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

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

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

Full Prospectus PDF », Secondary Prospectus PDF », VRTS Page »

VRTSP — Key Stats

Series:	D
Redeemable?:	Yes
Call Date:	2/1/2020 (Now Trading Post Call Date)
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:	$100.00
Original Coupon:	7.25%
Pay Period:	Quarterly
Pay Dates:	1-Feb, 1-May, 1-Aug, 1-Nov
CDx3 Compliance Rating:	Learn VRTSP's Rating

About Virtus Investment Partners Inc (VRTS)

Virtus Investment Partners provides investment management and related services. Co.'s investment strategies are available in a range of styles and disciplines, managed by differentiated investment managers. Co. has offerings in various asset classes, geographies, market capitalizations, styles and investment approaches. Co.'s retail products include open-end funds and exchange traded funds as well as closed-end funds. Co.'s institutional products are provided through separate accounts and pooled or commingled structures to a variety of institutional clients. Co. also provides subadvisory services to other investment advisers and serves as the collateral manager for structured products.

Preferred: VRTSP

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VRTS — Key Stats (updated 16 HRs, 7 MINs ago)

Name:
Virtus Investment Partners Inc
Website:
www.virtus.com
Sector:
Investment Brokerages
Number of ETFs Holding VRTS:
58 (see which ones)
Total Market Value Held by ETFs:
$382,978,643.72
Total Market Capitalization:
$1,641,000,000
% of Market Cap. Held by ETFs:
23.34%