Virtus Investment Partners Inc | 7.25% Series D Mandatory Convertible Preferred Stock (VRTSP)

Prospectus excerpt:  Virtus Investment Partners, Inc., or “Virtus” or the “Company”, is offering 1,000,000 shares of our 7.25% Series D Mandatory Convertible Preferred Stock, par value $0.01 per share, or the “Mandatory Convertible Preferred Stock”.

Full Prospectus PDF », VRTS Page »

Call Date:2/1/2020
Conversion Ratio:$110 and $132
Conversion Price: 0.7576 and 0.9091
Shares Offered:1,000,000
Liquidation Preference:$100
Recent Market Price:$97.90
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-2.10 (-2.10%)
Annualized Dividend:7.25
Recent Ex-Date:10/11/2019
Current Yield:7.50%
Original Coupon:7.25%
Pay Period:Quarterly
Pay Dates:1-Feb, 1-May, 1-Aug, 1-Nov
Virtus Investment Partners is a provider of investment management and related services to individuals and institutions. Co.'s retail investment management services are provided to individuals through products consisting of U.S. 1940 Act mutual funds and Undertaking for Collective Investment in Transferable Securities, closed-end funds, exchange traded funds and retail separate accounts. Institutional investment management services are provided to corporations, multi-employer retirement funds, employee retirement systems, foundations, endowments and structured products.

Preferred: VRTSP

Open the VRTS Information Page »
Virtus Investment Partners Inc
Investment Brokerages
Number of ETFs Holding VRTS: 
36 (see which ones)
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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