Item 8.01 Other Events.
On July 4, 2020, certain wholly-owned subsidiaries of Virtus Investment
Partners, Inc. (the "Company") entered into a Strategic Alliance Agreement (the
"Agreement") with Allianz Global Investors U.S. LLC ("AllianzGI U.S.") and
Allianz Global Investors Distributors LLC. Pursuant to the Agreement, such
subsidiaries of the Company will become the investment adviser, distributor
and/or administrator to select AllianzGI U.S. retail products, including
open-end mutual funds and closed-end mutual funds (collectively, the "Funds"),
retail separate accounts, collective investment trusts and 529 plan accounts,
while AllianzGI U.S. will continue to be responsible for day-to-day portfolio
management through sub-advisory arrangements. Additionally, members of the
AllianzGI U.S. Dallas-based Value Equity team have agreed to join a Virtus
affiliate as sub-advisor to certain open-end mutual funds.
The Agreement is subject to certain closing conditions, including, but not
limited to (i) the approval of the investment management agreements and
sub-advisory agreements by the Funds' Boards of Trustees and shareholders, and
(ii) the receipt of certain third-party consents. There are no payments required
under the Agreement at closing, which is expected to occur in the fourth quarter
of 2020. A copy of the press release issued by the Company and Allianz Global
Investors announcing the strategic partnership is attached hereto as Exhibit 99
and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Press Release of Virtus Investment Partners, Inc. and Allianz Global
99 Investors dated July 7, 2020.
Cover Page Interactive Data File (embedded within the Inline XBRL
104 document).
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