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

Rhea-AI Summary

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.

Positive

• All trustees and directors were reelected with strong shareholder support.
• George R. Aylward received 97% approval, indicating confidence in leadership.

Negative

• None.

HARTFORD, Conn., May 20, 2021 /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 19, 2021.

George R. Aylward, Connie D. McDaniel, and Philip R. McLoughlin were reelected as Class III trustees of VGI, and Donald C. Burke, Sidney E. Harris, and James M. Oates were reelected as Class I 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
George R. Aylward	8,610,645	97%	232,147	3%
Connie D. McDaniel	8,297,265	94%	545,527	6%
Philip R. McLoughlin	8,271,529	94%	571,263	6%

 

	Virtus Global Multi-Sector Income Fund
	For		Withheld
	# of Shares	% of Shares Voted	# of Shares	% of Shares Voted
Donald C. Burke	30,292,367	96%	1,185,403	4%
Sidney E. Harris	30,241,600	96%	1,236,170	4%
James M. Oates	30,233,189	96%	1,244,582	4%

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 Virtus Funds annual meeting held on May 19, 2021?

The annual meeting resulted in the reelection of all trustees and directors for both Virtus Global Multi-Sector Income Fund (VGI) and Virtus Total Return Fund (ZTR) with significant shareholder support.

Who were reelected as trustees for Virtus Global Multi-Sector Income Fund?

George R. Aylward, Connie D. McDaniel, and Philip R. McLoughlin were reelected as trustees of VGI.

What percentage of votes did George R. Aylward receive in the VGI election?

George R. Aylward received 97% of the votes in the VGI election.

Which directors were reelected for Virtus Total Return Fund?

Donald C. Burke, Sidney E. Harris, and James M. Oates were reelected as directors of ZTR.

How did shareholders vote in the annual meeting for ZTR?

Shareholders showed strong support, with directors receiving around 96% approval in the ZTR election.