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Form 8-K

sec.gov

8-K — VIRTUS INVESTMENT PARTNERS, INC.

Accession: 0000883237-26-000017

Filed: 2026-04-17

Period: 2026-04-17

CIK: 0000883237

SIC: 6282 (INVESTMENT ADVICE)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — vrts-20260417.htm (Primary)

EX-99.1 — EX-99.1 RECONCILIATION INFORMATION (exhibit991reconciliationin.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — 8-K NON-GAAP APRIL 2026

8-K (Primary)

Filename: vrts-20260417.htm · Sequence: 1

vrts-20260417

0000883237false00008832372026-04-172026-04-17

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

April 17, 2026

Date of Report (date of earliest event reported)

VIRTUS INVESTMENT PARTNERS, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-10994

26-3962811

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

One Financial Plaza

Hartford

CT

06103

(Address of principal executive offices)

(Zip Code)

(800) 248-7971

Registrant's telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, $0.01 par value VRTS New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 7.01     Regulation FD Disclosure.

Virtus Investment Partners, Inc. (the “Company”) will implement a revision to the definitions of certain non-GAAP financial measures that it presents to include tax benefits realized on amortization of goodwill and intangible assets commencing with the release of its first quarter 2026 results. These tax benefit amounts had been previously excluded from these measures. The inclusion of these tax benefits will impact the calculation of the following non-GAAP financial measures:

•Non-GAAP effective tax rate

•Earnings per share - diluted, as adjusted

•Tax expense, as adjusted; and

•Net income attributable to common stockholders, as adjusted

The revision will not impact other non-GAAP financial measures including revenues, as adjusted, operating expenses, as adjusted, operating income, as adjusted, and operating margin, as adjusted.

Management believes including tax benefits realized on amortization of goodwill and intangible assets in the non-GAAP financial measures better reflects the Company's underlying financial performance given that numerous acquisitions over several years have created an intangible tax asset that generates meaningful tax benefits that have increased in size and economic impact. The Company uses non-GAAP financial measures to evaluate financial performance and to support operational, resource allocation, capital structure and return of capital decisions, and as key determinants in incentive compensation plans.

Reconciliations to Prior Presentation

In conjunction with this new presentation, the Company is providing reconciliations of the most comparable U.S. GAAP measure to revised and historical non-GAAP measures, tax expense, as adjusted, net income attributable to common stockholders, as adjusted, earnings per share - diluted, as adjusted, and non-GAAP effective tax rate for the first quarter of 2024 through the fourth quarter of 2025 and full year reconciliations for fiscal 2024 and 2025. This supplemental information, which is attached hereto as Exhibit 99.1 and incorporated herein by reference, does not restate or amend any financial results presented in any of the Company’s periodic filings.

Reconciliations to GAAP Measures

The non-GAAP financial measures included in this release differ from financial measures determined in accordance with U.S. GAAP because of the reclassification of certain income statement items, as well as the exclusion of certain expenses and other items that are not reflective of the earnings generated from providing investment management and related services. Management uses these measures to evaluate the Company’s financial performance and operational decision-making. Management believes that these non-GAAP financial measures, when presented together with directly comparable U.S. GAAP measures, are useful to investors and other interested parties to provide additional insight, promote transparency and allow for a more comprehensive understanding of the information used by management. Please see the Notes to Reconciliations for additional information on how these measures reflect the Company’s operating results. Non-GAAP financial measures have material limitations and should not be viewed in isolation or as a substitute for U.S. GAAP measures.

Net income attributable to common stockholders, as adjusted, excludes from net income:

•Goodwill and intangible assets - Non-cash amortization expense or impairment expense, if any, attributable to acquisition-related goodwill and intangible assets, including any portion that is allocated to noncontrolling interests, and the economic tax benefit realized on amortization of such assets. Management believes that making these adjustments aids in comparing the Company’s operating results with other asset management firms that have not engaged in acquisitions as well as comparing prior periods.

•Restructuring expense - Certain non-recurring expenses associated with restructuring the business, including lease abandonment-related expenses and severance costs associated with staff reductions that are not reflective of ongoing earnings generation of the business. Management believes that making this adjustment aids in comparing the Company's operating results with prior periods.

•Deferred compensation and related investments - Compensation expense, gains and losses (realized and unrealized), and interest and dividend income related to deferred compensation and related balance sheet investments. Market performance of deferred compensation plans and related investments can vary significantly from period to period. Management believes that making this adjustment aids in comparing the Company's operating results with prior periods.

•Acquisition and integration expenses - Expenses that are directly related to acquisition and integration activities.

