<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0505</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001636289</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>811-23039</fileNumber>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-2</investmentCompanyType>
    </filerInfo>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2026-01-31" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>Virtus Diversified Income &amp; Convertible Fund</registrantFullName>
      <investmentCompFileNo>811-23039</investmentCompFileNo>
      <registrantCik>0001636289</registrantCik>
      <registrantLei>5493008LTG04SBNLT367</registrantLei>
      <registrantstreet1>101 MUNSON STREET</registrantstreet1>
      <registrantcity>GREENFIELD</registrantcity>
      <registrantzipCode>01301-9668</registrantzipCode>
      <registrantstate>US-MA</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>866-270-7788</registrantphoneNumber>
      <websites>
        <website webpage="www.virtus.com"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Computershare Trust Company, N.A.</officeName>
          <officeAddress1>P.O. Box 43078</officeAddress1>
          <officeCity>Providence</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-RI"/>
          <officeRecordsZipCode>02940-3078</officeRecordsZipCode>
          <officePhone>888-909-9922</officePhone>
          <booksRecordsDesc>Records related to its function as transfer agent.</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>The Bank of New York Mellon</officeName>
          <officeAddress1>240 Greenwich Street</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10286</officeRecordsZipCode>
          <officePhone>212-495-1784</officePhone>
          <booksRecordsDesc>Records related to its functions as custodian.</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Virtus Fund Services, LLC</officeName>
          <officeAddress1>One Financial Plaza</officeAddress1>
          <officeCity>Hartford</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CT"/>
          <officeRecordsZipCode>06103</officeRecordsZipCode>
          <officePhone>800-243-1574</officePhone>
          <booksRecordsDesc>Records related to its functions as Administrator</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Virtus Investment Advisers, LLC</officeName>
          <officeAddress1>One Financial Plaza</officeAddress1>
          <officeCity>Hartford</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CT"/>
          <officeRecordsZipCode>06103</officeRecordsZipCode>
          <officePhone>800-248-7971</officePhone>
          <booksRecordsDesc>Records related to its functions as Investment Adviser</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Voya Investment Management Co. LLC</officeName>
          <officeAddress1>230 Park Avenue</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10169</officeRecordsZipCode>
          <officePhone>1-800-992-0180</officePhone>
          <booksRecordsDesc>Records related to its function as subadviser.</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="Virtus Funds"/>
      <registrantClassificationType>N-2</registrantClassificationType>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Brian T. Zino</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00945"/>
            <fileNumberInfo fileNumber="811-03445"/>
            <fileNumberInfo fileNumber="811-04642"/>
            <fileNumberInfo fileNumber="811-05620"/>
            <fileNumberInfo fileNumber="811-06161"/>
            <fileNumberInfo fileNumber="811-07455"/>
            <fileNumberInfo fileNumber="811-07705"/>
            <fileNumberInfo fileNumber="811-09140"/>
            <fileNumberInfo fileNumber="811-21279"/>
            <fileNumberInfo fileNumber="811-21284"/>
            <fileNumberInfo fileNumber="811-21338"/>
            <fileNumberInfo fileNumber="811-21417"/>
            <fileNumberInfo fileNumber="811-21989"/>
            <fileNumberInfo fileNumber="811-22167"/>
            <fileNumberInfo fileNumber="811-22473"/>
            <fileNumberInfo fileNumber="811-22608"/>
            <fileNumberInfo fileNumber="811-22818"/>
            <fileNumberInfo fileNumber="811-22906"/>
            <fileNumberInfo fileNumber="811-23446"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Connie D. McDaniel</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00945"/>
            <fileNumberInfo fileNumber="811-03445"/>
            <fileNumberInfo fileNumber="811-04642"/>
