Virtus Global Multi-Sector Income Stock Price, News & Analysis

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.

On January 4, 2021, Virtus Global Multi-Sector Income Fund (VGI) announced a monthly distribution of $0.10 per share, payable on January 11, 2021. The fund's distribution plan aims to maintain consistent payouts, which may partially come from net investment income and realized capital gains. It's noteworthy that a portion of this distribution may be a return of capital, reflecting that the fund has distributed more than its income. For December 2020, the estimated distribution sources revealed 51.4% from net investment income and 48.6% as a return of capital.

On December 2, 2020, the Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced a monthly distribution of $0.10 per share, payable on December 18, 2020. The Fund's Managed Distribution Plan aims to maintain consistent distribution levels, which may include returns of capital when net earnings are insufficient. The estimated distribution sources indicate that 54.9% of the November distribution represents a return of capital. The Fund's fiscal year-to-date annualized distribution rate is 9.56%, highlighting its focus on maximizing current income while preserving capital.

On November 19, 2020, Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced monthly distributions of $0.10 per share for the months of December 2020 to March 2021. The fund intends to distribute either the set amount or all available net investment income and net capital gains as mandated by the Internal Revenue Code. Shareholders are cautioned that distributions may include a return of capital, indicating that part of their investment may be paid back.