Virtus Global Multi-Sector Income Fund Declares Supplemental Distribution, Payable on January 9, 2014
January 02, 2014 at 06:20 pm
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Virtus Global Multi-Sector Income Fund is declaring a supplemental distribution for short term gain of $0.142 and long term capital gains of $0.010 to meet requirements under the Internal Revenue Code of 1986. The record date is December 31, 2013 and payable on January 9, 2014. The ex-dividend date for these distributions will be January 3, 2014.
Virtus Global Multi-Sector Income Fund (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to maximize current income while preserving capital. The Fund seeks to generate high current income and total return by applying credit research to capitalize on opportunities across undervalued sectors of the global bond markets. The Fund's portfolio includes sectors, such as consumer discretionary, energy, consumer staples, financials, healthcare, industrials, information technology, materials, real estate, telecommunication services and utilities. The Fund may invest in direct debt instruments, which are interests in amounts owed by a corporate, governmental, or other borrower to lenders or lending syndicates. The Fund may invest in obligations of borrowers in bankruptcy proceedings. The investment adviser of the Fund's is Virtus Investment Advisers, Inc. Newfleet Asset Management, LLC serves as the Fund's sub-advisor.