Virtus Global Multi-Sector Income Fund Declares a Special Distribution of $0.25/Share

Virtus Global Multi-Sector Income Fund (NYSE: VGI), a diversified closed-end fund, today announced that it has declared a supplemental distribution of $0.250 per share for long term capital gains to meet requirements under the Internal Revenue Code of 1986, as amended. The special distribution is attributable, in part, to the success of the fund's option overlay strategy that was implemented earlier this year. Newfleet Asset Management, the subadviser to VGI, utilizes an option overlay strategy that purchases and sells puts and calls with the objective of monetizing the volatility inherent in the equity market. Type Amount of Distribution Declaration Date Record Date Payable Date Long Term Gain $0.250 January 2, 2015 December 31, 2014 January 9, 2015 In addition, the fund previously announced the following monthly income distribution: Type Amount of Distribution Declaration Date Record Date Payable Date Income $0.130 December 15, 2014 December 31, 2014 January 9, 2015 The ex-dividend date for both distributions will be January 6, 2015. VGI's total distribution for the 2014 tax year was $1.73, including this special distribution as well as the fund's monthly distributions. That is an annualized distribution rate of 10.9 percent, based on the fund's closing share price of $15.85 on December 31, 2014. Distributions may represent earnings from net investment income, capital gains, or if necessary, See full press release