Virtus Investment Partners

Virtus Investment Partners Increases Quarterly Common Stock Dividend 15% to $1.90 Per Share

Retrieved on: 
Thursday, August 17, 2023
Professional Services, Finance, Growth, Virtus Investment Partners, Holding company

Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-manager asset management business, today announced that its Board of Directors has approved a quarterly common stock cash dividend of $1.90 per share, representing a 15% increase from the previous quarterly dividend of $1.65 per share.

Key Points: 
  • Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-manager asset management business, today announced that its Board of Directors has approved a quarterly common stock cash dividend of $1.90 per share, representing a 15% increase from the previous quarterly dividend of $1.65 per share.
  • "We are pleased to raise our dividend for the sixth consecutive year, reflecting the strong free cash flow generated by the business and the flexibility of our balance sheet to support our capital priorities,” said George R. Aylward, president and chief executive officer.
  • “Returning capital to shareholders is an important element of our capital management strategy, alongside investing in the growth of the business and maintaining appropriate levels of leverage.”
    The third quarter 2023 common stock dividend will be paid on November 15, 2023 to shareholders of record at the close of business on October 31, 2023.
  • Future declarations of dividends will be subject to the approval of the Board of Directors.

Virtus Investment Partners Reports Preliminary July 31, 2023 Assets Under Management

Retrieved on: 
Wednesday, August 9, 2023
Banking, Asset Management, Professional Services, Finance, Virtus Investment Partners, Financial adviser, Bank

Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $171.9 billion as of July 31, 2023. In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.

Key Points: 

Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $171.9 billion as of July 31, 2023. In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.

InfraCap MLP ETF (NYSE Arca: AMZA) Tax Update

Retrieved on: 
Friday, July 28, 2023
Professional Services, Insurance, Finance, Construction & Property, Asset Management, Consulting, REIT, Master limited partnership, Partnership, ETF, Investment, Classification, Tax Cuts and Jobs Act of 2017, NOL, MLP, Virtus Investment Partners, Economy, All rights reserved, TCJA, Coronavirus, NAV, Terrorism, Adviser, Sale, Prospectus, Education for Economic Security Act, Risk, Hedge fund, FINRA, Tax, Deferred tax, Fund, Russian National Wealth Fund, Financial adviser, Life insurance, Bank

Following the conclusion of a regular tax analysis conducted on the InfraCap MLP ETF (the "Fund"), Virtus ETF Advisers LLC, the Fund’s investment adviser, is announcing a change in accounting estimate related to the Fund's net deferred tax liability.

Key Points: 
  • Following the conclusion of a regular tax analysis conducted on the InfraCap MLP ETF (the "Fund"), Virtus ETF Advisers LLC, the Fund’s investment adviser, is announcing a change in accounting estimate related to the Fund's net deferred tax liability.
  • Tax Law Changes and Current Period Changes in Taxable Income: Various tax law changes were considered by the Fund in assessing the recoverability of its deferred tax assets.
  • VP Distributors, Inc. is the distributor for the InfraCap MLP ETF.
  • A change in current tax law, or a change in the underlying business mix of a given MLP, could result in an MLP being treated as a corporation for U.S. federal income tax purposes, which would result in such MLP being required to pay U.S. federal income tax on its taxable income.

Virtus Investment Partners to Announce Second Quarter 2023 Results on Friday, July 28

Retrieved on: 
Tuesday, July 18, 2023
Asset Management, Professional Services, Finance, Webcast, Virtus Investment Partners, Cryptocurrency, Phonograph record, Management

Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-boutique asset management business, today announced that it will release its financial results for the second quarter of 2023 before the market opens on Friday, July 28, 2023.

Key Points: 
  • Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-boutique asset management business, today announced that it will release its financial results for the second quarter of 2023 before the market opens on Friday, July 28, 2023.
  • George R. Aylward, president and chief executive officer, and Michael A. Angerthal, executive vice president and chief financial officer, will host a conference call and webcast with the investment community at 10:00 a.m. Eastern.
  • The presentation that will accompany the conference call will be available in the Presentations section of virtus.com .
  • A replay of the call will be available in the Investor Relations section for a year.

RM2 International, Inc. Secures $150 Million Strategic Partnership with Orion Infrastructure Capital

Retrieved on: 
Friday, July 14, 2023
Supply Chain Management, Other Energy, Professional Services, Utilities, Alternative Energy, Forest Products, Natural Resources, Other Manufacturing, Retail, Other Professional Services, Finance, Consulting, Manufacturing, Partnership, Food, OIC, Vinson & Elkins, OTC Markets Group, Temperature, Internet, Anomaly, Growth, RM2, Virtus Investment Partners, Warehouse

RM2 International, Inc. (“RM2” or “the Company”) (OTC Markets: RMTO), an established pallet pooling and logistics company, announces today a strategic partnership with Orion Infrastructure Capital (“OIC”) to expand RM2’s pallet pooling fleet in support of existing customer demand.

