HARTFORD, Conn., Feb. 4, 2019
/PRNewswire/
-- Virtus Global Multi-Sector Income Fund (NYSE: VGI) previously
announced the following monthly distribution on November 14, 2018:
Amount of
Distribution
|
Ex-Date
|
Record
Date
|
Payable
Date
|
$0.126
|
February 8,
2019
|
February 11,
2019
|
February 19,
2019
|
Under the terms of the fund's managed distribution plan, the
fund will seek to maintain a consistent distribution level that may
be paid in part or in full from net investment income and realized
capital gains, or a combination thereof. Shareholders should note,
however, that if the fund's aggregate net investment income and net
realized capital gains are less than the amount of the distribution
level, the difference will be distributed from the fund's assets
and will constitute a return of the shareholder's capital. You
should not draw any conclusions about the fund's investment
performance from the amount of this distribution or from the terms
of the fund's managed distribution plan.
The fund estimates that it has distributed more than its income
and capital gains; therefore, a portion of your distribution may be
a return of capital. A return of capital may occur, for
example, when some or all of the money that you invested in the
fund is paid back to you. A return of capital distribution
does not necessarily reflect the fund's investment performance and
should not be confused with 'yield' or 'income'.
The fund provided this estimate of the sources of the
distributions:
Distribution
Estimates
|
January 2019
(MTD)
|
Year-to-date
(YTD)(1)
|
(Sources)
|
Per
Share
Amount
|
Percentage
of Current
Distribution
|
Per Share
Amount
|
Percentage
of Current
Distribution
|
Net Investment
Income
|
$
0.052
|
41.1%
|
$
0.110
|
43.8%
|
Net Realized
Short-Term Capital Gains
|
-
|
0.0%
|
-
|
0.0%
|
Net Realized
Long-Term Capital Gains
|
-
|
0.0%
|
-
|
0.0%
|
Return of Capital (or
other Capital Source)
|
0.074
|
58.9%
|
0.142
|
56.2%
|
Total
Distribution
|
$
0.126
|
100.0%
|
$
0.252
|
100.0%
|
(1)
|
YTD December 1, 2018
to November 30, 2019.
|
Information regarding the
fund's performance and distribution rates is
set forth below.
Please note that all performance
figures are based on the fund's
NAV and not the market price of the
fund's shares. Performance figures are
not meant to represent individual shareholder performance.
As of January 31,
2019
|
|
Average Annual Total Return on NAV for
the 5 year period (2)
|
4.80%
|
Current Fiscal YTD Annualized Distribution Rate (3)
|
11.37%
|
YTD Cumulative Total Return on NAV
(4)
|
2.28%
|
YTD Cumulative Distribution Rate (5)
|
1.89%
|
(2) Average Annual Total Return on
NAV is the annual compound return for the five-year period.
It reflects the change in the fund's NAV and reinvestment of all
distributions
|
(3) Current Fiscal YTD Annualized
Distribution Rate is the current distribution rate annualized as a
percentage of the fund's NAV at month end.
|
(4) YTD
Cumulative Total Return on NAV is the percentage change in the
fund's NAV from the first day of the year to this month end,
including distributions paid and assuming reinvestment of those
distributions.
|
(5) YTD Cumulative Distribution Rate
is the dollar value of distributions from the first day of the year
to this month end as a percentage of the fund's NAV at month
end.
|
The amounts and sources of distributions reported
in this notice are estimates only and are
not being provided for tax
reporting purposes. The actual amounts and sources
of the distributions will depend on the fund's
investment experience during the remainder
of its fiscal year and may be subject to
changes based on tax regulations. The fund or your broker
will send shareholders a
Form 1099-DIV for the calendar year that will tell shareholders
what distributions to report for federal income tax
purposes.
About the Fund
The Virtus Global Multi-Sector
Income Fund is a diversified closed-end fund that seeks to maximize
current income while preserving capital by investing in broadly
diversified holdings across the major domestic and international
fixed-income sectors. The fund also pursues an options overlay
strategy that seeks to generate additional income. Virtus
Investment Advisers, Inc. is the investment adviser to the fund and
Newfleet Asset Management, LLC and Rampart Investment Management
are subadvisers.
For more information on the Fund, contact shareholder services
at (866) 270-7788, by email at closedendfunds@virtus.com, or
through the closed end fund section on the web at
www.virtus.com.
Fund Risks
An investment in a fund is subject to risk,
including the risk of possible loss of principal. A fund's shares
may be worth less upon their sale than what an investor paid for
them. The options overlay strategy may not be successful in
achieving its objective of increasing distributable income while
limiting the risk of loss and, in periods of significant moves in
the S&P 500® Index, has resulted in, and in the future, may
result in, losses for investors. Shares of closed-end funds
may trade at a discount to their net asset value. For more
information about each fund's investment objective and risks,
please see the fund's annual report. A copy of the fund's most
recent annual report may be obtained free of charge by contacting
"Shareholder Services" as set forth at the end of this press
release.
About Newfleet Asset Management
Newfleet
Asset Management, an affiliated manager of Virtus Investment
Partners, provides comprehensive fixed income portfolio management
in multiple strategies. The Newfleet Multi-Sector Strategies team
that manages the Virtus Global Multi-Sector Income Fund leverages
the knowledge and skill of investment professionals with expertise
in every sector of the bond market, including evolving,
specialized, and out-of-favor sectors. The team employs active
sector rotation and disciplined risk management to portfolio
construction, avoiding interest rate bets and remaining duration
neutral to each strategy's stated benchmark. For more information,
visit www.newfleet.com.
About Rampart Investment Management
Rampart Investment Management is an affiliated manager of Virtus
Investment Partners specializing in option strategies. A registered
investment adviser since 1983, Rampart manages client positions and
portfolios using domestic and international index and equity
options.
About Virtus Investment
Partners
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. For
more information, visit www.virtus.com.
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SOURCE Virtus Global Multi-Sector Income Fund