecast.Reported annual investment income$0.05Per share for 2026 FY. Excludes investment gains.Annual dividend$2.16Current regular payment annualized per share
Dividend payment history
Date or month
Per share
Sep 29, 2026
$0.18
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
How to read ACV income
Interest and dividends provide recurring income, while conversion features and share prices also affect investment gains and NAV.
Compare income, cash distributions and NAV together. Gains can contribute to payments, so income alone does not describe full distribution support.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest and dividends provide recurring income, while conversion features and share prices also affect investment gains and NAV.
Fund net investment income per common share; actual reporting period, not annualized$0.0500
$0.00$0.10
For the fiscal year ended January 31, 2026, ACV reported $0.05 of net investment income per common share and $2.54 of total distributions. The small income line does not measure the full convertible and equity result behind that cash. Read realized results, payment sources and NAV together before judging the distribution.
Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 27.57%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
Virtus Diversified Income & Convertible Fund reported $0.0500 per share for 2025-02-01 through 2026-01-31, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in stocks and convertible securities can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
The next full-year report should show whether convertible and stock results supported both the payment and NAV, alongside company credit and any change in the cash policy.
Net asset value (NAV)
NAV per share$26.16Sep 29, 2026Market price$24.41Sep 29, 2026PREMIUM / DISCOUNT TO NAV6.69% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
The next full-year report should show whether convertible and stock results supported both the payment and NAV, alongside company credit and any change in the cash policy.
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U.S. federal · Tax year 2025
Dividend tax treatment
The company reports $2.5440 per common share for tax year 2025: $2.1830 ordinary dividends, $0.3610 long-term capital-gain distributions and no return of capital. Qualified dividends represent 8.25% of ordinary dividends, or approximately 7.08% of the total distribution.
Ordinary, nonqualified
78.73%
Qualified dividends
7.08%
Capital-gain distributions
14.19%
Return of capital
0%
Tax year: 2025. Total distributions: $2.54 per share.
Tax details and source
Total ordinary dividends (includes qualified)
85.81%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
2026-02-25
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