Key Points: 
  • RM2 International, Inc. (“RM2” or “the Company”) (OTC Markets: RMTO), an established pallet pooling and logistics company, announces today a strategic partnership with Orion Infrastructure Capital (“OIC”) to expand RM2’s pallet pooling fleet in support of existing customer demand.
  • RM2 has developed and deployed their proprietary, trackable composite pallet in a multi-year contracted leasing model with customers across North America.
  • On behalf of the team, I would like to thank RM2 for choosing to partner with OIC.”
    PMB Capital Limited served as financial advisor to RM2.
  • Wuersch & Gering LLP acted as principal legal advisor to RM2 and Vinson & Elkins LLP acted as principal legal advisor to OIC.

Virtus Investment Partners Reports Preliminary June 30, 2023 Assets Under Management

Retrieved on: 
Wednesday, July 12, 2023
Banking, Asset Management, Professional Services, Finance, AlphaSimplex Group, Acquisition, Virtus Investment Partners, Financial adviser, Bank

Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $168.3 billion as of June 30, 2023.

Key Points: 
  • Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $168.3 billion as of June 30, 2023.
  • The increase from March 31, 2023 primarily reflected the addition of $7.8 billion of assets from the acquisition of AlphaSimplex Group, LLC, market appreciation, and institutional net inflows, partially offset by net outflows in open-end funds.
  • In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.

Cordillera Raises $443 Million for Fund III

Retrieved on: 
Wednesday, July 12, 2023
Professional Services, Data Analytics, Other Professional Services, Finance, Asset Management, Consulting, Virtus Investment Partners, Cordillera, LP record, Philosophy, Investment, Growth, ESG, Fund, Security (finance), Financial services

Cordillera Investment Partners, L.P. (“Cordillera”), an investment management firm that exclusively invests in niche, non-correlated assets, today announced it has completed fundraising for Cordillera Investment Fund III, L.P. (the “Fund”) with $443 million of commitments from institutional allocators.

Key Points: 
  • Cordillera Investment Partners, L.P. (“Cordillera”), an investment management firm that exclusively invests in niche, non-correlated assets, today announced it has completed fundraising for Cordillera Investment Fund III, L.P. (the “Fund”) with $443 million of commitments from institutional allocators.
  • The Fund will be managed by the firm’s three co-managing partners Chris Heller, Ashley Marks and Agustin ‘Gus’ Araya.
  • Cordillera welcomed its first non-U.S. LPs to the Fund, in conjunction with previous investors recommitting capital.
  • Cordillera did not engage a placement agent in connection with the formation of the Fund.

AiM Future Successfully Closes Series A Round of Investment

Retrieved on: 
Friday, July 7, 2023
Technology, Finance, Semiconductor, Professional Services, Software, Networks, Hardware, Robotics, Artificial Intelligence, Senior, CFA, Ai Maeda (voice actress), LG Electronics, Investment, Electronics, Partner, Deep learning, AI, Multimedia, Virtus Investment Partners, NPU, Computer, NPU terminology, Algorithm, Series, Growth, LG, Silicon, CAIA, Cryptocurrency, Renewable energy

AiM Future announced today the successful closure of a Series A funding round.

Key Points: 
  • AiM Future announced today the successful closure of a Series A funding round.
  • The round consists of a multi-million-dollar investment led by L&S Venture Capital, Hi Investment Partners, Daedeok Venture Partners, and existing investors KB Investments and We Ventures.
  • AiM Future is the company that meets all these requirements with cutting-edge technology.”
    “I am happy to close this series-A funding during an extended period of turbulent economic conditions.
  • The proceeds will be deployed to hiring world-class talent and producing test silicon of our next-generation architecture,” said ChangSoo Kim, Chief Executive Officer of AiM Future.

Vālenz® Health Announces Next Phase of Growth With New Capital Partner, Kelso & Company

Retrieved on: 
Wednesday, June 21, 2023
Dares Phrygius, Partnership, Culture, TPA, Kelso & Company, Accounting, Investment, Growth, Ecosystem, Virtus Investment Partners, Pharmaceutical industry

Valenz has a strong financial foundation secured by its initial investor Great Point Partners and further supported by its new partnership with Kelso.

Key Points: 
  • Valenz has a strong financial foundation secured by its initial investor Great Point Partners and further supported by its new partnership with Kelso.
  • “At Kelso, we are inspired by how Valenz solves challenges in the self-insured industry that others cannot.
  • Their integrated ecosystem strategy, coupled with an expanding pipeline of point solutions, offers so many levers to accelerate growth and value for customers,” said Hank Mannix, Investment Partner.
  • Harris Williams acted as exclusive financial advisor to Kelso.

Virtus Investment Partners Reports Preliminary May 31, 2023 Assets Under Management

Retrieved on: 
Monday, June 12, 2023
Asset Management, Professional Services, Finance, Virtus Investment Partners, Financial adviser, Bank

Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $160.9 billion as of May 31, 2023. In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.

Key Points: 

Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $160.9 billion as of May 31, 2023. In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.