![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Virtus Global Multi Sector Income Fund | NYSE:VGI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.52 | 7.52 | 7.52 | 7.52 | 357 | 14:37:12 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-22608
Virtus Global Multi-Sector Income Fund
(Exact name of registrant as specified in charter)
101 Munson Street
Greenfield, MA 01301-9683
(Address of principal executive offices) (Zip code)
Jennifer Fromm, Esq.
Vice President, Chief Legal Officer, Counsel and Secretary for Registrant
One Financial Plaza
Hartford, CT 06103-2608
(Name and address of agent for service)
Registrants telephone number, including area code: (866) 270-7788
Date of fiscal year end: November 30
Date of reporting period: May 31, 2022
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (OMB) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
(a) | The Report to Shareholders is attached herewith. |
(b) | Not applicable. |
|
1 |
|
2 |
|
5 |
|
6 |
|
7 |
|
26 |
|
27 |
|
28 |
|
29 |
|
30 |
|
31 |
|
41 |
Total
Value at May 31, 2022 |
Level
1 Quoted Prices |
Level
2 Significant Observable Inputs |
Level
3 Significant Unobservable Inputs | ||||
Assets: | |||||||
Debt Securities: | |||||||
Asset-Backed Securities | $ 12,830 | $ — | $ 12,830 | $ — | |||
Corporate Bonds and Notes | 75,100 | — | 75,099 | 1 | |||
Foreign Government Securities | 24,425 | — | 24,425 | — | |||
Leveraged Loans | 17,980 | — | 17,684 | 296 | |||
Mortgage-Backed Securities | 10,996 | — | 10,996 | — | |||
Municipal Bonds | 2,326 | — | 2,326 | — | |||
U.S. Government Securities | 5,364 | — | 5,364 | — | |||
Equity Securities: | |||||||
Preferred Stocks | 2,932 | 1,220 | 1,712 | — | |||
Common Stocks | 475 | 82 | 375 | 18 | |||
Exchange-Traded Fund | 1,992 | 1,992 | — | — | |||
Money Market Mutual Fund | 3,330 | 3,330 | — | — | |||
Total Investments | $157,750 | $6,624 | $150,811 | $315 |
Assets | |
Investment in securities at value (Identified cost
$174,299) |
$ 157,750 |
Cash
|
105 |
Receivables | |
Investment securities sold
|
2,483 |
Dividends and
interest |
1,608 |
Prepaid Trustees’
retainer |
2 |
Prepaid expenses
|
11 |
Other assets (Note
3) |
39 |
Total
assets |
161,998 |
Liabilities | |
Borrowings (Note
7) |
48,500 |
Payables | |
Investment securities purchased
|
593 |
Investment advisory
fees |
132 |
Trustee deferred compensation plan (Note
3) |
39 |
Administration and accounting
fees |
15 |
Interest on borrowings (Note
7) |
11 |
Professional fees
|
7 |
Dividend distributions
|
— (a) |
Other accrued
expenses |
62 |
Total
liabilities |
49,359 |
Net
Assets |
$ 112,639 |
Net Assets Consist of: | |
Capital paid on shares of beneficial interest (no par value, unlimited
authorization) |
$ 154,966 |
Total distributable earnings (accumulated
losses) |
(42,327) |
Net
Assets |
$ 112,639 |
Common Shares
Outstanding |
11,313,094 |
Net Asset Value Per
Share(b) |
$ 9.96 |
(a) | Amount is less than $500. |
(b) | Net Asset Value Per Share is calculated using unrounded net assets. |
Investment Income | |
Interest
|
$ 4,134 |
Dividends
|
98 |
Total investment
income |
4,232 |
Expenses | |
Investment advisory
fees |
833 |
Administration and accounting
fees |
97 |
Trustees’ fees and
expenses |
48 |
Printing fees and expenses
|
34 |
Professional fees
|
33 |
Transfer agent fees and
expenses |
5 |
Custodian fees
|
1 |
Miscellaneous
expenses |
19 |
Total expenses before interest
expense |
1,070 |
Interest expense on borrowings (Note
7) |
328 |
Total expenses after interest
expense |
1,398 |
Net investment income
(loss) |
2,834 |
Net Realized and Unrealized Gain (Loss) on Investments | |
Net realized gain (loss) from: | |
Investments |
(2,177) |
Net change in unrealized appreciation (depreciation) on: | |
Investments |
(14,645) |
Net realized and unrealized gain (loss) on
investments |
(16,822) |
Net increase (decrease) in net assets resulting from
operations |
$(13,988) |
Six
Months Ended May 31, 2022 (Unaudited) |
Year
Ended November 30, 2021 | ||
INCREASE
(DECREASE) IN NET ASSETS From Operations |
|||
Net investment income
(loss) |
$ 2,834 | $ 5,924 | |
Net realized gain
