HARTFORD, Conn., Dec. 9, 2019 /PRNewswire/ -- Virtus
Investment Partners (NASDAQ: VRTS), which operates a
multi-boutique asset management business, today announced that its
Board of Directors has declared a quarterly cash dividend of
$0.67 per share on its common stock,
payable February 15, 2020 to
shareholders of record at the close of business on January 31, 2020.
The board also declared a quarterly cash dividend of
$1.8125 per share on the company's
7.25% Series D Mandatory Convertible Preferred Stock (NASDAQ:
VRTSP), payable February 1, 2020 to
shareholders of record at the close of business on January 15, 2020.
Shares of VRTSP will convert automatically to common stock on
February 1, 2020, the mandatory
conversion date.
Future declarations of dividends will be subject to the approval
of the Board of Directors.
About Virtus Investment Partners, Inc.
Virtus Investment Partners, Inc. (NASDAQ: VRTS) is a
distinctive partnership of boutique investment managers singularly
committed to the long-term success of individual and institutional
investors. The company provides investment management products and
services through its affiliated managers and select subadvisers,
each with a distinct investment style, autonomous investment
process, and individual brand. Virtus Investment Partners offers
access to a variety of investment styles across multiple
disciplines to meet a wide array of investor needs. Its affiliates
include Ceredex Value Advisors, Duff & Phelps Investment
Management, Kayne Anderson Rudnick Investment Management, Newfleet
Asset Management, Rampart Investment Management, Seix Investment
Advisors, Silvant Capital Management, Sustainable Growth Advisers,
and Virtus ETF Solutions. Additional information is available at
virtus.com.
Forward-Looking Information
This press release contains statements that are, or may be
considered to be, forward-looking statements. All statements that
are not historical facts, including statements about our beliefs or
expectations, are "forward-looking statements" within the meaning
of The Private Securities Litigation Reform Act of 1995. These
statements may be identified by such forward-looking terminology as
"expect," "estimate," "plan," "intend," "believe," "anticipate,"
"may," "will," "should," "could," "continue," "project," or similar
statements or variations of such terms. Our forward-looking
statements are based on a series of expectations, assumptions and
projections about our company, are not guarantees of future results
or performance, and involve substantial risks and uncertainty,
including assumptions and projections concerning our assets under
management, cash inflows and outflows, operating cash flows, our
ability to expand distribution and product offerings, and future
credit facilities, for all forward periods. All of our
forward-looking statements are as of the date of this release only.
The company can give no assurance that such expectations or
forward-looking statements will prove to be correct. Actual results
may differ materially.
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SOURCE Virtus Investment Partners, Inc.