Welcome to our dedicated page for Virtus Global Multi-Sector Income news (Ticker: VGI), a resource for investors and traders seeking the latest updates and insights on Virtus Global Multi-Sector Income stock.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) is a diversified closed-end fund that focuses on generating current income while preserving capital through a multi-sector fixed-income strategy. Its news flow is heavily centered on monthly distribution announcements, which outline estimated cash distribution amounts and key dates for shareholders.
Each distribution notice for VGI typically specifies the per-share distribution amount, ex-dividend and record dates, and payable dates. These announcements also clarify that the figures are estimates and not intended for tax reporting, since final tax characterization depends on the fund’s investment experience and applicable tax regulations. Shareholders are reminded that a Form 1099-DIV will be provided for federal income tax reporting.
News releases also reiterate the fund’s investment objective and approach. VGI seeks to maximize current income while preserving capital by investing in broadly diversified holdings across major domestic and international fixed-income sectors. Virtus Investment Advisers, LLC serves as the investment adviser, while Newfleet Asset Management acts as subadviser, with its Multi-Sector Strategies team applying active sector rotation and disciplined risk management in portfolio construction.
In addition, the fund’s news items regularly highlight risk disclosures, noting that an investment in the fund is subject to the risk of possible loss of principal and that shares of closed-end funds may trade at a premium or discount to net asset value. For investors and analysts tracking VGI, this news page offers a centralized view of recurring distribution schedules, reminders about risk factors, and concise restatements of the fund’s strategy. It can be a useful reference for monitoring the pattern and timing of income distributions and understanding how the fund describes its investment process over time.
The Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced monthly distributions of $0.08 for October and November 2021. The ex-dates are scheduled for October 8 and November 10, with payable dates on October 19 and November 19. As part of its Managed Distribution Plan, the fund aims to maintain consistent distribution levels, potentially funded by net investment income and capital gains. However, distributions may also include a return of capital, reflecting that the fund's aggregate net investment income may not meet distribution levels, thereby reducing shareholder capital.
On August 3, 2021, Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced a monthly distribution of $0.08 per share set for August 19, 2021. This distribution is part of the Fund's Managed Distribution Plan, which may include returns of capital when net investment income and capital gains are insufficient. For July 2021, net investment income contributed 56.1% of the distribution, while 43.9% was a return of capital. The Fund has estimated total distributions exceeding income, indicating potential capital return to shareholders.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced a monthly distribution of $0.08 to be paid on July 19, 2021. The distribution will be sourced from net investment income and realized capital gains; however, it may include a return of capital if the fund's earnings are insufficient. For June 2021, the fund's net investment income was $0.043 per share, making up 53.7% of the distribution. The fund reported a 5.40% average annual total return over five years, with a current fiscal year-to-date annualized distribution rate of 7.83%.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced a monthly distribution of $0.08, with distribution details reflecting a 7.64% rate based on the market price and 7.91% based on net asset value as of May 19, 2021. The Fund has reduced its monthly distribution by $0.02 per share, citing the need for sustainability in low-interest conditions. The distribution structure indicates a reliance on net investment income and capital gains; however, some distributions may return capital to shareholders, which doesn't reflect investment performance.
On May 20, 2021, the Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced its monthly distributions of $0.08 per share for June, July, August, and September. The annual distribution rate is approximately 7.64% based on the market price and 7.91% based on the net asset value (NAV). The fund has reduced its monthly distribution rate by $0.02 to maintain sustainability amid low interest rates. A portion of future distributions may consist of return of capital. The fund reported estimates showing significant reliance on capital return.
On May 19, 2021, Virtus Global Multi-Sector Income Fund (NYSE: VGI) and Virtus Total Return Fund Inc. (NYSE: ZTR) held a joint annual meeting resulting in the reelection of their trustees and directors. At VGI, George R. Aylward, Connie D. McDaniel, and Philip R. McLoughlin were confirmed, receiving 97%, 94%, and 94% of votes respectively. For ZTR, Donald C. Burke, Sidney E. Harris, and James M. Oates were reelected, each garnering around 96% support. These elections ensure continuity in leadership for both funds, potentially stabilizing shareholder confidence.
On May 4, 2021, Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced a distribution of $0.10 per share, payable on May 20, 2021. The distribution comes in accordance with its Managed Distribution Plan, which indicates that distributions may be derived from net investment income and realized capital gains. However, shareholders should be aware that part of the distribution may constitute a return of capital, as distributions may exceed net income. For April 2021, 46.5% of the distribution was sourced from net investment income and 53.5% from capital return.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced a monthly distribution of $0.10 per share, with an ex-date of April 9, 2021, a record date of April 12, 2021, and a payable date of April 19, 2021. A significant portion of this distribution, estimated at 54.7% for March 2021, comes from return of capital, not net investment income, indicating potential capital erosion for shareholders. The fund's performance shows a -0.22% year-to-date cumulative total return on NAV, suggesting challenges ahead.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) has announced monthly distributions of $0.10 for April and May 2021. The Fund's distribution plan aims to maintain consistent levels, potentially funded by net investment income and realized capital gains. Shareholders should be aware that if total net income and capital gains fall short, distributions may include a return of capital, which does not reflect performance.
For February 2021, net investment income per share was $0.045, accounting for 44.6% of distributions. A significant 55.4% of distributions may be a return of capital.
On February 2, 2021, the Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced a monthly distribution of $0.10 per share, with an ex-date of February 10, 2021, a record date of February 11, 2021, and a payable date of February 19, 2021. Under its Managed Distribution Plan, the Fund may distribute amounts from net investment income, realized capital gains, or its assets, potentially impacting shareholder capital. The fund indicated that approximately 61.1% of the January distribution is a return of capital, emphasizing that distributions do not necessarily reflect investment performance.