(loss) |
(2,177) | 2,092 | |
Net change in unrealized appreciation
(depreciation) |
(14,645) | (5,692) | |
Increase (decrease) in net assets resulting from
operations |
(13,988) | 2,324 | |
From Dividends and Distributions to Shareholders | |||
Net investment income and net realized
gains |
(5,431) (1) | (5,878) | |
Return of
capital |
— | (6,335) | |
Dividends and Distributions to
Shareholders |
(5,431) | (12,213) | |
From Capital Share Transactions | |||
Reinvestment of distributions resulting in the issuance of common stock (0 and 5,586 shares,
respectively) |
— | 67 | |
Increase (decrease) in net assets from capital
transactions |
— | 67 | |
Net increase (decrease) in net
assets |
(19,419) | (9,822) | |
Net Assets | |||
Beginning of
period |
132,058 | 141,880 | |
End of
period |
$112,639 | $132,058 |
(1) | Please note that the tax status of the Fund’s distributions is determined at the end of the taxable year. See Notes to Financial Statements. |
Increase (Decrease) in cash | |
Cash flows provided by (used for) operating activities: | |
Net increase (decrease) in net assets resulting from operations
|
$(13,988) |
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used for) operating activities: | |
Proceeds from sales and paydowns of long-term investments
|
43,148 |
(Increase) Decrease in investment securities sold receivable
|
(1,953) |
Purchases of long-term investments
|
(32,430) |
Increase (Decrease) in investment securities purchased payable
|
(1,474) |
Net (purchases) or sales of short-term
investments |
(1,226) |
Net change in unrealized (appreciation)/depreciation on
investments |
14,645 |
Net realized (gain)/loss on investments
|
2,177 |
Amortization of premium and accretion of discounts on investments
|
(28) |
(Increase) Decrease in dividends and interest receivable
|
47 |
(Increase) Decrease in prepaid
expenses |
(10) |
Increase (Decrease) in interest payable on borrowings
|
1 |
Increase (Decrease) in affiliated expenses
payable |
(14) |
Increase (Decrease) in non-affiliated expenses
payable |
(38) |
Cash provided by (used for) operating
activities |
8,857 |
Cash provided (used for) financing activities: | |
Cash payments to reduce borrowings
|
(4,000) |
Common shares
repurchased |
(5,431) |
Cash provided (used for) financing
activites: |
(9,431) |
Net increase (decrease) in cash | (574) |
Cash and foreign currency at beginning of
period |
679 |
Cash and foreign currency at end of
period |
$ 105 |
Supplemental cash flow information: | |
Cash paid during the period for interest expense on
borrowings |
$ 327 |
Six
Months Ended May 31, 2022 (Unaudited) |
Year Ended November 30, | ||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | |||||||
PER SHARE DATA: | |||||||||||
Net asset value, beginning of
period |
$ 11.67 | $ 12.55 | $ 13.16 | $ 13.30 | $ 17.06 | $ 16.63 | |||||
Income (loss) from investment operations: | |||||||||||
Net investment income
(loss)(1) |
0.25 | 0.52 | 0.55 | 0.58 | 0.72 | 0.89 | |||||
Net realized and unrealized gain
(loss) |
(1.48) | (0.32) | 0.20 | 0.79 | (2.79) | 1.41 | |||||
Payment from
affiliate |
— | — | — | — (2) | — | — | |||||
Total from investment
operations |
(1.23) | 0.20 | 0.75 | 1.37 | (2.07) | 2.30 | |||||
Dividends and Distributions to Shareholders: | |||||||||||
Net investment
income |
(0.48) | (0.52) | (0.51) | (0.49) | (0.59) | (0.78) | |||||
Net realized
gains |
— | — | — | — | — | (0.78) | |||||
Return of
capital |
— | (0.56) | (0.85) | (1.02) | (1.10) | (0.31) | |||||
Total dividends and distributions to
shareholders |
(0.48) | (1.08) | (1.36) | (1.51) | (1.69) | (1.87) | |||||
Net asset value, end of
period |
$ 9.96 | $ 11.67 | $ 12.55 | $ 13.16 | $ 13.30 | $ 17.06 | |||||
Market value, end of
period |
$ 8.83 | $ 11.56 | $ 11.69 | $ 12.54 | $ 11.75 | $ 18.19 | |||||
Total return, net asset value(3),
(4) |
(10.45)% | 1.76% | 7.70% | 11.82% | (12.24)% | 14.73% | |||||
Total return, market value(3),
(4) |
(19.85)% | 8.22% | 5.28% | 20.61% | (27.29)% | 35.99% | |||||
RATIOS/SUPPLEMENTAL DATA: | |||||||||||
Ratio of total expenses after interest expense to average net assets(5),
(6) |
