Virtus Global Multi-Sector Income Fund Announces Distributions

Rhea-AI Summary

Virtus Global Multi-Sector Income Fund (NYSE: VGI) has declared monthly distributions of $0.08 per share for the following months: December 2024, January 2025, February 2025, and March 2025. The distributions will be payable on December 30, 2024, January 30, 2025, February 27, 2025, and March 28, 2025, respectively. The fund notes that these amounts are estimates and final tax reporting details will be provided via Form 1099-DIV.

Positive

• Consistent monthly dividend distribution of $0.08 per share
• Forward visibility on distributions for the next four months

Negative

• None.

Insights

Financial Analyst

This monthly distribution announcement reveals $0.08 per share payments for VGI fund across four months from December 2024 through March 2025. The consistent distribution level suggests stable income generation, maintaining the fund's current annualized yield around 12% based on current market price. While the distributions provide predictable income streams for investors, it's worth noting these are forward estimates and actual amounts could vary based on fund performance and tax considerations. The fund's multi-sector approach helps diversify income sources across various fixed-income markets, though investors should monitor the fund's ability to sustain these distribution levels given market conditions.

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Global Multi-Sector Income Fund (NYSE: VGI) today announced the following monthly distributions:

Amount of Distribution	Ex-Date/Record Date	Payable Date
$0.08	December 12, 2024	December 30, 2024
$0.08	January 13, 2025	January 30, 2025
$0.08	February 13, 2025	February 27, 2025
$0.08	March 13, 2025	March 28, 2025

The amounts of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.

About the Fund

Virtus Global Multi-Sector Income Fund is a diversified closed-end fund that seeks to maximize current income while preserving capital by investing in broadly diversified holdings across the major domestic and international fixed-income sectors. Virtus Investment Advisers, Inc. is the investment adviser to the Fund and Newfleet Asset Management is its subadviser.

For more information on the Fund, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com, or through the Closed-End Funds section of virtus.com.

Fund Risks

An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund’s shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about the Fund’s investment objective and risks, please see the Fund’s annual report. A copy of the Fund’s most recent annual report may be obtained free of charge by contacting “Shareholder Services” as set forth at the end of this press release.

About Newfleet Asset Management

Newfleet Asset Management provides comprehensive fixed income portfolio management in multiple strategies. The Newfleet Multi-Sector Strategies team that manages the Virtus Global Multi-Sector Income Fund leverages the knowledge and skill of investment professionals with expertise in every sector of the bond market, including evolving, specialized and out-of-favor sectors. The team employs active sector rotation and disciplined risk management in portfolio construction, avoiding interest rate bets, and remaining duration neutral to each strategy’s stated benchmark. Newfleet Asset Management is a division of Virtus Fixed Income Advisers, a registered investment adviser affiliated with Virtus Investment Partners. For more information, visit newfleet.com.

About Virtus Investment Partners, Inc.

Virtus Investment Partners (NYSE: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment management products and services from our affiliated managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241120501089/en/

For Further Information:

Shareholder Services

(866) 270-7788

closedendfunds@virtus.com

Source: Virtus Global Multi-Sector Income Fund

FAQ

What is the monthly distribution amount for Virtus Global Multi-Sector Income Fund (VGI) in 2024-2025?

Virtus Global Multi-Sector Income Fund (VGI) announced monthly distributions of $0.08 per share for December 2024 through March 2025.

When is the next dividend payment date for VGI?

The next dividend payment date for VGI is December 30, 2024, with an ex-date of December 12, 2024.

What are the VGI distribution dates for early 2025?

VGI distributions in early 2025 will be paid on January 30, February 27, and March 28, 2025.