Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders

Rhea-AI Summary

On May 24, 2022, Virtus Global Multi-Sector Income Fund (VGI) and Virtus Total Return Fund Inc. (ZTR) announced the results of their joint annual shareholder meeting held on May 23, 2022. Key highlights include the re-election of trustees and directors for both funds, with substantial shareholder support. For VGI, Deborah A. DeCotis received 96% approval, while for ZTR, George R. Aylward secured 97%. The strong approval ratings reflect investor confidence in the leadership of both funds, which are critical for their future strategies.

Positive

• High shareholder approval for re-elected trustees and directors: VGI saw 96% approval for DeCotis and ZTR achieved 97% for Aylward.
• Investor confidence, as evidenced by substantial support during re-elections.

Negative

• None.

HARTFORD, Conn., May 24, 2022 /PRNewswire/ -- Virtus Global Multi-Sector Income Fund (NYSE: VGI), and Virtus Total Return Fund Inc. (NYSE: ZTR) today announced the results of their joint annual meeting of shareholders held on May 23, 2022.

Deborah A. DeCotis, Geraldine M. McNamara, R. Keith Walton and Brian T. Zino were re-elected as Class I trustees of VGI, and George R. Aylward, F. Ford Drummond, John R. Mallin and Philip R. McLoughlin were re-elected as Class II directors of ZTR, each for a term of three years or until his or her successor has been duly elected and qualified.

The voting results are as follows:

		Virtus Global Multi-Sector Income Fund
		For				Withheld
		# of Shares		% of Shares Voted		# of Shares		% of Shares Voted
Deborah A. DeCotis	8,834,500		96%		352,928		4%
Geraldine M. McNamara	8,871,185		97%		316,243		3%
R. Keith Walton	8,844,257		96%		343,171		4%
Brian T. Zino	8,777,593		96%		409,835		4%

 

	Virtus Total Return Fund Inc.
	For		Withheld
	# of Shares	% of Shares Voted	# of Shares	% of Shares Voted
George R. Aylward	29,669,422	97%	981,735	3%
F. Ford Drummond	29,572,938	96%	1,078,218	4%
John R. Mallin	29,619,382	97%	1,031,774	3%
Philip R. McLoughlin	29,616,056	97%	1,035,100	3%

For more information about the funds, 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.

 

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SOURCE Virtus Funds

FAQ

What were the results of the May 2022 shareholder meeting for VGI and ZTR?

The May 2022 shareholder meeting resulted in the re-election of trustees and directors for both Virtus Global Multi-Sector Income Fund (VGI) and Virtus Total Return Fund Inc. (ZTR), with significant voter support.

Who were re-elected as trustees for VGI in May 2022?

Deborah A. DeCotis, Geraldine M. McNamara, R. Keith Walton, and Brian T. Zino were re-elected as Class I trustees for VGI.

What percentage of votes did George R. Aylward receive for ZTR?

George R. Aylward received 97% approval in the shareholder vote for ZTR.

When was the joint annual meeting of shareholders held for VGI and ZTR?

The joint annual meeting of shareholders for VGI and ZTR was held on May 23, 2022.