2.27% | 2.14% | 2.40% | 3.13% | 2.96% | 2.42% | |||||
Ratio of net investment income (loss) to average net
assets(5) |
4.60% | 4.28% | 4.51% | 4.39% | 4.86% | 5.21% | |||||
Portfolio turnover
rate(3) |
19% | 54% | 75% | 62% | 58% | 57% | |||||
Net assets, end of period
(000’s) |
$112,639 | $132,058 | $141,880 | $148,730 | $150,335 | $192,483 | |||||
Borrowings, end of period
(000’s) |
$ 48,500 | $ 52,500 | $ 52,500 | $ 57,000 | $ 59,000 | $ 69,000 | |||||
Asset coverage, per $1,000 principal amount of
borrowings(7) |
$ 3,322 | $ 3,515 | $ 3,702 | $ 3,609 | $ 3,548 | $ 3,790 |
(1) | Calculated using average shares outstanding. |
(2) | Amount is less than $0.005 per share. |
(3) | Not annualized for periods less than one year. |
(4) | Total return on market value is calculated assuming a purchase of common shares on the opening of the first day and sale on the closing of the last day of each period reported. Dividends and distributions are assumed, for purposes of this calculation, to be reinvested at prices obtained under the Fund’s Automatic Reinvestment and Cash Purchase Plan. Total return on market value is not annualized for periods of less than one year. Brokerage commissions that a shareholder may pay are not reflected. Total return on market value does not reflect the deduction of taxes that a shareholder may pay on fund distributions or the sale of fund shares. Total return on net asset value uses the same methodology, but with use of net asset value for the beginning, ending and reinvestment values. |
(5) | Annualized for periods less than one year. |
(6) | Ratio of total expenses, before interest expense on the line of credit, was 1.74% for the six months ended May 31, 2022; 1.74%, 1.74%,1.86%,1.83% and 1.75% for the years ended November 30, 2021, 2020, 2019, 2018 and 2017, respectively. |
(7) | Represents value of net assets plus the borrowings at the end of the period divided by the borrowings at the end of the period multiplied by $1,000. |
A. | Security Valuation |
The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The Fund’s policy is to recognize transfers into or out of Level 3 at the end of the reporting period. |
B. | Security Transactions and Investment Income |
Security transactions are recorded on the trade date. Realized gains and losses from the sale of securities are determined on the identified cost basis. Dividend income and capital gain distributions are recognized on the ex-dividend date, or in the case of certain foreign securities, as soon as the Fund is notified. Interest income is recorded on the accrual basis. The Fund amortizes premiums and accretes discounts using the effective interest method. Premiums on callable debt securities are amortized to interest income to the earliest call date using the effective interest method. | |
Any distributions from underlying funds are recorded in accordance with the character of the distributions as designated by the underlying funds. |
C. | Income Taxes |
It is the Fund’s intention to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”) and to distribute substantially all of its taxable income and capital gains, if any, to its shareholders. Therefore, no provision for federal income taxes or excise taxes has been made. | |
The Fund may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. The Fund will accrue such taxes and recoveries as applicable based upon current interpretations of the tax rules and regulations that exist in the markets in which it invests. | |
Management of the Fund has concluded that there are no significant uncertain tax positions that would require recognition in the financial statements. The Fund’s U.S. federal income tax return is generally subject to examination by the Internal Revenue Service for a period of three years after it is filed. State, local and/or non-U.S. tax returns and/or other filings may be subject to examination for different periods, depending upon the tax rules of each applicable jurisdiction. | |
D. | Distributions to Shareholders |
Distributions are recorded by the Fund on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations which may differ from U.S. GAAP. | |