Acquisition expenses include certain transaction related employment expenses, closing costs, professional fees, and financing fees as well as any change in the fair value of contingent consideration. Integration expenses include costs incurred that are attributable to combining businesses, including compensation, restructuring expense, professional fees, consulting fees, and other expenses. Management believes that making these adjustments aids in comparing the Company’s operating results with other asset management firms that have not engaged in acquisitions.

•Other - Certain expenses that are not reflective of the ongoing earnings generation of the business. Employment expenses and noncontrolling interests are adjusted to exclude fair value measurements of investment manager minority interests. Other operating expenses are adjusted for non-capitalized debt issuance costs, amortization of lease termination fees and transition related expense (benefit). Interest expense is adjusted to remove gains on early extinguishment of debt and the write-off of previously capitalized costs in connection with a debt modification. Income tax expense (benefit) items are adjusted for uncertain tax positions, changes in tax law, valuation allowances, and other unusual or infrequent items not related to current operating results to reflect a normalized effective rate. Management believes that making these adjustments aids in comparing the Company’s operating results with prior periods.

•Seed capital and CLO investments gains (losses) - Gains and losses (realized and unrealized) of seed capital and CLO investments. Gains and losses (realized and unrealized) generated by seed capital and CLO investments can vary significantly from period to period and do not reflect the Company’s operating results from providing investment management and related services. Management believes that making this adjustment aids in comparing the Company’s operating results with prior periods and with other asset management firms that do not have meaningful seed capital and CLO investments.

Earnings per share, as adjusted, represent net income (loss) attributable to Virtus Investment Partners, Inc., as adjusted, divided by weighted average shares outstanding, as adjusted, on either a basic or diluted basis.

Limitations of Net Income Attributable to Common Stockholders, As Adjusted, and Related Non-GAAP Financial Measures

Because the calculation of net income attributable to common stockholders, as adjusted, and related measures excludes certain ongoing expenses and/or reclassifies certain income statement items, these non-GAAP financial measures have material limitations and should not be viewed in isolation or as a substitute for U.S. GAAP measures. Furthermore, net income attributable to common stockholders, as adjusted, and related measures are not audited, and the Company’s definition and calculation of net income attributable to common stockholders, as adjusted, and related measures could differ from similarly titled measures disclosed by other companies.

Item 9.01        Financial Statements and Exhibits.

(d)     Exhibits    The following exhibits are filed herewith:

99.1    Reconciliation Information

104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

VIRTUS INVESTMENT PARTNERS, INC.

Dated: April 17, 2026 By:   /s/ Michael A. Angerthal

Name: Michael A. Angerthal

Title: Chief Financial Officer

EX-99.1 — EX-99.1 RECONCILIATION INFORMATION

EX-99.1

Filename: exhibit991reconciliationin.htm · Sequence: 2

Document

Exhibit 99.1

Virtus Investment Partners, Inc.

Non-GAAP Information and Reconciliations

(Unaudited, dollars in thousands except per share)

Reconciliation of Non-GAAP Effective Tax Rate - Revised to Non-GAAP Effective Tax Rate - Historical:

Three Months Ended Twelve Months Ended

3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 12/31/2024 12/31/2025

Non-GAAP effective tax rate - Revised 18.2  % 19.6  % 20.4  % 20.3  % 18.3  % 18.9  % 19.0  % 17.9  % 19.7  % 18.5  %

Non-GAAP effective tax rate - Historical 26.0  % 26.1  % 26.7  % 26.6  % 26.4  % 26.3  % 26.0  % 25.3  % 26.4  % 26.0  %

Difference A

(7.8%) (6.5%) (6.3%) (6.3%) (8.1%) (7.4%) (7.0%) (7.4%) (6.7%) (7.5%)

A Reflects the economic tax (benefit) realized on amortization of goodwill and intangible assets

Reconciliation of Earnings Per Share - Diluted, as Adjusted - Revised to Earnings Per Share, as Adjusted - Historical:

Three Months Ended Twelve Months Ended

3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 12/31/2024 12/31/2025

Earnings per share - diluted, as adjusted - Revised $ 6.02  $ 7.14  $ 7.54  $ 8.15  $ 6.38  $ 6.91  $ 7.35  $ 7.16  $ 28.82  $ 27.79

Earnings per share - diluted, as adjusted - Historical $ 5.41  $ 6.53  $ 6.92  $ 7.50  $ 5.73  $ 6.25  $ 6.69  $ 6.50  $ 26.33  $ 25.15