            <fileNumberInfo fileNumber="811-05620"/>
            <fileNumberInfo fileNumber="811-06161"/>
            <fileNumberInfo fileNumber="811-07455"/>
            <fileNumberInfo fileNumber="811-07705"/>
            <fileNumberInfo fileNumber="811-09140"/>
            <fileNumberInfo fileNumber="811-21279"/>
            <fileNumberInfo fileNumber="811-21284"/>
            <fileNumberInfo fileNumber="811-21338"/>
            <fileNumberInfo fileNumber="811-21417"/>
            <fileNumberInfo fileNumber="811-21989"/>
            <fileNumberInfo fileNumber="811-22167"/>
            <fileNumberInfo fileNumber="811-22473"/>
            <fileNumberInfo fileNumber="811-22608"/>
            <fileNumberInfo fileNumber="811-22818"/>
            <fileNumberInfo fileNumber="811-22906"/>
            <fileNumberInfo fileNumber="811-23446"/>
            <fileNumberInfo fileNumber="811-23968"/>
            <fileNumberInfo fileNumber="811-24038"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Deborah A. DeCotis</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00945"/>
            <fileNumberInfo fileNumber="811-03445"/>
            <fileNumberInfo fileNumber="811-04642"/>
            <fileNumberInfo fileNumber="811-05620"/>
            <fileNumberInfo fileNumber="811-06161"/>
            <fileNumberInfo fileNumber="811-07455"/>
            <fileNumberInfo fileNumber="811-07705"/>
            <fileNumberInfo fileNumber="811-07816"/>
            <fileNumberInfo fileNumber="811-08216"/>
            <fileNumberInfo fileNumber="811-09721"/>
            <fileNumberInfo fileNumber="811-10379"/>
            <fileNumberInfo fileNumber="811-10555"/>
            <fileNumberInfo fileNumber="811-21076"/>
            <fileNumberInfo fileNumber="811-21078"/>
            <fileNumberInfo fileNumber="811-21238"/>
            <fileNumberInfo fileNumber="811-21279"/>
            <fileNumberInfo fileNumber="811-21284"/>
            <fileNumberInfo fileNumber="811-21311"/>
            <fileNumberInfo fileNumber="811-21338"/>
            <fileNumberInfo fileNumber="811-21374"/>
            <fileNumberInfo fileNumber="811-21417"/>
            <fileNumberInfo fileNumber="811-21601"/>
            <fileNumberInfo fileNumber="811-21734"/>
            <fileNumberInfo fileNumber="811-21989"/>
            <fileNumberInfo fileNumber="811-22167"/>
            <fileNumberInfo fileNumber="811-22473"/>
            <fileNumberInfo fileNumber="811-22608"/>
            <fileNumberInfo fileNumber="811-22673"/>
            <fileNumberInfo fileNumber="811-22818"/>
            <fileNumberInfo fileNumber="811-22906"/>
            <fileNumberInfo fileNumber="811-23211"/>
            <fileNumberInfo fileNumber="811-23314"/>
            <fileNumberInfo fileNumber="811-23390"/>
            <fileNumberInfo fileNumber="811-23446"/>
            <fileNumberInfo fileNumber="811-23505"/>
            <fileNumberInfo fileNumber="811-23648"/>
            <fileNumberInfo fileNumber="811-23749"/>
            <fileNumberInfo fileNumber="811-23781"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Donald C. Burke</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00945"/>
            <fileNumberInfo fileNumber="811-03445"/>
            <fileNumberInfo fileNumber="811-04642"/>
            <fileNumberInfo fileNumber="811-04915"/>
            <fileNumberInfo fileNumber="811-05620"/>
            <fileNumberInfo fileNumber="811-06161"/>
            <fileNumberInfo fileNumber="811-06416"/>
            <fileNumberInfo fileNumber="811-07455"/>
            <fileNumberInfo fileNumber="811-07705"/>
            <fileNumberInfo fileNumber="811-09140"/>
            <fileNumberInfo fileNumber="811-21279"/>
            <fileNumberInfo fileNumber="811-21284"/>
            <fileNumberInfo fileNumber="811-21338"/>
            <fileNumberInfo fileNumber="811-21417"/>
            <fileNumberInfo fileNumber="811-21989"/>
            <fileNumberInfo fileNumber="811-22167"/>
            <fileNumberInfo fileNumber="811-22473"/>
            <fileNumberInfo fileNumber="811-22533"/>
            <fileNumberInfo fileNumber="811-22608"/>
            <fileNumberInfo fileNumber="811-22818"/>
            <fileNumberInfo fileNumber="811-22906"/>
            <fileNumberInfo fileNumber="811-23446"/>
            <fileNumberInfo fileNumber="811-23968"/>
            <fileNumberInfo fileNumber="811-24038"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>F. Ford Drummond</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00945"/>