Distributions may represent earnings from net investment income, realized capital gains, or, if necessary, return of capital. | |
E. | Foreign Currency Transactions |
Non-U.S. investment securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the foreign currency exchange rate effective at the end of the reporting period. Cost of investments is translated at the currency exchange rate effective at the trade date. The gain or loss resulting from a change in currency exchange rates between the trade and settlement date of a portfolio transaction is treated as a gain or loss on foreign currency. Likewise, the gain or loss resulting from a change in currency exchange rates between the date income is accrued and the date it is paid is treated as a gain or loss on foreign currency. The Fund bifurcates that portion of the results of operations arising from changes in foreign exchange rates on investments from the fluctuations arising from changes in the market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on foreign currency transactions. | |
F. | Payment-In-Kind Securities |
The Fund may invest in payment-in-kind securities, which are debt or preferred stock securities that require or permit payment of interest in the form of additional securities. Payment-in-kind securities allow the issuer to avoid or delay the need to generate cash to meet current interest payments and, as a result, may involve greater risk than securities that pay interest currently or in cash. | |
G. | When-Issued Purchases and Forward Commitments (Delayed Delivery) |
The Fund may engage in when-issued or forward commitment transactions. Securities purchased on a when-issued or forward commitment basis are also known as delayed delivery transactions. Delayed delivery transactions involve a commitment by the Fund |
to purchase or sell a security at a future date (ordinarily up to 90 days later). When-issued or forward commitments enable the Fund to lock in what is believed to be an attractive price or yield on a particular security for a period of time, regardless of future changes in interest rates. The Fund records when-issued and forward commitment securities on the trade date. The Fund maintains collateral for the securities purchased. Securities purchased on a when-issued or forward commitment basis begin earning interest on the settlement date. | |
H. | Leveraged Loans |
The Fund may invest in direct debt instruments which are interests in amounts owed by a corporate, governmental, or other borrower to lenders or lending syndicates. Leveraged loans are generally non-investment grade and often involve borrowers that are highly leveraged. The Fund may invest in obligations of borrowers who are in bankruptcy proceedings. Leveraged loans are typically senior in the corporate capital structure of the borrower. A loan is often administered by a bank or other financial institution (the “lender”) that acts as agent for all holders. The agent administers the terms of the loan, as specified in the leveraged loan. The Fund’s investments in loans may be in the form of participations in loans or assignments of all or a portion of loans from third parties. When investing in loan participations, the Fund has the right to receive payments of principal, interest and any fees to which it is entitled only from the lender selling the loan participation and only upon receipt by the lender of payments from the borrower. The Fund generally has no right to enforce compliance with the terms of the leveraged loan with the borrower. As a result, the Fund may be subject to the credit risk of both the borrower and the lender that is selling the leveraged loan. When the Fund purchases assignments from lenders it acquires direct rights against the borrower on the loan. | |
The Fund may invest in multiple series or tranches of a loan, which may have varying terms and carry different associated risks. Leveraged loans may involve foreign borrowers and investments may be denominated in foreign currencies. Direct indebtedness of emerging countries involves a risk that the government entities responsible for the repayment of the debt may be unable, or unwilling, to pay the principal and interest when due. | |
