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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) declared a monthly dividend on Wednesday, June 3rd. Shareholders of record on Monday, June 15th will be paid a dividend of 0.08 per share on Monday, June 29th. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date is Monday, June 15th.

Virtus Global Multi-Sector Income Fund Stock Performance

Virtus Global Multi-Sector Income Fund stock opened at $7.44 on Thursday. Virtus Global Multi-Sector Income Fund has a 52-week low of $7.20 and a 52-week high of $8.09. The stock’s 50 day moving average price is $7.47 and its two-hundred day moving average price is $7.68.

Institutional Investors Weigh In On Virtus Global Multi-Sector Income Fund

Hedge funds have recently made changes to their positions in the business. Comerica Bank boosted its holdings in shares of Virtus Global Multi-Sector Income Fund by 28.9% in the 3rd quarter. Comerica Bank now owns 5,818 shares of the company’s stock worth $46,000 after buying an additional 1,303 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Virtus Global Multi-Sector Income Fund in the 4th quarter worth about $53,000. Bank of America Corp DE increased its holdings in Virtus Global Multi-Sector Income Fund by 176.2% in the 3rd quarter. Bank of America Corp DE now owns 10,440 shares of the company’s stock worth $83,000 after acquiring an additional 6,660 shares during the last quarter. Integrity Advisory Solutions LLC purchased a new stake in Virtus Global Multi-Sector Income Fund in the 3rd quarter worth about $91,000. Finally, Kovack Advisors Inc. purchased a new stake in Virtus Global Multi-Sector Income Fund in the 4th quarter worth about $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.