Virtus Global Multi-Sector Income Fund Discloses Sources Of Distribution -- Section 19(a) Notice

Montag, 19.09.2016 21:10 von

PR Newswire

HARTFORD, Conn., Sept. 19, 2016 /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 September 12, 2016 (ex-date September 8, 2016).

The following table sets forth the estimated amounts of the current distribution, payable September 19, 2016, 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

August 2016 (MTD)

Year-to-date (YTD) (1)

 

 

(Sources)

Per Share

Amount

Percentage of Current Distribution

Per Share Amount

Percentage

of YTD Distribution

Net Investment Income

$        0.076

49.0%

$        0.726

51.7%

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)

0.080

51.0%

0.678

48.3%

Total Distribution

$        0.156

100.0%

$        1.404

100.0%


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

 

August 31, 2016


Average Annual Total Return on NAV for the period ended this month (2)

8.27%

Current Fiscal YTD Annualized Distribution Rate (3)

10.76%

YTD Cumulative Total Return on NAV (4)

14.17%

YTD Cumulative Distribution Rate (5)

8.07%



(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.

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SOURCE Virtus Global Multi-Sector Income Fund