HARTFORD, Conn., Nov. 7, 2018 /PRNewswire/ -- Virtus Global
Multi-Sector Income Fund (NYSE: VGI) previously announced the
following monthly distribution on September
19, 2018:
Amount of
Distribution
|
Ex-Date
|
Record
Date
|
Payable
Date
|
$0.126
|
November 9,
2018
|
November 13,
2018
|
November 20,
2018
|
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
|
October 2018
(MTD)
|
Year-to-date
(YTD)(1)
|
(Sources)
|
Per
Share
Amount
|
Percentage
of Current
Distribution
|
Per Share
Amount
|
Percentage
of Current
Distribution
|
Net Investment
Income
|
$
0.054
|
43.2%
|
$
0.669
|
42.7%
|
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)
|
0.072
|
56.8%
|
0.897
|
57.3%
|
Total
Distribution
|
$
0.126
|
100.0%
|
$
1.566
|
100.0%
|
(1) YTD December
1, 2017 to November 30,
2018.
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 October 31,
2018
|
|
Average Annual Total
Return on NAV for the 5 year period (2)
|
4.47%
|
Current Fiscal YTD
Annualized Distribution Rate (03)
|
11.16%
|
YTD Cumulative Total
Return on NAV (4)
|
-11.66%
|
YTD Cumulative
Distribution Rate (5)
|
11.56%
|
|
(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
Virtus Global Multi-Sector Income Fund
seeks to maximize current income while preserving capital by giving
investors an opportunity to benefit from 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. It is managed by Rampart
Investment Management, an affiliated manager of Virtus Investment
Partners, Inc. that specializes in options strategies. 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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/virtus-global-multi-sector-income-fund-discloses-sources-of-distribution--section-19a-notice-300745808.html
SOURCE Virtus Global Multi-Sector Income Fund