Virtus Investment Partners
earlier this month filed a shelf registration statement with the SEC
which, when declared effective, would enable the Hartford, Connecticut-based mutual fund firm to raise up to $100 million through the sale of equity or debt.
Virtus officials were quick to note, however, that there are no immediate plans or current commitments to do so.
"This registration, which is a common component of a public company's capital structure, gives us greater financial flexibility for the future,"
said Virtus president and CEO George Aylward
in an April 8 press release
Virtus spun off from the Phoenix Companies
in December 2008.
Stay ahead of the news ... Sign up for our email alerts now