HARTFORD, Conn., Dec. 19, 2016 /PRNewswire/ -- Virtus Global
Multi-Sector Income Fund (NYSE: VGI) recently announced that its board of directors declared a distribution payable
January 10, 2017 to shareholders of record on December 30, 2016.
|
Amount of
Distribution
|
Ex-Date
|
Record Date
|
Payable Date
|
|
$0.156
|
January 5, 2017
|
December 30, 2016
|
January 10, 2017
|
The fund intends to distribute the greater of $0.156 per share or all available net investment
income and net short and long term capital gains, in accordance with requirements under the Internal Revenue Code of 1986, as
amended. The amount of any supplemental distribution over the $0.156 per share, if any, will be
announced on January 3, 2017.
Distributions may represent earnings from net investment income, capital gains, or if necessary, return of capital. In
addition, distributions may include net realized long-term capital gains as permitted by the Investment Company Act of 1940.
There is no guarantee that the fund will realize capital gains in any given year. Distributions are subject to
re-characterization for tax purposes after the end of the fiscal year. All shareholders with taxable accounts will receive
written notification regarding the components and tax treatment for distributions via Form 1099-DIV. Distributions from the fund
are generally subject to federal income taxes.
About the Fund
The Virtus
Global Multi-Sector Income Fund is a diversified closed-end fund that seeks to maximize current income while preserving
capital by giving investors an opportunity to benefit from broadly diversified holdings across the major domestic and
international fixed-income sectors. It is managed by Newfleet Asset Management, LLC, an affiliated manager of Virtus Investment
Partners, Inc. that specializes in multi-sector fixed income investing. For more information on the fund, contact shareholder
services at (866) 270-7788, by email at closedendfunds@virtus.com, or through the closed end fund section on
the web at www.virtus.com. An investment in the fund is
subject to risk. The fund's shares may be worth less than what an investor paid for them when they are sold. The options strategy
may not be successful in its objective of increasing distributable income while limiting the risk of loss and could result in
increased losses for investors.
About Newfleet Asset Management
Newfleet
Asset Management, an affiliated manager of Virtus Investment Partners, provides comprehensive fixed income portfolio
management in multiple strategies. The Newfleet Multi-Sector Strategies team that manages the Virtus Global Multi-Sector Income
Fund leverages the knowledge and skill of investment professionals with expertise in every sector of the bond market, including
evolving, specialized, and out-of-favor sectors. The team employs active sector rotation and disciplined risk management to
portfolio construction, avoiding interest rate bets and remaining duration neutral to each strategy's stated benchmark.
About Virtus Investment Partners
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly
committed to the long-term success of individual and institutional investors. For more information visit www.virtus.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/virtus-global-multi-sector-income-fund-authorizes-declaration-of-a-distribution-300380929.html
SOURCE Virtus Global Multi-Sector Income Fund