HARTFORD, Conn., June 29, 2017 /PRNewswire/ -- The Virtus Global Dividend &
Income Fund Inc. (NYSE: ZTR) announced today that, in accordance with its tender offer for up to 5 percent of its issued and
outstanding shares of common stock, which expired at 11:59 p.m., New
York time, on June 23, 2017, the fund has accepted 1,283,635.68 shares, representing 5
percent of its outstanding shares, for payment on or about June 30, 2017.
A total of 1,563,521.82 shares were properly tendered and not withdrawn by June 23, 2017, the
final date for withdrawals. Therefore, on a pro-rated basis, approximately 82.108 percent of the shares so tendered by each
tendering stockholder have been accepted for payment. The purchase price of properly tendered shares is 98 percent of the net
asset value per share determined as of the close of the regular trading session of the New York Stock Exchange (NYSE) on
June 23, 2017, which is equal to $12.6714 per share.
About the Fund
The Virtus
Global Dividend & Income Fund Inc. is a diversified closed-end fund that seeks to generate total return, consisting of
capital appreciation and income. Virtus Investment Advisers is the adviser to the fund and Kayne Anderson Rudnick and Newfleet Asset Management
are subadvisers. The fund's investment strategy has a current target allocation of 60 percent equities, incorporating
Kayne Anderson Rudnick's global dividend yield strategy, and 40 percent fixed income, using
Newfleet's multi-sector core plus strategy. The fund also pursues an options income strategy whereby it purchases and sells
out-of-the money puts and calls, creating an options spread.
For more information about 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.
Fund Risks
An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be
worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a discount to their net
asset value.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/virtus-global-dividend--income-fund-inc-announces-final-results-of-tender-offer-300482200.html
SOURCE Virtus Global Dividend & Income Fund Inc.