Virtus to convert series B preferreds into 1,349,300 common shares

Investor receives $8.1 million of accrued dividends through Oct. 31

By Devika Patel

Knoxville, Tenn., Oct. 31 - Virtus Investment Partners, Inc. said it will convert its series B convertible preferred shares into 1,349,300 common shares.

The holder will receive accrued dividends through Oct. 31 of $8.1 million.

Virtus provides investment management products and services and is based in Hartford, Conn.

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