Virtus AllianzGI Diversified Income & Convertible Fund $(ACV)$ has announced the full redemption of its 1,200,000 outstanding Class A Mandatory Redeemable Preferred Shares. The shares will be redeemed at a cash price of $25.00 per share, plus any accrued and unpaid dividends up to, but not including, the redemption date. This action is in line with the shares' mandatory redemption date of October 2, 2025. The fund is financing the redemption through a master margin loan agreement with a commercial bank. Following the redemption, the Class A MRP Shares will cease to exist.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Virtus AllianzGI Diversified Income & Convertible Fund published the original content used to generate this news brief via Business Wire (Ref. ID: 20251003645752) on October 03, 2025, and is solely responsible for the information contained therein.