Virtus Diversified Income & Convertible Fund (ACV)
Virtus Diversified Income & Convertible Fund is a closed-ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in the public equity and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities. It employs fundamental analysis along with bottom-up stock picking approach. Virtus Diversified Income & Convertible Fund was formed In May 27, 2015 and is domiciled in United States.
Industry: Asset Management
Virtus Diversified Income & Convertible Fund
NYSE:ACVFinancial Services · Asset Management
-0.55%$23.68
AH Close$23.68+0.00%vs close
AH Close$23.68+0.00%vs close
Mkt Cap$246.18M
Float10.39M
O/S10.4M
Inst Own21.2%
SI0.1%
Div Yield10.89%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$58.83M
Net Income$53.45M
Total Assets$377.75M
Free Cash Flow$25.85M
Debt & Equity
Debt 28%
Equity 72%
Total Debt$105M
Total Equity$269.25M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ACV's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$377.75M
Liabilities$108.5M
Accounts Receivable$3.69M
Accounts Payable$2.96M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 | 2018-01-31 | 2017-01-31 | 2016-01-31 | 2011-01-31 |
| Revenue | $58.83M | $48.32M | $86.11M | -$33.6M | $1.18M | $133.57M | $49.65M | $2.19M | $44.67M | $28.52M | $16.35M | $1.6B |
| YoY Growth | 21.7% | -43.9% | -356.3% | -2945.0% | -99.1% | 169.0% | 2163.6% | -95.1% | 56.6% | 74.5% | -99.0% | - |
| Cost of Revenue | $4.62M | $0 | $0 | $2.77M | $0 | $4.11M | $3.66M | $6.37M | $6.03M | $3.32M | $2.47M | $762.56M |
| Gross Profit | $54.22M | $48.32M | $86.11M | -$36.37M | $1.18M | $129.46M | $45.99M | -$4.18M | $38.64M | $25.2M | $13.88M | $834.68M |
| Gross Margin | 92.2% | 100.0% | 100.0% | 108.3% | 100.0% | 96.9% | 92.6% | -190.5% | 86.5% | 88.4% | 84.9% | 52.3% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $999K | $633K | $1.28M | $702K | $891K | $399K | $374K | $317K | $351K | $100K | $78K | $596.12M |
| Other | -$232K | -$201K | -$606K | $1.02M | $1.2M | $1.49M | $31K | $171K | $198K | $25.93M | -$55.84M | $0 |
| Total Operating Expenses | $767K | $432K | $677K | $1.72M | $2.09M | $1.89M | $405K | $488K | $549K | -$25.93M | $55.84M | $596.12M |
| Operating Income (EBIT) | $53.45M | $52.72M | $23.44M | -$35.32M | -$907K | $135.29M | $49.24M | -$488K | -$549K | $51.13M | -$41.96M | $218.02M |
| Operating Margin | 90.9% | 109.1% | 27.2% | 105.1% | -76.8% | 101.3% | 99.2% | -22.3% | -1.2% | 179.3% | -256.7% | 13.6% |
| Interest Expense | $4.62M | $4.83M | $7.51M | $2.77M | $2.24M | $2.3M | $4.14M | $4.11M | $3.81M | $3.72M | $1.16M | $0 |
| Interest Income | $6.49M | $7.62M | $11.61M | $5.44M | $4.58M | $5.51M | $6.23M | $7.06M | $7.41M | $0 | $0 | $0 |
| Other Income (Expense) | $0 | -$4.83M | $0 | -$2.77M | $0 | -$3.6M | $0 | $0 | $0 | -$3.72M | -$1.16M | -$174K |
| Income Before Tax (EBT) | $53.45M | $47.89M | $85.43M | -$38.09M | -$907K | $131.68M | $49.24M | $1.7M | $44.12M | $47.41M | -$43.13M | $217.84M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6.3M | -$48.48M | $0 | $0 | $62.71M |
| Net Income | $53.45M | $47.89M | $18.6M | -$38.09M | -$907K | $131.68M | $49.24M | $1.7M | $44.12M | $47.41M | -$43.13M | $155.14M |
| Net Income Margin | 90.9% | 99.1% | 21.6% | 113.4% | -76.8% | 98.6% | 99.2% | 77.7% | 98.8% | 166.2% | -263.8% | 9.7% |
| Supplementary Data | ||||||||||||
| EPS | 5.14 | 4.62 | 1.79 | -3.67 | -0.08 | 12.72 | 4.76 | 0.17 | 4.29 | 4.61 | -4.05 | 1.55 |
| Diluted EPS | 5.14 | 4.62 | 1.79 | -3.67 | -0.08 | 12.72 | 4.76 | 0.17 | 4.29 | 4.61 | -4.05 | 1.55 |
| Weighted Average OS | 10.39M | 10.37M | 10.37M | 10.38M | 11.34M | 10.35M | 10.34M | 10.03M | 10.27M | 10.27M | 10.66M | 99.85M |
| EBITDA | $53.45M | $52.72M | $23.44M | -$70.42M | $1.33M | $135.29M | $49.41M | $5.81M | $47.93M | $51.13M | -$43.13M | $247.12M |
