Virtus Global Dividend & Income Fund Inc. Announces Board Appointments
November 04, 2019 at 01:40 pm
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The Boards of Directors of Virtus Global Dividend & Income Fund Inc., Virtus Total Return Fund Inc., and Duff & Phelps Select MLP and Midstream Energy Fund Inc., and the Board of Trustees ofVirtus Global Multi-Sector Income Fund, announced the results of the joint special meetings of shareholders. Shareholders of ZTR also approved the election of Donald C. Burke and Sidney E. Harris as Class I directors; John R. Mallin as a Class II director; and Connie D. McDaniel and Geraldine M. McNamara as Class III directors. The directors will begin their terms effective January 1, 2020 for the remaining term of their respective classes, or until their successors have been duly elected and qualified.
Virtus Total Return Fund Inc. (the Fund) is a closed-end, diversified management investment company. The Fund's investment objective is capital appreciation, with current income as a secondary objective. The Fund invests approximately 60% of its total assets in equity securities, managed by Duff & Phelps Investment Management Co. The Fund invests 40% in fixed income, managed by Newfleet Asset Management, LLC. Its products include mutual funds, retail separate accounts, closed-end funds, variable insurance funds, exchange-traded funds (ETFs), undertakings for the collective investment in transferable securities (UCITS) and CollegeAccess 529. The Fund invests in consumer discretionary, financials, healthcare, industrials, consumer staples, telecommunication services, energy, information technology, materials and utility sectors. The Fund's investment adviser is Virtus Investment Advisers, Inc.