Difference A

$ 0.61  $ 0.61  $ 0.62  $ 0.65  $ 0.65  $ 0.66  $ 0.66  $ 0.66  $ 2.49  $ 2.64

A Reflects the after-tax per share economic tax benefit realized on amortization of goodwill and intangible assets

Virtus Investment Partners, Inc. | One Financial Plaza | Hartford, CT 06103 | www.virtus.com

Reconciliation of Income Tax Expense (Benefit), as Adjusted - Revised to Income Tax Expense (Benefit), as Adjusted - Historical:

Three Months Ended Twelve Months Ended

3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 12/31/2024 12/31/2025

Income tax expense (benefit), as adjusted – Revised $ 10,345  $ 13,170  $ 14,379  $ 15,292  $ 10,440  $ 11,636  $ 12,327  $ 11,011  $ 53,186  $ 45,414

Income tax expense (benefit), as adjusted - Historical $ 14,784  $ 17,608  $ 18,817  $ 19,972  $ 15,056  $ 16,199  $ 16,869  $ 15,580  $ 71,181  $ 63,704

Difference A

$ (4,439) $ (4,438) $ (4,438) $ (4,680) $ (4,616) $ (4,563) $ (4,542) $ (4,569) $ (17,995) $ (18,290)

A Reflects the economic tax (benefit) realized on amortization of goodwill and intangible assets

Reconciliation of Net Income (Loss) Attributable to Common Stockholders - Diluted, as Adjusted - Revised to Net Income (Loss) Attributable to Common Stockholders - Diluted, as Adjusted - Historical:

Three Months Ended Twelve Months Ended

3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 12/31/2024 12/31/2025

Net income (loss) attributable to common stockholders, as adjusted - Revised $ 43,838  $ 51,691  $ 54,081  $ 58,199  $ 45,118  $ 47,853  $ 50,483  $ 49,114  $ 207,809  $ 192,568

Net income (loss) attributable to common stockholders, as adjusted - Historical $ 39,399  $ 47,253  $ 49,643  $ 53,519  $ 40,502  $ 43,290  $ 45,941  $ 44,545  $ 189,814  $ 174,278

Difference A

$ 4,439  $ 4,438  $ 4,438  $ 4,680  $ 4,616  $ 4,563  $ 4,542  $ 4,569  $ 17,995  $ 18,290

A Reflects the economic tax benefit realized on amortization of goodwill and intangible assets

Virtus Investment Partners, Inc. | One Financial Plaza | Hartford, CT 06103 | www.virtus.com

Reconciliation of Income Tax Expense (Benefit), GAAP to Income Tax Expense (Benefit), as Adjusted - Revised:

Three Months Ended Twelve Months Ended

3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 12/31/2024 12/31/2025

Income tax expense (benefit), GAAP $ 8,831  $ 11,748  $ 15,797  $ 19,047  $ 12,350  $ 12,403  $ 13,108  $ 13,400  $ 55,423  $ 51,261

Tax impact of:

Amortization of intangible assets, net of tax (1) (446) (465) (1,004) (1,257) (1,197) (1,159) (1,175) (1,297) (3,172) (4,828)

Restructuring expense, net of tax (2) 208  180  —  —  —  —  180  —  388  180

Deferred compensation and related investments (3) (104) 142  (136) 133  162  (115) 41  82  35  170

Acquisition and integration expenses, net of tax (4) 271  (575) (811) 678  110  (678) 118  762  (437) 312

Other, net of tax (5) 1,056  1,415  (135) (124) (918) 43  (11) 1,971  2,212  1,085

Seed capital and CLO investment (gains) losses, net of tax (6) 529  725  668  (3,185) (67) 1,142  66  (3,907) (1,263) (2,766)

Income tax expense (benefit), as adjusted - Revised $ 10,345  $ 13,170  $ 14,379  $ 15,292  $ 10,440  $ 11,636  $ 12,327  $ 11,011  $ 53,186  $ 45,414

Effective tax rate, GAAP 18.9  % 31.1  % 24.3  % 32.6  % 30.6  % 22.5  % 29.5  % 28.4  % 26.7  % 27.4  %

Effective tax rate, as adjusted - Revised 18.2  % 19.6  % 20.4  % 20.3  % 18.3  % 18.9  % 19.0  % 17.9  % 19.7  % 18.5  %

Virtus Investment Partners, Inc. | One Financial Plaza | Hartford, CT 06103 | www.virtus.com

Reconciliation of Income Tax Expense (Benefit), GAAP to Income Tax Expense (Benefit), as Adjusted - Historical:

