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Virtus Global Multi-Sector Income Fund (NYSE: VGI) announces recurring monthly distributions for a diversified closed-end fund focused on current income and capital preservation. The fund invests across major domestic and international fixed-income sectors, using multi-sector bond management rather than a single-sector mandate.
Company updates also describe the fund’s advisory structure, with Virtus Investment Advisers serving as investment adviser and Newfleet Asset Management as subadviser. Recurring fund language highlights fixed-income portfolio management, active sector rotation, disciplined risk management, and exposure to specialized or out-of-favor areas of the bond market.
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.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced a monthly distribution of $0.10, payable on November 19, 2020. The distribution, under its Managed Distribution Plan, aims to maintain consistent levels, potentially funded by net investment income and realized capital gains. Notably, the Fund has indicated that it has distributed more than its income and capital gains, implying a portion may be a return of capital. The estimated breakdown shows net investment income accounts for 46.1% of the current distribution, while return of capital constitutes 53.9%.
On October 5, 2020, Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced a monthly distribution of $0.10 per share. The ex-date is set for October 9, 2020, with a record date of October 13 and payable date of October 20. Under its Managed Distribution Plan, a portion of this distribution may come from return of capital, indicating that some of the money invested may be returned to shareholders. The fund estimates that 54.9% of the distribution will be a return of capital for September 2020.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced a monthly distribution of $0.10 payable on September 18, 2020. The distribution sources include 45.7% from net investment income and 54.3% as a return of capital, indicating that the fund has distributed more than its income and gains. Shareholders should note that returns of capital may not reflect investment performance and should not be confused with yield. The Fund seeks to maintain consistent distributions under its Managed Distribution Plan.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) has announced its monthly distributions of $0.10 for October and November 2020. The fund's distributions are part of its Managed Distribution Plan, which may involve returns of capital if net investment income and realized capital gains are insufficient. In July 2020, net investment income accounted for 48.5% of distributions, while returns of capital amounted to 51.5%. The fund's average annual total return on NAV for the past five years is 5.06%, and its current fiscal YTD annualized distribution rate is 9.72%.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced a monthly distribution of $0.10 per share, effective August 20, 2020. This is part of its Managed Distribution Plan, which may involve returns of capital if net investment income and realized capital gains fall below distribution levels. For July 2020, net investment income contributed $0.048 (48.5%), while $0.052 was considered return of capital (51.5%). The current annualized distribution rate stands at 9.72%.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) announced a monthly distribution of $0.10 on July 20, 2020, consistent with its Managed Distribution Plan. The ex-date is July 10, 2020, with a record date of July 13, 2020. The Fund seeks to maintain consistent distributions from net investment income and realized capital gains. However, recent estimates indicate that distributions exceed its income, suggesting that part of these distributions may constitute a return of capital.