Virtus Global Multi-Sector Income Fund Announces Monthly Distribution, Payable on December 20, 2021, January 10, 2022, February 18, 2022 and March 18, 2022
November 18, 2021 at 04:30 pm
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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.
Virtus Global Multi-Sector Income Fund (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to maximize current income while preserving capital. The Fund seeks to generate high current income and total return by applying credit research to capitalize on opportunities across undervalued sectors of the global bond markets. The Fund's portfolio includes sectors, such as consumer discretionary, energy, consumer staples, financials, healthcare, industrials, information technology, materials, real estate, telecommunication services and utilities. The Fund may invest in direct debt instruments, which are interests in amounts owed by a corporate, governmental, or other borrower to lenders or lending syndicates. The Fund may invest in obligations of borrowers in bankruptcy proceedings. The investment adviser of the Fund's is Virtus Investment Advisers, Inc. Newfleet Asset Management, LLC serves as the Fund's sub-advisor.
Virtus Global Multi-Sector Income Fund Announces Monthly Distribution, Payable on December 20, 2021, January 10, 2022, February 18, 2022 and March 18, 2022