Virtus Global Multi-Sector Income Fund announced that it will remove its managed distribution plan, effective with the December distribution. The fund intends to maintain its level payout at the current distribution rate of $0.08 per share. Payable dates are December 20, 2021, January 10, 2022, February 18, 2022 and March 18, 2022. Record Dates are December 13, 2021,December 31, 2021, February 11, 2022 and March 11, 2022. Ex-Dates are December 10, 2021, January 5, 2022, February 10, 2022 and March 10, 2022. For the distribution with the record date of December 31, 2021, the Fund intends to distribute the greater of $0.08 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 a supplemental distribution over the $0.08 per share, if any, will be announced on January 3, 2022.