            <fileNumberInfo fileNumber="811-03445"/>
            <fileNumberInfo fileNumber="811-04642"/>
            <fileNumberInfo fileNumber="811-05620"/>
            <fileNumberInfo fileNumber="811-06161"/>
            <fileNumberInfo fileNumber="811-07455"/>
            <fileNumberInfo fileNumber="811-07705"/>
            <fileNumberInfo fileNumber="811-21279"/>
            <fileNumberInfo fileNumber="811-21284"/>
            <fileNumberInfo fileNumber="811-21338"/>
            <fileNumberInfo fileNumber="811-21417"/>
            <fileNumberInfo fileNumber="811-21989"/>
            <fileNumberInfo fileNumber="811-22167"/>
            <fileNumberInfo fileNumber="811-22473"/>
            <fileNumberInfo fileNumber="811-22608"/>
            <fileNumberInfo fileNumber="811-22818"/>
            <fileNumberInfo fileNumber="811-22906"/>
            <fileNumberInfo fileNumber="811-23446"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>George R. Aylward</directorName>
          <crdNumber>004932163</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00945"/>
            <fileNumberInfo fileNumber="811-03445"/>
            <fileNumberInfo fileNumber="811-04642"/>
            <fileNumberInfo fileNumber="811-04915"/>
            <fileNumberInfo fileNumber="811-05620"/>
            <fileNumberInfo fileNumber="811-06161"/>
            <fileNumberInfo fileNumber="811-06416"/>
            <fileNumberInfo fileNumber="811-07455"/>
            <fileNumberInfo fileNumber="811-07705"/>
            <fileNumberInfo fileNumber="811-09140"/>
            <fileNumberInfo fileNumber="811-21279"/>
            <fileNumberInfo fileNumber="811-21284"/>
            <fileNumberInfo fileNumber="811-21338"/>
            <fileNumberInfo fileNumber="811-21417"/>
            <fileNumberInfo fileNumber="811-21989"/>
            <fileNumberInfo fileNumber="811-22167"/>
            <fileNumberInfo fileNumber="811-22473"/>
            <fileNumberInfo fileNumber="811-22533"/>
            <fileNumberInfo fileNumber="811-22608"/>
            <fileNumberInfo fileNumber="811-22818"/>
            <fileNumberInfo fileNumber="811-22906"/>
            <fileNumberInfo fileNumber="811-23078"/>
            <fileNumberInfo fileNumber="811-23446"/>
            <fileNumberInfo fileNumber="811-23968"/>
            <fileNumberInfo fileNumber="811-24038"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>R. Keith Walton</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00945"/>
            <fileNumberInfo fileNumber="811-03445"/>
            <fileNumberInfo fileNumber="811-04642"/>
            <fileNumberInfo fileNumber="811-05620"/>
            <fileNumberInfo fileNumber="811-06161"/>
            <fileNumberInfo fileNumber="811-07455"/>
            <fileNumberInfo fileNumber="811-07705"/>
            <fileNumberInfo fileNumber="811-07912"/>
            <fileNumberInfo fileNumber="811-09140"/>
            <fileNumberInfo fileNumber="811-21279"/>
            <fileNumberInfo fileNumber="811-21284"/>
            <fileNumberInfo fileNumber="811-21338"/>
            <fileNumberInfo fileNumber="811-21417"/>
            <fileNumberInfo fileNumber="811-21989"/>
            <fileNumberInfo fileNumber="811-22167"/>
            <fileNumberInfo fileNumber="811-22473"/>
            <fileNumberInfo fileNumber="811-22608"/>
            <fileNumberInfo fileNumber="811-22818"/>
            <fileNumberInfo fileNumber="811-22906"/>
            <fileNumberInfo fileNumber="811-23446"/>
            <fileNumberInfo fileNumber="811-23968"/>
            <fileNumberInfo fileNumber="811-24038"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Sarah E. Cogan</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00945"/>
            <fileNumberInfo fileNumber="811-03445"/>
            <fileNumberInfo fileNumber="811-04642"/>
            <fileNumberInfo fileNumber="811-05620"/>
            <fileNumberInfo fileNumber="811-06161"/>
            <fileNumberInfo fileNumber="811-07455"/>
            <fileNumberInfo fileNumber="811-07705"/>
            <fileNumberInfo fileNumber="811-07816"/>
            <fileNumberInfo fileNumber="811-08216"/>
            <fileNumberInfo fileNumber="811-09721"/>
            <fileNumberInfo fileNumber="811-10379"/>
            <fileNumberInfo fileNumber="811-10555"/>
            <fileNumberInfo fileNumber="811-21076"/>
            <fileNumberInfo fileNumber="811-21078"/>
            <fileNumberInfo fileNumber="811-21238"/>
            <fileNumberInfo fileNumber="811-21279"/>
