PreferredStockChannel
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 »

Series:D
Redeemable?:Yes
Call Date:2/1/2020
Perpetual?:Yes
Cumulative?:Yes
Conversion Ratio:$110 and $132
Conversion Price: 0.7576 and 0.9091
Shares Offered:1,000,000
Overallotment:150,000
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 »
Name: 
Virtus Investment Partners Inc
Website: 
www.virtus.com
Sector: 
Investment Brokerages
Number of ETFs Holding VRTS: 
36 (see which ones)
Total Market Value Held by ETFs: 
$157,818,153
Total Market Capitalization: 
$790,000,000
% of Market Cap. Held by ETFs: 
19.98%

Quotes delayed 20 minutes

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Virtus Investment Partners Inc | 7.25% Series D Mandatory Convertible Preferred Stock (VRTSP) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com

Copyright © 2010 - 2019, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.