| EBITDA Margin | 90.9% | 109.1% | 27.2% | 209.6% | 113.0% | 101.3% | 99.5% | 265.1% | 107.3% | 179.3% | -263.8% | 15.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 | 2018-01-31 | 2017-01-31 | 2016-01-31 | 2010-09-30 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $6.82M | $6.96M | $9.71M | $101K | $100K | $128K | $220K | $2.07M | $0 | -$6.17M | -$2.84M | $301.98M |
| Short-Term Investments | $0 | $10.88M | $15K | $0 | $0 | $0 | $0 | $0 | $12.52M | $6.17M | $2.84M | $0 |
| Cash and Short-Term Investments | $6.82M | $17.84M | $9.72M | $101K | $100K | $0 | $220K | $2.07M | $12.52M | $6.17M | $2.84M | $301.98M |
| Accounts Receivable | $3.69M | $2.63M | $4.01M | $4.25M | $4.42M | $4.33M | $8.48M | $6.32M | $10.48M | $6.95M | $4.38M | $0 |
| Inventory | $0 | $0 | $13.74M | $0 | $0 | $0 | $0 | $13.94M | $0 | $0 | $0 | $171.31M |
| Other Current Assets | -$3.69M | -$2.63M | -$13.74M | -$8K | -$124K | -$4.33M | $0 | -$16.02M | -$23M | -$13.12M | -$7.22M | $330.82M |
| Total Current Assets | $6.83M | $17.84M | $13.72M | $4.36M | $4.42M | $0 | $8.7M | $6.32M | $10.48M | $4.8M | $2.2M | $804.1M |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $247.05M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $521.2M |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | -$23K | $341.09M | $314.32M | $327.9M | $388.36M | $473.97M | $361.02M | $330.79M | $354.94M | $319.82M | $304.23M | $53.71M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $370.94M | $0 | $0 | $0 | $4.62M | $0 | $8.71M | $8.41M | $10.5M | $6.18M | $2.87M | $252.21M |
| Total Long-Term Assets | $370.92M | $341.09M | $314.32M | $327.9M | $392.98M | $473.97M | $369.73M | $339.2M | $365.44M | $326M | $307.1M | $1.07B |
| Other Assets | $0 | -$8.15M | $79K | $79K | -$4.42M | $478.45M | -$8.48M | -$6.32M | -$10.48M | $2.16M | $2.17M | $0 |
| Total Assets | $377.75M | $350.78M | $328.13M | $332.33M | $392.98M | $478.45M | $369.73M | $339.2M | $365.44M | $332.96M | $311.47M | $1.88B |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $2.96M | $3.52M | $6.51M | $7M | $4.85M | $9.16M | $7.86M | $6.47M | $12.05M | $0 | $0 | $126.92M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $181K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$413K | $0 | -$423K | -$534K | -$9.21M | -$42K | -$6.51M | -$14.52M | $2.9M | $2.8M | $156.33M |
| Total Current Liabilities | $3.42M | $3.52M | $6.92M | $7M | $4.85M | $0 | $7.86M | $6.47M | $12.05M | $6.1M | $4.8M | $283.42M |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $105M | $75M | $105M | $75M | $75M | $105M | $0 | $0 | $75M | $105M | $105M | $150.24M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $71K | $30.46M | $0 | $30.48M | $30.79M | $0 | $0 | $0 | -$75M | $0 | $0 | $48.1M |
| Total Long-Term Liabilities | $105.07M | $105.46M | $105M | $105.48M | $105.79M | $114.55M | $113.01M | $111.88M | $120.06M | $105M | $105M | $198.34M |
| Other Liabilities | $0 | $108.99M | $51K | $98.48M | -$4.85M | $114.55M | -$7.86M | -$6.47M | -$12.05M | $12K | $30K | $71.9M |
| Total Liabilities | $108.5M | $108.99M | $111.97M | $112.48M | $110.64M | $114.55M | $113.01M | $111.88M | $120.06M | $111.11M | $109.83M | $553.66M |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1K | $0 | $0 | $0 | $0 | $104 | $103 | $103 | $103 | $103 | $107 | $988K |
| Retained Earnings | $44.9M | $17.85M | -$13.47M | -$32.46M | $30.05M | $111.73M | $4.53M | -$24.01M | -$3.07M | -$2.88M | -$2.41M | $902.9M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$8.3M | -$26.05M | -$53.25M | -$70.3M |
| Other Stockholders' Equity | $224.35M | $223.94M | $229.63M | $252.31M | $252.3M | $252.17M | $252.19M | $251.33M | $248.45M | $224.73M | $204.05M | $420.72M |
| Total Equity | $269.25M | $241.79M | $216.16M | $219.85M | $282.35M | $363.9M | $256.72M | $227.32M | $245.38M | $221.85M | $201.64M | $1.32B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $377.75M | $350.78M | $328.13M | $332.33M | $392.98M | $478.45M | $369.73M | $339.2M | $365.44M | $332.96M | $311.47M | $1.88B |