            <fileNumberInfo fileNumber="811-21284"/>
            <fileNumberInfo fileNumber="811-21311"/>
            <fileNumberInfo fileNumber="811-21338"/>
            <fileNumberInfo fileNumber="811-21374"/>
            <fileNumberInfo fileNumber="811-21417"/>
            <fileNumberInfo fileNumber="811-21601"/>
            <fileNumberInfo fileNumber="811-21734"/>
            <fileNumberInfo fileNumber="811-21989"/>
            <fileNumberInfo fileNumber="811-22167"/>
            <fileNumberInfo fileNumber="811-22473"/>
            <fileNumberInfo fileNumber="811-22608"/>
            <fileNumberInfo fileNumber="811-22673"/>
            <fileNumberInfo fileNumber="811-22818"/>
            <fileNumberInfo fileNumber="811-22906"/>
            <fileNumberInfo fileNumber="811-23211"/>
            <fileNumberInfo fileNumber="811-23314"/>
            <fileNumberInfo fileNumber="811-23390"/>
            <fileNumberInfo fileNumber="811-23446"/>
            <fileNumberInfo fileNumber="811-23505"/>
            <fileNumberInfo fileNumber="811-23648"/>
            <fileNumberInfo fileNumber="811-23749"/>
            <fileNumberInfo fileNumber="811-23781"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Timothy Branigan</ccoName>
          <crdNumber>005980557</crdNumber>
          <ccoStreet1>One Financial Plaza</ccoStreet1>
          <ccoStreet2>26th Floor</ccoStreet2>
          <ccoCity>Hartford</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-CT"/>
          <ccoZipCode>06103</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <securityMatterSeriesInfo isRegistrantSubmittedMatter="Y">
        <seriesInfo seriesName="Virtus Diversified Income &amp; Convertible Fund" seriesId="N/A"/>
      </securityMatterSeriesInfo>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <releaseNumbers isExemptionFromAct="Y">
        <releaseNumberInfo releaseNumber="IC-28368"/>
      </releaseNumbers>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>PricewaterhouseCoopers LLP</publicAccountantName>
          <pcaobNumber>238</pcaobNumber>
          <publicAccountantLei>5493002GVO7EO8RNNS37</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-PA"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <paymentDividendSeries isPaymentDividend="Y">
        <seriesInfo seriesName="Virtus Diversified Income &amp; Convertible Fund" seriesId="N/A"/>
      </paymentDividendSeries>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Virtus Diversified Income &amp; Convertible Fund</mgmtInvFundName>
        <mgmtInvLei>5493008LTG04SBNLT367</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>0</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(e) (17 CFR 270.18f-4(e))</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Virtus Investment Advisers, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-5995</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106982</investmentAdviserCrdNo>
            <investmentAdviserLei>5493008GM1PP47SEXR11</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-DE" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Voya Investment Management Co. LLC</subAdviserName>
            <subAdviserFileNo>801-9046</subAdviserFileNo>
            <subAdviserCrdNo>000106494</subAdviserCrdNo>
            <subAdviserLei>L1XJE5NM4QE6WXSI2J24</subAdviserLei>
            <isSubAdviserAffiliated>N</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-NY" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Computershare Trust Company N.A.</transferAgentName>
            <transferAgentFileNo>85-11340</transferAgentFileNo>
            <transferAgentLei>2549001YYB62BVMSAO13</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-RI" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg Finance L.P.</pricingServiceName>
            <pricingServiceLei>5493001KJTIIGC8Y1R12</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>IHS Markit Ltd.</pricingServiceName>
            <pricingServiceLei>549300HLPTRASHS0E726</pricingServiceLei>
            <pricingServiceCountry>BM</pricingServiceCountry>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Intercontinental Exchange, Inc.</pricingServiceName>
            <pricingServiceLei>5493000F4ZO33MV32P92</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-GA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>PRICINGDIRECT INC.</pricingServiceName>
            <pricingServiceLei>549300WIC0TOJ7N7GD54</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>The Bank of New York Mellon</custodianName>