The leveraged loans have floating rate loan interests which generally pay interest at rates that are periodically determined by reference to a base lending rate plus a premium. The base lending rates are generally LIBOR, SOFR, the prime rate offered by one or more U.S. banks or the certificate of deposit rate. When a leveraged loan is purchased the Fund may pay an assignment fee. On an ongoing basis, the Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a leveraged loan. Prepayment penalty fees are received upon the prepayment of a leveraged loan by a borrower. Prepayment penalty, facility, commitment, consent and amendment fees are recorded to income as earned or paid. | |
I. | Expenses |
Expenses incurred together by the Fund and other affiliated mutual funds are allocated in proportion to the net assets of each such fund, except where allocation of direct expenses to each fund or an alternative allocation method can be more appropriately used. |
In addition to the net annual operating expenses that the Fund bears directly, the shareholders of the Fund indirectly bear the pro-rata expenses of any underlying mutual funds in which the Fund invests. | |
J. | Cash and Cash Equivalents |
Cash and cash equivalents include deposits held at financial institutions, which are available for the Fund’s use with no restrictions, and are inclusive of dollar denominated and foreign currency. |
A. | Adviser |
Virtus Investment Advisers, Inc. (the “Adviser”), an indirect, wholly-owned subsidiary of Virtus Investment Partners, Inc. (“Virtus”), is the investment adviser to the Fund. The Adviser manages the Fund’s investment program and general operations of the Fund, including oversight of the Fund’s subadviser. | |
As compensation for its services to the Fund, the Adviser receives a fee at an annual rate of 0.95% of the Fund’s average daily Managed Assets, which is calculated daily and paid monthly. “Managed Assets” is defined as the value of the total assets of the Fund minus the sum of all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings or other indebtedness, entered into for the purpose of leverage). | |
B. | Subadviser |
Newfleet Asset Management (“Newfleet”), an indirect, wholly-owned subsidiary of Virtus, is the subadviser of the Fund’s portfolio. The subadviser is responsible for the day-to-day portfolio management of the Fund for which it is paid a fee by the Adviser. | |
C. | Administration Services |
Virtus Fund Services, LLC (“VFS”), an indirect, wholly-owned subsidiary of Virtus, serves as administrator to the Fund. For the services provided by the administrator under the Administration Agreement, the Fund pays the administrator an asset-based fee calculated on the Fund’s average daily Managed Assets. This fee is calculated daily and paid monthly. | |
For the period ended May 31, 2022, the Fund incurred administration fees totaling $88 which are included in the Statement of Operations within the line item “Administration and accounting fees.” | |
D. | Trustees’ Fees |
For the period ended May 31, 2022, the Fund incurred Trustees’ fees totaling $48, which are included in the Statement of Operations within the line item “Trustees’ fees and expenses.” | |
E. | Investments in Affiliates |
The Fund is permitted to purchase assets from or sell assets to certain related affiliates under specified conditions outlined in procedures adopted by the Board. The procedures have been designed to ensure that any purchase or sale of assets by the Fund from or to another fund or portfolio that are, or could be, considered an affiliate by virtue of having a common investment adviser (or affiliated investment advisers), common |
Trustees and/or common officers comply with Rule 17a-7 under the 1940 Act. Further, as defined under the procedures, each transaction is effected at the current market price. | |
During the period ended May 31, 2022, the Fund did not engage in transactions pursuant to Rule 17a-7 under the 1940 Act. | |
