0001752724-24-079316.txt : 20240412 0001752724-24-079316.hdr.sgml : 20240412 20240412121903 ACCESSION NUMBER: 0001752724-24-079316 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240131 FILED AS OF DATE: 20240412 DATE AS OF CHANGE: 20240412 EFFECTIVENESS DATE: 20240412 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Virtus Diversified Income & Convertible Fund CENTRAL INDEX KEY: 0001636289 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23039 FILM NUMBER: 24840572 BUSINESS ADDRESS: STREET 1: 101 MUNSON STREET CITY: GREENFIELD STATE: MA ZIP: 01301 BUSINESS PHONE: (866) 270-7598 MAIL ADDRESS: STREET 1: 101 MUNSON STREET CITY: GREENFIELD STATE: MA ZIP: 01301 FORMER COMPANY: FORMER CONFORMED NAME: Virtus AllianzGI Diversified Income & Convertible Fund DATE OF NAME CHANGE: 20210212 FORMER COMPANY: FORMER CONFORMED NAME: Virtus AllianzGI Diversified Income & Convertible DATE OF NAME CHANGE: 20210210 FORMER COMPANY: FORMER CONFORMED NAME: AllianzGI Diversified Income & Convertible Fund DATE OF NAME CHANGE: 20150325 N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001636289 XXXXXXXX 811-23039 false false false N-2 Virtus Diversified Income & Convertible Fund 811-23039 0001636289 5493008LTG04SBNLT367 101 MUNSON STREET GREENFIELD 01301-9668 US-MA US 866-270-7788 Voya Investment Management Co. LLC 230 Park Avenue New York 10169 1-800-992-0180 Records related to its function as subadviser. Virtus Investment Advisers, Inc. One Financial Plaza Hartford 06103 800-248-7971 Records related to its functions as Investment Adviser The Bank of New York Mellon 240 Greenwich Street New York 10286 212-495-1784 Records related to its functions as custodian. Virtus Fund Services, LLC One Financial Plaza Hartford 06103 800-243-1574 Records related to its functions as Administrator Computershare Trust Company, N.A. P.O. Box 43078 Providence 02940-3078 888-909-9922 Records related to its function as transfer agent. N N N-2 Y Sarah E. Cogan N/A N Brian T. Zino N/A N R. Keith Walton N/A N Deborah A. DeCotis N/A N F. Ford Drummond N/A N Philip R. McLoughlin N/A N George R. Aylward N/A Y Connie D. McDaniel N/A N Geraldine M. McNamara N/A N Timothy Branigan 005980557 One Financial Plaza 26th Floor Hartford 06013 XXXXXX N N N N N N PricewaterhouseCoopers LLP 238 5493002GVO7EO8RNNS37 N N N N N N Virtus Diversified Income & Convertible Fund 5493008LTG04SBNLT367 N 0 0 0 N/A N N Y N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Rule 18f-4 (17 CFR 270.18f-4) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Rule 12d1-4 (17 CFR 270.12d1-4) Y Y Y N Virtus Investment Advisers, Inc. 801-5995 000106982 5493008GM1PP47SEXR11 N Voya Investment Management Co. LLC 801-9046 000106494 L1XJE5NM4QE6WXSI2J24 N N Computershare Trust Company N.A. 85-11340 2549001YYB62BVMSAO13 N N N IHS Markit Ltd. 549300HLPTRASHS0E726 BM N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N PRICINGDIRECT INC. 549300WIC0TOJ7N7GD54 N Bloomberg Finance L.P. 5493001KJTIIGC8Y1R12 N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Computershare Trust Company N.A. 2549001YYB62BVMSAO13 N N N Virtus Fund Services, LLC 084-06485 SEC file number Y N N VP Distributors, LLC 008-14100 000003036 549300IW1QX018U5W603 0.00000000 WELLS FARGO SECURITIES, LLC 008-65876 000126292 VYVVCKR63DVZZN70PB21 2551.00000000 MORGAN STANLEY & CO. LLC 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 4581.00000000 GOLDMAN SACHS & CO. LLC 008-00129 000000361 FOR8UP27PHTHYVLBNG30 3354.00000000 PIPER SANDLER & CO. 008-15204 000000665 549300GRQCWQ3XGH0H10 2612.00000000 BOFA SECURITIES, INC. 008-69787 000283942 549300HN4UKV1E2R3U73 3270.00000000 J.P. Morgan Securities LLC 008-35008 000000079 ZBUT11V806EZRVTWT807 2973.00000000 BARCLAYS CAPITAL, INC. 008-41342 000019714 AC28XWWI3WIBK2824319 3771.00000000 UBS Securities LLC 008-22651 000007654 T6FIZBDPKLYJKFCRVK44 3072.00000000 OPPENHEIMER & CO. INC. 008-04077 000000249 254900VH02JQR2L8XD64 3097.00000000 WILLIAM BLAIR 008-02698 000001252 549300J0P7XYE8BMZ775 3347.00000000 41272.00000000 NOMURA SECURITIES INTERNATIONAL, INC. 008-15255 000004297 OXTKY6Q8X53C9ILVV871 36678982.00000000 MIZUHO SECURITIES USA, INC. 008-37710 000019647 7TK5RJIZDFROZCA6XF66 34236424.00000000 GOLDMAN SACHS & CO. LLC 008-00129 000000361 FOR8UP27PHTHYVLBNG30 57961449.00000000 WELLS FARGO SECURITIES, LLC 008-65876 000126292 VYVVCKR63DVZZN70PB21 33851242.00000000 J.P. 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Report of Independent Registered Public Accounting Firm

To the Board of Trustees and Shareholders of Virtus Artificial Intelligence & Technology Opportunities Fund, Virtus Convertible

&Income 2024 Target Term Fund, Virtus Convertible & Income Fund, Virtus Convertible & Income Fund II, Virtus Diversified Income & Convertible Fund, Virtus Dividend, Interest & Premium Strategy Fund, and Virtus Equity & Convertible Income Fund (hereinafter referred to as "the Funds")

In planning and performing our audits of the financial statements of Virtus Artificial Intelligence & Technology Opportunities Fund, Virtus Convertible & Income 2024 Target Term Fund, Virtus Convertible & Income Fund, Virtus Convertible & Income Fund II, Virtus Diversified Income & Convertible Fund, Virtus Dividend, Interest & Premium Strategy Fund, and Virtus Equity & Convertible Income Fund (hereafter collectively referred to as the "Funds"), as of and for the year ended January 31, 2024, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinions on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and their operations, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of January 31, 2024.

This report is intended solely for the information and use of the Board of Trustees of Virtus Artificial Intelligence & Technology Opportunities Fund, Virtus Convertible & Income 2024 Target Term Fund, Virtus Convertible & Income Fund, Virtus Convertible & Income Fund II, Virtus Diversified Income & Convertible Fund, Virtus Dividend, Interest & Premium Strategy Fund, and Virtus Equity & Convertible Income Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ PricewaterhouseCoooers LLP

Philadelphia, Pennsylvania

March 27, 2024

PricewaterhouseCoopers LLP, Two Commerce Square, 2001 Market Street, Suite 1800, Philadelphia, PA 19103-7042 T: (267) 330-3000, F: (267) 330-3300, www .pwc.com/us