Three Months Ended Twelve Months Ended

3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 12/31/2024 12/31/2025

Income tax expense (benefit), GAAP $ 8,831  $ 11,748  $ 15,797  $ 19,047  $ 12,350  $ 12,403  $ 13,108  $ 13,400  $ 55,423  $ 51,261

Tax impact of:

Amortization of intangible assets, net of tax (1) 3,993  3,973  3,434  3,423  3,419  3,404  3,367  3,272  14,823  13,462

Restructuring expense, net of tax (2) 208  180  —  —  —  —  180  —  388  180

Deferred compensation and related investments (3) (104) 142  (136) 133  162  (115) 41  82  35  170

Acquisition and integration expenses, net of tax (4) 271  (575) (811) 678  110  (678) 118  762  (437) 312

Other, net of tax (5) 1,056  1,415  (135) (124) (918) 43  (11) 1,971  2,212  1,085

Seed capital and CLO investment (gains) losses, net of tax (6) 529  725  668  (3,185) (67) 1,142  66  (3,907) (1,263) (2,766)

Income tax expense (benefit), as adjusted - Historical $ 14,784  $ 17,608  $ 18,817  $ 19,972  $ 15,056  $ 16,199  $ 16,869  $ 15,580  $ 71,181  $ 63,704

Effective tax rate, GAAP 18.9  % 31.1  % 24.3  % 32.6  % 30.6  % 22.5  % 29.5  % 28.4  % 26.7  % 27.4  %

Effective tax rate, as adjusted - Historical 26.0  % 26.1  % 26.7  % 26.6  % 26.4  % 26.3  % 26.0  % 25.3  % 26.4  % 26.0  %

Virtus Investment Partners, Inc. | One Financial Plaza | Hartford, CT 06103 | www.virtus.com

Reconciliation of Net Income (Loss) Attributable to Common Stockholders, GAAP to Net Income (Loss) Attributable to Common Stockholders, as Adjusted - Revised:

Three Months Ended Twelve Months Ended

3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 12/31/2024 12/31/2025

Net income (loss) attributable to common stockholders, GAAP $ 29,858  $ 17,614  $ 40,980  $ 33,294  $ 28,647  $ 42,373  $ 31,926  $ 35,450  $ 121,746  $ 138,396

Goodwill and intangible assets, net of tax (1) 15,302  15,176  13,857  14,113  14,115  14,077  14,096  14,224  58,448  56,512

Restructuring expense, net of tax (2) 589  510  —  —  —  —  513  —  1,099  513

Deferred compensation and related investments (3) (296) 403  (376) 368  451  (321) 115  242  99  487

Acquisition and integration expenses, net of tax (4) 771  (1,626) (2,233) 1,875  307  (1,901) 336  2,251  (1,213) 993

Other, net of tax (5) 5,476  8,164  5,595  7,330  53  (3,136) (1,436) (6,163) 26,565  (10,682)

Seed capital and CLO investment (gains) losses, net of tax (6) (7,862) 11,450  (3,742) 1,219  1,545  (3,239) 4,933  3,110  1,065  6,349

Net income (loss) attributable to common stockholders, as adjusted - Revised $ 43,838  $ 51,691  $ 54,081  $ 58,199  $ 45,118  $ 47,853  $ 50,483  $ 49,114  $ 207,809  $ 192,568

Weighted average shares outstanding - diluted 7,287  7,242  7,176  7,139  7,073  6,922  6,867  6,857  7,210  6,929

Earnings (Loss) Per Share - Diluted, GAAP $ 4.10  $ 2.43  $ 5.71  $ 4.66  $ 4.05  $ 6.12  $ 4.65  $ 5.17  $ 16.89  $ 19.97

Earnings (Loss) Per Share - Diluted, as adjusted - Revised $ 6.02  $ 7.14  $ 7.54  $ 8.15  $ 6.38  $ 6.91  $ 7.35  $ 7.16  $ 28.82  $ 27.79

Virtus Investment Partners, Inc. | One Financial Plaza | Hartford, CT 06103 | www.virtus.com

Reconciliation of Net Income (Loss) Attributable to Common Stockholders, GAAP to Net Income (Loss) Attributable to Common Stockholders, as Adjusted - Historical:

Three Months Ended Twelve Months Ended

3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 12/31/2024 12/31/2025

Net income (loss) attributable to common stockholders, GAAP $ 29,858  $ 17,614  $ 40,980  $ 33,294  $ 28,647  $ 42,373  $ 31,926  $ 35,450  $ 121,746  $ 138,396

Amortization of intangible assets, net of tax (1) 10,863  10,738  9,419  9,433  9,499  9,514  9,554  9,655  40,453  38,222

