HARTFORD, Conn., Sept. 13, 2017 /PRNewswire/ -- Virtus Global Multi-Sector Income Fund (NYSE: VGI), a diversified closed-end fund, announced the following monthly distributions:



          Amount of              Ex-Date         Record Date           Payable Date
        Distribution
        ------------

                     $0.156 October 11, 2017  October 12, 2017       October 19, 2017
                     ------ ----------------  ----------------       ----------------

                     $0.156 November 10, 2017   November 13,        November 20, 2017
                                                               2017
    ---                                                        ----

Under the terms of the fund's managed distribution plan, the fund will seek to maintain a consistent distribution level that may be paid in part or in full from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the fund's assets and will constitute a return of the shareholder's capital. You should not draw any conclusions about the fund's investment performance from the amount of this distribution or from the terms of the fund's managed distribution plan.

The fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the fund is paid back to you. A return of capital distribution does not necessarily reflect the fund's investment performance and should not be confused with 'yield' or 'income'.

The fund provided this estimate of the sources of the distributions:



                                    Distribution Estimates           August 2017 (MTD)        Year-to-date (YTD)(1)
                                    ----------------------           ----------------          --------------------

                                                                         Per Share                  Percentage            Per Share         Percentage
                                                                                                     of Current             Amount
                                                                          Amount                   Distribution                             of Current
                                                                                                                                            Distribution
                                                           (Sources)
                                           --------                                                                                                       ---

    Net Investment Income                                                              $0.072                       46.4%           $0.685                48.8%
    ---------------------                                                              ------                        ----            ------                 ----

    Net Realized Short-Term Capital Gains                                               0.036                       22.7%            0.203                14.5%
    -------------------------------------                                               -----                        ----             -----                 ----

    Net Realized Long-Term Capital Gains                                                0.048                       30.9%            0.278                19.8%
    ------------------------------------                                                -----                        ----             -----                 ----

    Return of Capital (or other Capital                                                     -                       0.0%            0.238                16.9%
    Source)
    ------                                                                                                                                                ---

    Total Distribution                                                                 $0.156                      100.0%           $1.404               100.0%
    ------------------                                                                 ------                       -----            ------                -----

    (1) YTD December 1, 2016 to November 30, 2017.

Information regarding the fund's performance and distribution rates is set forth below. Please note that all performance figures are based on the fund's NAV and not the market price of the fund's shares. Performance figures are not meant to represent individual shareholder performance.



    As of August 31, 2017
    ---------------------

    Average Annual Total Return on
     NAV since inception (2)                                        8.86%
    ------------------------------                                   ----

    Current Fiscal YTD Annualized
     Distribution Rate (3)                                         10.73%
    -----------------------------                                   -----

    YTD Cumulative Total Return on
     NAV (4)                                                       14.24%
    ------------------------------                                  -----

    YTD Cumulative Distribution
     Rate (5)                                                       8.05%
    ---------------------------                                      ----

     (2) Average Annual Total Return on NAV is the annual
      compound return from the commencement of the fund's
      operations on February 23, 2012. It reflects the
      change in the fund's NAV and reinvestment of all
      distributions.

    (3) Current Fiscal YTD Annualized Distribution Rate is
     the current distribution rate annualized as a
     percentage of the fund's NAV at month end.

    (4) YTD Cumulative Total Return on NAV is the
     percentage change in the fund's NAV from the first day
     of the year to this month end, including distributions
     paid and assuming reinvestment of those distributions.

    (5) YTD Cumulative Distribution Rate is the dollar
     value of distributions from the first day of the year
     to this month end as a percentage of the fund's NAV at
     month end.

The amounts and sources 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 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 will send shareholders a Form 1099-DIV for the calendar year that will tell shareholders what distributions to report for federal income tax purposes.

About the Fund
The Virtus Global Multi-Sector Income Fund seeks to maximize current income while preserving capital by giving investors an opportunity to benefit from broadly diversified holdings across the major domestic and international fixed-income sectors. It is managed by Newfleet Asset Management, LLC, an affiliated manager of Virtus Investment Partners, Inc. that specializes in multi-sector fixed income investing. For more information on the Fund, 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.

An investment in the fund is subject to risk. The fund's shares may be worth less than what an investor paid for them when they are sold. The options strategy may not be successful in its objective of increasing distributable income while limiting the risk of loss and could result in increased losses for investors.

About Newfleet Asset Management
Newfleet Asset Management, an affiliated manager of Virtus Investment Partners, 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 to portfolio construction, avoiding interest rate bets and remaining duration neutral to each strategy's stated benchmark.

About Virtus Investment Partners
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. For more information visit www.virtus.com.

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SOURCE Virtus Global Multi-Sector Income Fund