F. | Trustees Deferred Compensation Plan |
The Fund provides a deferred compensation plan for its Trustees who receive compensation from the Fund. Under the deferred compensation plan, Trustees may elect to defer all or a portion of their compensation. Amounts deferred are retained by the Fund, and then, to the extent permitted by the 1940 Act, in turn, may be invested in the shares of affiliated or unaffiliated mutual funds selected by the participating Trustees. Investments in such instruments are included in “Other assets” in the Statement of Assets and Liabilities at May 31, 2022. |
Purchases | Sales | |
$25,297 | $37,073 |
Purchases | Sales | |
$7,133 | $6,075 |
Federal
Tax Cost |
Unrealized
Appreciation |
Unrealized
(Depreciation) |
Net
Unrealized Appreciation (Depreciation) | ||||
$174,376 | $615 | $(17,241) | $(16,626) |
Short-Term | Long-Term | ||
$7,250 | $13,568 |
Outstanding
Borrowings |
Interest
Rate | |
$48,500 | 1.91% |
Election of Trustees | Votes For | Votes Withheld |
Deborah A. DeCotis | 8,834,499.764 | 352,928.000 |
Geraldine M. McNamara | 8,871,184.764 | 316,243.000 |
R. Keith Walton | 8,844,256.764 | 343,171.000 |
Brian T. Zino | 8,777,592.764 | 409,835.000 |
8527 | 07-22 |
Item 2. Code of Ethics.
Response not required for semi-annual report.
Item 3. Audit Committee Financial Expert.
Response not required for semi-annual report.
Item 4. Principal Accountant Fees and Services.
Response not required for semi-annual report.
Item 5. Audit Committee of Listed Registrants.
Response not required for semi-annual report.
Item 6. Investments.
(a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1(a) of this form. |
(b) | Not applicable. |
Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. |
Response not required for semi-annual report.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
(a) | Response not required for semi-annual report. |
(b) | There has been no change, as of the date of this filing, in any of the portfolio managers identified in response to paragraph (a)(1) of this Item in the registrants most recently filed annual report on Form N-CSR. |
Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. |
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which the shareholders may recommend nominees to the Registrants Board of Trustees that were implemented after the Registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
Item 11. Controls and Procedures.
(a) | The registrants principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the 1940 Act) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
(b) | There were no changes in the registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d))) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting. |
Item 12. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies. |
Not applicable.
Item 13. Exhibits.
(a)(1) | Not applicable. |
(a)(2) |
(a)(2)(1) | There were no written solicitations to purchase securities under Rule 23c-1 under the Act sent or given during the period covered by the report by or on behalf of the Registrant to 10 or more persons. |
(a)(2)(2) | There was no change in the Registrants independent public accountant during the period covered by the report. |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Virtus Global Multi-Sector Income Fund | ||
By (Signature and Title)* /s/ George R. Aylward | ||
George R. Aylward, President and Chief Executive Officer | ||
(principal executive officer) | ||
Date August 5, 2022 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)* /s/ George R. Aylward | ||
George R. Aylward, President and Chief Executive Officer | ||
(principal executive officer) | ||
Date August 5, 2022 | ||
By (Signature and Title)* /s/ W. Patrick Bradley | ||
W. Patrick Bradley, Executive Vice President, | ||
Chief Financial Officer, and Treasurer | ||
(principal financial officer) | ||
Date August 5, 2022 |
* Print the name and title of each signing officer under his or her signature.
1 Year Virtus Global Multi Sect... Chart |
1 Month Virtus Global Multi Sect... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions