ACV: Trades At A Premium For Good Reason But Too Expensive (Rating Downgrade) [Seeking Alpha]
Virtus AllianzGI Diversified Income & Convertible Fund Common Shares of Beneficial Interest (ACV)
US:NYSE Investor Relations:
us.allianzgi.com/en-us/products-solutions/closed-end-funds/product-press-releases/allianzgi-diversified-income-and-convertible-fund
Company Research
Source: Seeking Alpha
ACV's strong total return (34.7% over 12 months) is heavily reliant on net realized gains, making distributions vulnerable in market downturns. Leverage at 28.75% and a high allocation to unrated or below-investment-grade securities increase ACV's risk profile, especially in a high-rate environment. Dividend yield remains attractive at 7.8%, but tax inefficiency and inconsistent net investment income warrant caution, favoring tax-advantaged accounts. PM Images/DigitalVision via Getty Images Overview When I previously covered the Virtus Diversified Income & Convertible Fund ( ACV ), I issued a buy rating due to the strong earnings and attractive valuation at the time. Since then, ACV's total return sits This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinio
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ACV
News
- Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) NoticeBusiness Wire
- Virtus Diversified Income & Convertible Fund declares $0.384 dividend [Seeking Alpha]Seeking Alpha
- Virtus Diversified Income & Convertible Fund Announces Special Year-End Distribution and Discloses Sources of Distribution – Section 19(a) NoticeBusiness Wire
- Virtus Diversified Income & Convertible Fund Announces Distributions and Discloses Sources of Distribution – Section 19(a) NoticeBusiness Wire
ACV
Sec Filings
- 12/23/25 - Form NPORT-P
- 12/18/25 - Form APP
- ACV's page on the SEC website