HARTFORD, Conn., May 23, 2014 /PRNewswire/ -- Virtus Global Multi-Sector Income Fund (NYSE: VGI), a diversified closed-end fund, today announced the following monthly distributions:

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      Amount of                Ex-Date          Record Date       Payable Date

     Distribution
     ------------

                  $0.120    June 10, 2014      June 12, 2014      June 19, 2014
                  ------    -------------      -------------      -------------

                  $0.120    July 9, 2014       July 11, 2014      July 18, 2014
                  ------    ------------       -------------      -------------

                  $0.120   August 7, 2014     August 11, 2014    August 18, 2014
                  ------   --------------     ---------------    ---------------

                  $0.120 September 10, 2014 September 12, 2014 September 19, 2014
                  ------ ------------------ ------------------ ------------------

Distributions may represent earnings from net investment income, net short-term capital gains taxable as ordinary income or, if necessary, return of capital. Any portion of the fund's distributions that is a return of capital does not necessarily reflect the fund's investment performance and should not be confused with "yield" or "income." The tax status of distributions will be determined at the end of the taxable year.

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., which 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.

About Newfleet Asset Management

Newfleet Asset Management, an affiliated manager of Virtus Investment Partners, provides comprehensive fixed income portfolio management in multiple strategies. Newfleet Multi-Sector Strategies, the 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