| Supplementary Data | ||||||||||||
| Total Debt | $105M | $105M | $75M | $75M | $75M | $105M | $75M | $75M | $75M | $105M | $105M | $150.42M |
| Net Debt | $98.18M | -$6.96M | $65.29M | $74.9M | $74.9M | $74.87M | $74.78M | $72.93M | $75M | $111.17M | $107.84M | -$151.56M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 | 2018-01-31 | 2017-01-31 | 2016-01-31 | 2010-09-30 |
| Operating Activities | ||||||||||||
| Net Income | $53.45M | $47.89M | $18.6M | -$38.09M | -$907K | $131.68M | $49.24M | $1.7M | $44.12M | $47.41M | -$43.13M | $155.31M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29.1M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$16.66M |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||
| Accounts Receivable | -$1.06M | $1.39M | $240K | $170K | $0 | $4.14M | -$2.15M | $4.16M | -$3.53M | -$2.57M | -$2.19M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $194K | $4K | -$362K | $12K | $0 | $0 | -$36.84M |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $1.36M | $1.26M | -$5.59M | $6.19M | $1.59M | $1.66M | -$9.72M |
| Other Working Capital | -$495K | -$2.99M | $1.34M | $1.94M | $0 | -$19K | -$109K | $270K | $258K | $155K | -$1.39M | $46.56M |
| Total Working Capital Change | -$1.56M | -$1.61M | $1.58M | $2.11M | -$4.2M | $5.68M | -$1M | -$1.52M | $2.91M | -$828K | -$1.92M | -$46.56M |
| Other Non-Cash Items | -$26.05M | -$26.77M | $13.59M | $60.4M | $85.58M | -$112.95M | -$30.26M | $24.1M | -$28.89M | -$42.46M | $45.58M | $3.46M |
| Net Cash from Operating | $25.85M | $19.51M | $33.77M | $24.41M | $80.48M | $24.42M | $17.98M | $24.29M | $18.15M | $3.13M | $5K | $137.47M |
| Investing Activities | ||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$25.83M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$392.25M |
| Purchases of Investments | $0 | -$460.68M | -$359.88M | $0 | $0 | -$481.26M | -$398.53M | -$353.52M | -$504.71M | -$604M | -$827.45M | -$15.85M |
| Sales of Investments | $0 | $500.08M | $384.68M | $0 | $0 | $495.4M | $428.08M | $371.27M | $523.83M | $631.61M | $483.37M | $0 |
| Other Investing Activities | $0 | -$39.4M | -$24.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $24.76M |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $14.14M | $29.54M | $17.75M | $19.12M | $27.61M | -$344.08M | -$409.18M |
| Financing Activities | ||||||||||||
| Debt Repaid | -$30M | - | - | - | - | - | - | - | - | - | -$105M | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $269.08M | $0 |
| Common Stock Repurchases | -$30M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6.87M | -$10.98M | -$15.85M |
| Dividends Paid | -$25.99M | -$22.26M | -$24.16M | -$24.4M | -$80.51M | -$24.51M | -$19.83M | -$19.77M | -$20.59M | -$20.77M | -$11.07M | $0 |
| Other Financing Activities | $30M | $0 | $0 | $0 | $0 | $0 | $0 | -$2.44M | $2.44M | $0 | $0 | $105.21M |
| Net Cash from Financing | -$25.99M | -$22.26M | -$24.16M | -$24.4M | -$80.51M | -$24.51M | -$19.83M | -$22.21M | -$18.15M | -$27.64M | $352.03M | $105.21M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | -$14.14M | -$29.54M | -$17.75M | $0 | $0 | $0 | -$1.3M |
| Net Change in Cash | -$143K | -$2.75M | $9.61M | $15K | -$28K | -$92K | -$1.85M | $2.07M | $19.12M | $3.1M | $7.96M | -$167.8M |
| Supplementary Data | ||||||||||||
| Operating Cash Flow | $25.85M | $19.51M | $33.77M | $24.41M | $80.48M | $24.42M | $17.98M | $24.29M | $18.15M | $3.13M | $5K | $137.47M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$25.83M |
| Free Cash Flow | $25.85M | $19.51M | $33.77M | $24.41M | $80.48M | $24.42M | $17.98M | $24.29M | $18.15M | $3.13M | $5K | $111.64M |
| Cash at Beginning | $6.98M | $9.73M | $119K | $104K | $128K | $220K | $2.07M | $0 | $0 | $0 | $0 | $469.77M |
| Cash at End | $6.84M | $6.98M | $9.73M | $119K | $100K | $128K | $220K | $2.07M | $19.12M | $3.1M | $7.96M | $301.98M |