Allianzgi Diversified Income & Convertible Fund Reports Earnings for the Fiscal Third Quarter and Nine Months Ended October 31, 2016
December 30, 2016 at 09:00 pm
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AllianzGI Diversified Income & Convertible Fund reported earnings for the fiscal third quarter and nine months ended October 31, 2016. For the quarter, the company reported income per common share was $0.0619. Net asset value was $20.51. Net investment income was $1,027,146. Net investment income per share was $0.10. Net realized and change in unrealized loss was $3,095,352. Net realized and change in unrealized loss per share was $0.31.
For the nine months, the company reported net investment income was $2,961,294. Net investment income per share was $0.29. Net realized and change in unrealized loss was $28,236,857. Net realized and change in unrealized loss per share was $2.73. Net investment Income includes market premium amortization on corporate bonds of $157,825 or $0.02 per common share and $489,309 or $0.05 per common share respectively.
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 