            <custodianLei>HPFHU0OQ28E4N0NFVK49</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Computershare Trust Company N.A.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>2549001YYB62BVMSAO13</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-RI" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Virtus Fund Services, LLC</adminName>
            <adminLei>N/A</adminLei>
            <adminRssdId>N/A</adminRssdId>
            <adminOther>084-06485</adminOther>
            <idNumberDesc>SEC file number</idNumberDesc>
            <adminStateCountry adminState="US-CT" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>VP Distributors, LLC</brokerDealerName>
            <brokerDealerFileNo>008-14100</brokerDealerFileNo>
            <brokerDealerCrdNo>000003036</brokerDealerCrdNo>
            <brokerDealerLei>549300IW1QX018U5W603</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-CT" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <brokers>
          <broker>
            <brokerName>J.P. Morgan Securities LLC</brokerName>
            <brokerFileNo>008-35008</brokerFileNo>
            <brokerCrdNo>000000079</brokerCrdNo>
            <brokerLei>ZBUT11V806EZRVTWT807</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2467.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>GOLDMAN SACHS &amp; CO. LLC</brokerName>
            <brokerFileNo>008-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2986.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>NOMURA SECURITIES INTERNATIONAL, INC.</brokerName>
            <brokerFileNo>008-15255</brokerFileNo>
            <brokerCrdNo>000004297</brokerCrdNo>
            <brokerLei>OXTKY6Q8X53C9ILVV871</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2281.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>CITIGROUP GLOBAL MARKETS INC.</brokerName>
            <brokerFileNo>008-08177</brokerFileNo>
            <brokerCrdNo>000007059</brokerCrdNo>
            <brokerLei>MBNUM2BPBDO7JBLYG310</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2000.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>UBS Securities LLC</brokerName>
            <brokerFileNo>008-22651</brokerFileNo>
            <brokerCrdNo>000007654</brokerCrdNo>
            <brokerLei>T6FIZBDPKLYJKFCRVK44</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>4008.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>MORGAN STANLEY &amp; CO. LLC</brokerName>
            <brokerFileNo>008-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>3567.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>BARCLAYS CAPITAL, INC.</brokerName>
            <brokerFileNo>008-41342</brokerFileNo>
            <brokerCrdNo>000019714</brokerCrdNo>
            <brokerLei>AC28XWWI3WIBK2824319</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>3840.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>WELLS FARGO SECURITIES, LLC</brokerName>
            <brokerFileNo>008-65876</brokerFileNo>
            <brokerCrdNo>000126292</brokerCrdNo>
            <brokerLei>VYVVCKR63DVZZN70PB21</brokerLei>
            <brokerStateCountry brokerState="US-NC" brokerCountry="US"/>
            <grossCommission>2699.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>BOFA SECURITIES, INC.</brokerName>
            <brokerFileNo>008-69787</brokerFileNo>
            <brokerCrdNo>000283942</brokerCrdNo>
            <brokerLei>549300HN4UKV1E2R3U73</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>5009.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Susquehanna Financial Group LLP</brokerName>
            <brokerFileNo>N/A</brokerFileNo>
            <brokerCrdNo>N/A</brokerCrdNo>
            <brokerLei>549300E8QX0ZMRDC2M81</brokerLei>
            <brokerStateCountry brokerState="US-DE" brokerCountry="US"/>
            <grossCommission>2211.00000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>52504.00000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>J.P. Morgan Securities LLC</principalName>
            <principalFileNo>008-35008</principalFileNo>
            <principalCrdNo>000000079</principalCrdNo>
            <principalLei>ZBUT11V806EZRVTWT807</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>112161130.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>GOLDMAN SACHS &amp; CO. LLC</principalName>
            <principalFileNo>008-00129</principalFileNo>
            <principalCrdNo>000000361</principalCrdNo>