Restructuring expense, net of tax (2) 589  510  —  —  —  —  513  —  1,099  513

Deferred compensation and related investments (3) (296) 403  (376) 368  451  (321) 115  242  99  487

Acquisition and integration expenses, net of tax (4) 771  (1,626) (2,233) 1,875  307  (1,901) 336  2,251  (1,213) 993

Other, net of tax (5) 5,476  8,164  5,595  7,330  53  (3,136) (1,436) (6,163) 26,565  (10,682)

Seed capital and CLO investment (gains) losses, net of tax (6) (7,862) 11,450  (3,742) 1,219  1,545  (3,239) 4,933  3,110  1,065  6,349

Net income (loss) attributable to common stockholders, as adjusted - Historical $ 39,399  $ 47,253  $ 49,643  $ 53,519  $ 40,502  $ 43,290  $ 45,941  $ 44,545  $ 189,814  $ 174,278

Weighted average shares outstanding - diluted 7,287  7,242  7,176  7,139  7,073  6,922  6,867  6,857  7,210  6,929

Earnings (Loss) Per Share - Diluted, GAAP $ 4.10  $ 2.43  $ 5.71  $ 4.66  $ 4.05  $ 6.12  $ 4.65  $ 5.17  $ 16.89  $ 19.97

Earnings (Loss) Per Share - Diluted, as adjusted - Historical $ 5.41  $ 6.53  $ 6.92  $ 7.50  $ 5.73  $ 6.25  $ 6.69  $ 6.50  $ 26.33  $ 25.15

Virtus Investment Partners, Inc. | One Financial Plaza | Hartford, CT 06103 | www.virtus.com

Notes to Reconciliations:

1.Goodwill and intangible assets - Non-cash amortization expense or impairment expense, if any, attributable to acquisition-related goodwill and intangible assets, including any portion that is allocated to noncontrolling interests, and the economic tax benefit realized on amortization of such assets. Management believes that making these adjustments aids in comparing the company’s operating results with other asset management firms that have not engaged in acquisitions as well as comparing prior periods.

2.Restructuring expense - Certain non-recurring expenses associated with restructuring the business, including lease abandonment-related expenses and severance costs associated with staff reductions that are not reflective of ongoing earnings generation of the business. Management believes that making this adjustment aids in comparing the Company's operating results with prior periods.

3.Deferred compensation and related investments - Compensation expense, gains and losses (realized and unrealized), and interest and dividend income related to deferred compensation and related balance sheet investments. Market performance of deferred compensation plans and related investments can vary significantly from period to period. Management believes that making this adjustment aids in comparing the Company's operating results with prior periods

4.Acquisition and integration expenses - Expenses that are directly related to acquisition and integration activities. Acquisition expenses include certain transaction related employment expenses, closing costs, professional fees, and financing fees as well as any change in the fair value of contingent consideration. Integration expenses include costs incurred that are attributable to combining businesses, including compensation, restructuring and severance charges, professional fees, consulting fees, and other expenses. Management believes that making these adjustments aids in comparing the Company’s operating results with other asset management firms that have not engaged in acquisitions.

5.Other - Certain expenses that are not reflective of the ongoing earnings generation of the business. Employment expenses and noncontrolling interests are adjusted to exclude fair value measurements of investment manager minority interests. Other operating expenses are adjusted for non-capitalized debt issuance costs, amortization of lease termination fees and transition related expense (benefit). Interest expense is adjusted to remove gains on early extinguishment of debt and the write-off of previously capitalized costs in connection with a debt modification. Income tax expense (benefit) items are adjusted for uncertain tax positions, changes in tax law, valuation allowances, and other unusual or infrequent items not related to current operating results to reflect a normalized effective rate. Management believes that making these adjustments aids in comparing the Company’s operating results with prior periods.

Virtus Investment Partners, Inc. | One Financial Plaza | Hartford, CT 06103 | www.virtus.com

6.Seed capital and CLO investments (gains) losses - Gains and losses (realized and unrealized) of seed capital and CLO investments. Gains and losses (realized and unrealized) generated by seed capital and CLO investments can vary significantly from period to period and do not reflect the company’s operating results from providing investment management and related services. Management believes that making this adjustment aids in comparing the Company’s operating results with prior periods and with other asset management firms that do not have meaningful seed capital and CLO investments.

Virtus Investment Partners, Inc. | One Financial Plaza | Hartford, CT 06103 | www.virtus.com

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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

na

Period Type:

duration

X

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

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Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

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Period Type:

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X

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

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dei_WrittenCommunications

Namespace Prefix:

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Data Type:

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