Virtus Global Multi-Sector Income Fund Announces Monthly Distribution, Payable on June 18, 2020, July 20, 2020, August 20, 2020 and September 18, 2020
May 26, 2020 at 05:09 pm EDT
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Virtus Global Multi-Sector Income Fund announced monthly distribution of $0.10 per share. The dividend will be payable on June 18, 2020, July 20, 2020, August 20, 2020 and September 18, 2020. Ex-date is June 10, 2020, July 10, 2020, August 12, 2020 and September 10, 2020. Record date is June 11, 2020, July 13, 2020, August 13, 2020 and September 11, 2020. The fund's monthly distribution rate has been reduced by $0.026 per share effective with the June 18, 2020 distribution. As a result of market events during the first quarter of 2020, including significant volatility in the fixed income markets, the distribution rate was reduced in order to provide a distribution rate more sustainable in the current environment.
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 
