Virtus Global Multi-Sector Income Fund Declares Monthly Distribution, Payable on January 10, 2017
January 03, 2017 at 06:31 pm
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Virtus Global Multi-Sector Income Fund declared a monthly distribution of $0.156 per share. The distribution will be payable on January 10, 2017, with record date of December 30, 2016. The ex-dividend date for the distribution will be January 5, 2017.
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.