AllianzGI Diversified Income & Convertible Fund Announces Earnings Results for the Second Quarter and Six Months Ended July 31, 2018
September 28, 2018 at 09:05 pm
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AllianzGI Diversified Income & Convertible Fund announced earnings results for the second quarter and six months ended July 31, 2018. For the quarter, Net Investment Income was $460,338 or $0.04 per share compared to $651,533 or $0.06 per share a year ago. Net realized and change in unrealized gain was $13,454,647 or $1.31 per share against $7,880,191 or $0.77 per share a year ago.
For the six months, Net Investment Income was $1,138,272 or $0.11 per share compared to $1,742,661 or $0.17 per share a year ago. Net realized and change in unrealized gain was $4,936,689 or $0.48 per share against $16,852,743 or $1.64 per share a year ago. Net asset value per share was $23.47 as on July 31, 2018 compared with $22.40 as on July 31, 2017.
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 
