Virtus Global Multi-Sector Income Fund to Issue Monthly Dividend of $0.08 (NYSE:VGI)

Virtus Global Multi-Sector Income Fund (NYSE:VGI) announced a monthly dividend on Wednesday, March 4th. Shareholders of record on Monday, March 16th will be given a dividend of 0.08 per share on Monday, March 30th. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date of this dividend is Monday, March 16th.

Virtus Global Multi-Sector Income Fund Price Performance

NYSE VGI traded down $0.02 during trading on Friday, hitting $7.60. The company’s stock had a trading volume of 66,721 shares, compared to its average volume of 46,174. Virtus Global Multi-Sector Income Fund has a fifty-two week low of $7.00 and a fifty-two week high of $8.09. The business’s 50 day simple moving average is $7.84 and its 200-day simple moving average is $7.87.

Institutional Trading of Virtus Global Multi-Sector Income Fund

A number of institutional investors have recently bought and sold shares of VGI. Comerica Bank grew its position in Virtus Global Multi-Sector Income Fund by 28.9% during the 3rd quarter. Comerica Bank now owns 5,818 shares of the company’s stock worth $46,000 after purchasing an additional 1,303 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Virtus Global Multi-Sector Income Fund during the fourth quarter worth $53,000. Bank of America Corp DE grew its holdings in shares of Virtus Global Multi-Sector Income Fund by 176.2% during the third quarter. Bank of America Corp DE now owns 10,440 shares of the company’s stock valued at $83,000 after buying an additional 6,660 shares during the last quarter. Integrity Advisory Solutions LLC purchased a new stake in shares of Virtus Global Multi-Sector Income Fund during the third quarter valued at $91,000. Finally, Kovack Advisors Inc. acquired a new position in shares of Virtus Global Multi-Sector Income Fund in the 4th quarter valued at $94,000.

About Virtus Global Multi-Sector Income Fund

The Virtus Global Multi-Sector Income Fund (NYSE: VGI) is a diversified, closed-end management investment company that seeks to provide investors with a high level of current income by investing globally across multiple asset classes. Trading on the New York Stock Exchange, VGI is managed by a team of investment professionals at Virtus Investment Partners who draw on global research capabilities to construct a portfolio of income-producing securities.

The fund’s primary strategy focuses on identifying opportunities in both developed and emerging markets.