Virtus Global Multi Sector Income Fund : 2021 VGI Tax Information

VIRTUS CLOSED END FUNDS

2021 TAX INFORMATION - COMMON STOCK SHAREHOLDERS

PLEASE READ CAREFULLY

To assist you and your tax professional in completing your tax return, we are providing you with the following information. The table below indicates the tax character of distributions paid by the Virtus Closed End Funds listed below on its common stock for the calendar year 2021. The distributions paid in January 2022 are reportable in calendar year 2021 for tax purposes. Please consult with your tax advisor for information related to your personal tax situation.

			Per Share			As a Percentage of Ordinary
				Return of	Income Dividends
					Capital
		Ordinary	Return of	Total	Qualified	Dividends
		Percentage
VIRTUS CLOSED END FUND	Symbol	Income	Received
Capital	Distributions		Dividends
		Dividends		Deduction
Virtus Global Multi-Sector Income Fund	VGI	$0.480	$0.560	$1.040	53.85%	0.00%	0.00%
Virtus Total Return Fund Inc.	ZTR	$0.237	$0.723	$0.960	75.31%	76.83%	38.69%

Ordinary Income Dividends (shown in Box 1a of your Form 1099-DIV) - These distributions will be taxed as ordinary income whether received in cash or reinvested in stock.

Capital Gain Distributions (shown in Box 2a of your Form 1099-DIV) - Shows the portion of the Fund's total distributions that represent long term capital gains.

Return of Capital (shown as "Nondividend distributions" in Box 3 of your Form 1099-DIV) - These distributions represent a non-taxable return of capital. These distributions are a tax-free return of capital and should not be reported as income, whether received in cash or reinvested in stock. The distributions from return of capital will, however, reduce your cost basis in the shares.

Qualified Dividends (shown in Box 1b of your Form 1099-DIV) - The percentage of the ordinary income dividends that may be eligible for reduced capital gains tax rates.

Dividends Received Deduction The percentage of the ordinary income dividends that qualify for the dividends received deduction allowed to certain corporate shareholders.

Of the ordinary income dividends paid in 2021 by the Virtus Closed End Funds, no portion was derived from earnings on obligations of the U.S. Government.

If you have any questions on VGI or ZTR, please visit the Virtus Closed End Fund section of our website at Virtus.com or contact Shareholder Services at 1-866-270-7788, Monday through Thursday 8:30 a.m. to 6:00 p.m. Eastern Time and Fridays until 5:00 p.m.

IRS Circular 230 Disclosure: Any information contained in this communication (including any attachments) is not intended to be used, and cannot be used, to avoid penalties imposed under the U.S. Internal Revenue Code.