VIRTUS INVESTMENT PARTNERS, INC. HARTFORD, Conn., May 18, 2015 /PRNewswire/ -- Virtus Global Multi-Sector Income Fund (NYSE: VGI) declared a distribution of $0.156 per share to shareholders of record at the close of business on May 11, 2015 (ex-date May 7, 2015).
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The following table sets forth the estimated amounts of the current distribution, payable May 18, 2015, and the cumulative distributions paid this fiscal year to date from the following sources. All amounts are expressed based on U.S. generally accepted accounting principles which may differ from federal income tax regulations.
Distribution Estimates April 2015 (MTD) Year-to-date (YTD) (1)
---------------------- --------------- ---------------------
Per Share Percentage Per Share Percentage
of Current Amount
Amount Distribution of Current
Distribution
(Sources)
--------
Net Investment Income $0.082 52.6% $0.343 60.0%
--------------------- ------ ---- ------ ----
Net Realized Short-Term Capital Gains - 0.0% 0.024 4.2%
------------------------------------- --- --- ----- ---
Net Realized Long-Term Capital Gains - 0.0% - 0.0%
------------------------------------ --- --- --- ---
Return of Capital (or other Capital Source) 0.074 47.4% 0.205 35.8%
------------------------------------------ ----- ---- ----- ----
Total Distribution $0.156 100.0% $0.572 100.0%
------------------ ------ ----- ------ -----
(1) YTD February 2, 2015 to January 11, 2016. (The distribution paid on January 9, 2015 was reportable for tax on Form 1099 in 2014)
April 30, 2015
--------------
Average Annual Total Return
on NAV for the period ended
this month (2) 8.18%
---------------------------- ----
Current Fiscal YTD Annualized
Distribution Rate (3) 8.87%
----------------------------- ----
Average YTD Cumulative Total
Return on NAV (4) 6.80%
---------------------------- ----
YTD Cumulative Distribution
Rate (5) 2.96%
--------------------------- ----
(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 cumulative
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.
Under the terms of the Fund's Managed Distribution Plan, the Fund seeks to maintain a consistent distribution level that may be paid in part or in full from net investment income, realized capital gains, and a return of capital, or a combination thereof. 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 amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal tax purposes.
For more information on the Virtus Global Multi-Sector Income 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.
Cusip: 92829B101
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SOURCE Virtus Investment Partners, Inc.
