Virtus Convertible & Income Fund

Chart & Performance

D1W1MN

P/E

37.92

P/S

13.03

EPS

0.37

Div Yield, %

2.64%

Shrs. gr., 5y

0.17%

Rev. gr., 5y

Revenues

25m

Net income

CFO

128m

+6.04%

Dividend

Aug 11, 20250.136 USD/sh

Profile

Virtus Convertible & Income Fund is a closed ended fixed income 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 fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. It invests in securities with a broad range of maturities, with a weighted average maturity ranging between five to ten years. The fund employs fundamental analysis with a bottom up stock picking approach to create its portfolio. It conducts in house research using proprietary models. The fund was formerly known as AGIC Convertible & Income Fund. Virtus Convertible & Income Fund was formed on March 31, 2003 and is domiciled in the United States.

URL

https://www.allianzinvestors.com/Products/pages/12.aspx

IPO date

Mar 27, 2003

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑01	2023‑01	2022‑01	2021‑02	2020‑02	2019‑02	2018‑02	2017‑02	2016‑02
Income
Revenues	24,595 -130.63%	(80,290) -378.13%
Cost of revenue	4,406	7,025
Unusual Expense (Income)
NOPBT	20,189	(87,315)
NOPBT Margin	82.09%	108.75%
Operating Taxes		17,298
Tax Rate
NOPAT	20,189	(104,613)
Net income	8,448 -110.40%	(81,237) 84.12%
Dividends	(42,247)	(46,095)
Dividend yield	14.25%	12.88%
Proceeds from repurchase of equity	65,106
BB yield	-21.96%
Debt
Debt current		170,000
Long-term debt	99,546	170,000
Deferred revenue
Other long-term liabilities	163	(170,000)
Net debt	(436,093)	(303,372)
Cash flow
Cash from operating activities	128,396	121,086
CAPEX
Cash from investing activities		111,545
Cash from financing activities	(113,141)	(123,660)
FCF	185,816	(270,240)
Balance
Cash	15,358	103
Long term investments	520,281	643,269
Excess cash	534,409	647,386
Stockholders' equity	(216,628)	(213,230)
Invested Capital	748,895	1,022,409
ROIC	2.28%
ROCE	3.79%
EV
Common stock shares outstanding	90,374	90,374
Price	3.28 -17.17%	3.96 -25.42%
Market cap	296,425 -17.17%	357,879
EV	(39,668)	154,507
EBITDA	20,189	(87,315)
EV/EBITDA
Interest	7,182	2,257
Interest/NOPBT	35.57%