Virtus Global Multi-Sector Income Fund (VGI) to Issue — Dividend of $0.08 on August 28th

Virtus Global Multi-Sector Income Fund (NYSE:VGI) announced a — dividend on Thursday, June 5th, Wall Street Journal reports. Investors of record on Monday, August 11th will be given a dividend of 0.08 per share on Thursday, August 28th. This represents a dividend yield of 12.4%. The ex-dividend date is Monday, August 11th.

Virtus Global Multi-Sector Income Fund Stock Down 0.1%

VGI stock opened at $7.75 on Friday. Virtus Global Multi-Sector Income Fund has a fifty-two week low of $7.00 and a fifty-two week high of $8.32. The firm’s 50-day simple moving average is $7.53 and its 200 day simple moving average is $7.71.

About Virtus Global Multi-Sector Income Fund

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.