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