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.
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.