Virtus Global Multi-Sector Income Fund Announces Monthly Distributions, Payable on June 23, 2023, July 25, 2023 and August 23, 2023 Respectively
May 25, 2023 at 04:36 pm
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Virtus Global Multi-Sector Income Fund announced monthly distributions of $0.08, payable on June 23, 2023, July 25, 2023 and August 23, 2023 to the recorded shareholders on June 12, 2023, July 13, 2023 and August 11, 2023 and the ex-date is June 9, 2023, July 12, 2023 and August 10, 2023 respectively.
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.