            <principalLei>FOR8UP27PHTHYVLBNG30</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>83008472.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>JEFFERIES LLC</principalName>
            <principalFileNo>008-15074</principalFileNo>
            <principalCrdNo>000002347</principalCrdNo>
            <principalLei>58PU97L1C0WSRCWADL48</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>38657931.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>NOMURA SECURITIES INTERNATIONAL, INC.</principalName>
            <principalFileNo>008-15255</principalFileNo>
            <principalCrdNo>000004297</principalCrdNo>
            <principalLei>OXTKY6Q8X53C9ILVV871</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>30856688.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>CitiGroup Global Markets Inc.</principalName>
            <principalFileNo>008-08177</principalFileNo>
            <principalCrdNo>000007059</principalCrdNo>
            <principalLei>MBNUM2BPBDO7JBLYG310</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>66479007.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>UBS SECURITIES LLC</principalName>
            <principalFileNo>008-22651</principalFileNo>
            <principalCrdNo>000007654</principalCrdNo>
            <principalLei>T6FIZBDPKLYJKFCRVK44</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>55853760.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>MORGAN STANLEY &amp; CO. LLC</principalName>
            <principalFileNo>008-15869</principalFileNo>
            <principalCrdNo>000008209</principalCrdNo>
            <principalLei>9R7GPTSO7KV3UQJZQ078</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>58326266.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BARCLAYS CAPITAL, INC.</principalName>
            <principalFileNo>008-41342</principalFileNo>
            <principalCrdNo>000019714</principalCrdNo>
            <principalLei>AC28XWWI3WIBK2824319</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>62152848.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>WELLS FARGO SECURITIES, LLC</principalName>
            <principalFileNo>008-65876</principalFileNo>
            <principalCrdNo>000126292</principalCrdNo>
            <principalLei>VYVVCKR63DVZZN70PB21</principalLei>
            <principalStateCountry principalState="US-NC" principalCountry="US"/>
            <principalTotalPurchaseSale>36238475.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BOFA SECURITIES, INC.</principalName>
            <principalFileNo>008-69787</principalFileNo>
            <principalCrdNo>000283942</principalCrdNo>
            <principalLei>549300HN4UKV1E2R3U73</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>85677850.00000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>689801648.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>245986942.58000000</mnthlyAvgNetAssets>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>Virtus Diversified Income &amp; Convertible Fund</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="XNYS" commonStockTickerSymbol="ACV"/>
          </commonStocks>
        </securityRelatedItem>
        <securityRelatedItem>
          <description>Bonds</description>
          <securityClassTitle>Senior Secured Note</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="N/A" commonStockTickerSymbol="N/A"/>
          </commonStocks>
        </securityRelatedItem>
      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <isSecondaryOffering>N</isSecondaryOffering>
      <repurchaseSecurities isRepurchaseSecurity="Y">
        <repurchaseSecurityType>Preferred stock</repurchaseSecurityType>
      </repurchaseSecurities>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>1.43000000</managementFee>
      <netOperatingExpenses>3.63000000</netOperatingExpenses>
      <marketPricePerShare>27.89000000</marketPricePerShare>
      <netAssetValuePerShare>25.91000000</netAssetValuePerShare>
    </closedEndManagementInvestment>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
      <isMaterialAmendments>false</isMaterialAmendments>
      <isInstDefiningRights>false</isInstDefiningRights>
      <isNewOrAmendedInvAdvContracts>false</isNewOrAmendedInvAdvContracts>
      <isInfoItem405>false</isInfoItem405>
      <isCodeOfEthics>false</isCodeOfEthics>
    </attachmentsTab>
    <signature registrantSignedName="Virtus Diversified Income &amp; Convertible Fund" signedDate="2026-04-14" signature="Nikita Thaker" title="Vice President and Assistant Treasurer"/>
  </formData>
</edgarSubmission>
