Virtus Investment Partners, Inc. (NASDAQ: VRTS) is an independent publicly traded asset management company providing investment management products and services to individuals and institutions. The company previously was a wholly owned subsidiary of The Phoenix Companies, Inc. (NYSE: PNX), known as Phoenix Investment Partners.
Shareholders of Phoenix’s common stock as of December 22, 2008, which was the record date for the distribution, received shares of Virtus common stock on the distribution date, December 31, 2008.
As a shareholder of PNX common stock on the record date, you were entitled to receive one share of Virtus common stock for every 20 shares of PNX common stock that you held on the record date. If you owned fewer than 20 shares of PNX common stock as of the record date, you received a check for cash in lieu of Virtus stock. Phoenix did not issue fractional shares of Virtus stock, so you did not receive a check for cash in lieu of fractional shares of Virtus stock.
If you received shares of VRTS common stock as part of the spin-off from Phoenix, your tax basis is equal to $9.52, which was its fair market value at the time of the spin-off. Your new holding period in our common stock began the day after the spin-off (January 1, 2009).
Virtus common and mandatory convertible preferred shares are traded on NASDAQ. Its common stock ticker symbol is VRTS and the stock ticker for the mandatory convertible preferred shares is VRTSP.
The common stock CUSIP number is 92828Q109 and the mandatory convertible preferred stock CUSIP number is 92828Q208.
Purchases of Virtus common stock must be made through a broker or other financial institution.
At this time, Virtus does not have a Direct Stock Purchase Plan. Purchases of Virtus common stock must be made through a broker or other financial institution.
Broadridge Corporate Issuer Solutions, Inc. acts as transfer agent for Virtus. In this capacity, Broadridge maintains stockholder records for Virtus common and mandatory convertible preferred stock; performs all stock registrations, transfers and disbursements; and handles shareholder account requests, including change of address, dividend checks and duplicate 1099s. For more information about your account, go to the Virtus Shareholder Page.
You can contact Virtus Shareowner Services by any one of the following methods:
- Telephone: 866-205-7273
- Internet: http://shareholder.broadridge.com/VRTS
- E-mail: Click on “Contact Us” at the top of this page. For your protection, please do not include any personal or confidential information, such as a Social Security number, via E-mail message.
- Mail: Written correspondence should be mailed to:
Regular Mail: Broadridge Corporate Issuer Solutions, Inc. – PO Box1342 –Brentwood, NY 11717
Overnight Delivery: Broadridge Corporate Issuer Solutions, Inc. – Attn: IWS – 1155 Long Island Avenue – Edgewood, NY 11717
Go to http://shareholder.broadridge.com/VRTS and click on “Log In” to get information about your account.
Virtus Shareowner Services allows you to perform these transactions via the telephone:
- Obtain account balances
- Change of address
- Obtain information on how to transfer ownership of stock
- Obtain instructions to re-register ownership of stock jointly with others
- Request an account statement
- Request tax forms
You may transfer your shares electronically to your brokerage account by providing your broker with your Broadridge account information and the number of shares you wish to transfer. Your broker can then process your request by utilizing the “Profile” feature of the Direct Registration System (DRS). Your broker can contact Virtus Shareowner Services at 866-205-7273 for instructions.
If your stock is held in your Broadridge account, you may go to http://shareholder.broadridge.com/VRTS to sell your stock. If your stock is held in a brokerage account, you must contact your broker for instructions on how to sell your stock.
If your stock is held in your Broadridge account, you will need to contact Virtus Shareowner Services at 866-205-7273 to obtain transfer instructions for the transfer of ownership of your stock. If your stock is held in a brokerage account, you must contact your broker for instructions on how to transfer ownership of your stock or re-register your stock jointly with others.
“Book-entry form" is registered ownership of stock without the issuance of a corresponding stock certificate. Periodic statements of ownership are issued instead of certificates.
Shares of stock held in the name of a broker for a client are said to be held in "street name." This occurs when a client wishes their shares be held by the broker. Any dividends, paid by Virtus on any common stock that is held in street name, are processed by the broker and credited to the client's account.
This information can be on the Reports and SEC Filings page of this website.
PricewaterhouseCoopers LLP is the independent registered public accounting firm for Virtus.