HARTFORD, Conn., March 4, 2016 /PRNewswire/ -- Virtus Global Multi-Sector Income Fund (NYSE: VGI), a diversified closed-end fund, today announced the following monthly distributions:



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

                          $0.156 April 7, 2016 April 11, 2016 April 18, 2016
                          ------ ------------- -------------- --------------

                          $0.156 May 10, 2016   May 12, 2016   May 19, 2016
                          ------ ------------   ------------   ------------

                          $0.156 June 9, 2016   June 13, 2016  June 20, 2016
                          ------ ------------   -------------  -------------

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  February 2016 (MTD)        Year-to-date (YTD)(1)
               ------------ ------------------          --------------------

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

                                  Amount                                                                  of Current Distribution
    ---                           ------                                                                  -----------------------

    Net Investment
     Income                                     $0.073                       46.6%                $0.237                          50.7%
    --------------                              ------                        ----                 ------                           ----

    Net Realized
     Short-Term
     Capital Gains                                   -                       0.0%                     -                          0.0%
    --------------                                 ---                        ---                    ---                           ---

    Net Realized Long-
     Term Capital
     Gains                                           -                       0.0%                     -                          0.0%
    ------------------                             ---                        ---                    ---                           ---

    Return of Capital
     (or other Capital
     Source)                                     0.083                       53.4%                 0.231                          49.3%
    ------------------                           -----                        ----                  -----                           ----

    Total Distribution                          $0.156                      100.0%                $0.468                         100.0%
    ------------------                          ------                       -----                 ------                          -----

((1) )YTD December 1, 2015 to November 30, 2016.

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 February 29, 2016
    -----------------------

    Average Annual Total Return on
     NAV since inception (2)                       4.28%
    ------------------------------                  ----

    Current Fiscal YTD Annualized
     Distribution Rate (3)                        12.24%
    -----------------------------                  -----

    YTD Cumulative Total Return on
     NAV (4)                                      -5.67%
    ------------------------------                 -----

    YTD Cumulative Distribution Rate
     (5)                                          3.06%
    --------------------------------                ----

((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.

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