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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) declared a monthly dividend on Wednesday, June 3rd. Investors of record on Thursday, August 13th will be paid a dividend of 0.08 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend is Thursday, August 13th.

Virtus Global Multi-Sector Income Fund Stock Down 0.6%

Shares of VGI stock opened at $7.44 on Thursday. The stock has a fifty day moving average price of $7.47 and a 200 day moving average price of $7.68. Virtus Global Multi-Sector Income Fund has a 1 year low of $7.20 and a 1 year high of $8.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Van Diest Capital LLC grew its stake in Virtus Global Multi-Sector Income Fund by 46.4% in the 1st quarter. Van Diest Capital LLC now owns 18,046 shares of the company’s stock valued at $133,000 after acquiring an additional 5,716 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Virtus Global Multi-Sector Income Fund by 24.8% during the 1st quarter. Kestra Advisory Services LLC now owns 40,577 shares of the company’s stock worth $299,000 after purchasing an additional 8,054 shares during the last quarter. Stephens Inc. AR raised its position in shares of Virtus Global Multi-Sector Income Fund by 11.4% during the 1st quarter. Stephens Inc. AR now owns 75,159 shares of the company’s stock worth $555,000 after purchasing an additional 7,670 shares during the last quarter. Worth Asset Management LLC lifted its stake in Virtus Global Multi-Sector Income Fund by 116.9% in the 1st quarter. Worth Asset Management LLC now owns 32,641 shares of the company’s stock valued at $241,000 after buying an additional 17,592 shares in the last quarter. Finally, Sit Investment Associates Inc. lifted its stake in Virtus Global Multi-Sector Income Fund by 8.0% in the 4th quarter. Sit Investment Associates Inc. now owns 2,057,760 shares of the company’s stock valued at $16,133,000 after buying an additional 151,690 shares in the last quarter.

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.