Virtus Global Dividend & Income Fund Announces Results of Special Meetings of Shareholders
HARTFORD, Conn., Nov. 21, 2016 /PRNewswire/ -- The Board of Directors of the Virtus Global Dividend & Income Fund Inc. (NYSE: ZTR) today announced that at two special meetings of shareholders, each held on November 18, shareholders approved the following: an investment advisory agreement between the fund and Virtus Investment Advisers, Inc. (VIA); subadvisory agreements between VIA and each of Kayne Anderson Rudnick Investment Management, LLC and Newfleet Asset Management, LLC.; and the election of William R. Moyer as a Class I director for a three-year term or until a successor has been duly elected and qualified.
The voting results are as follows:
For |
Against |
Abstain |
|||
Proposal 1 (A) Investment advisory agreement with |
11,208,652 |
1,822,003 |
503,297 |
||
Proposal 1 (B) Subadvisory agreement between VIA |
11,165,131 |
1,852,037 |
516,783 |
||
Proposal 1 (C) Subadvisory agreement between VIA |
11,131,958 |
1,866,212 |
535,783 |
||
For |
Withheld |
||||
Election of Director William R. Moyer |
18,363,297 |
3,382,665 |
|||
About the Fund
The Virtus Global Dividend & Income Fund is a diversified closed-end fund that seeks to generate total return, consisting of capital appreciation and income. Virtus Investment Advisers is the adviser to the fund and Kayne Anderson Rudnick and Newfleet Asset Management are subadvisers. The fund's investment strategy has a current target allocation of 60 percent equities, incorporating Kayne Anderson Rudnick's global dividend yield strategy, and 40 percent fixed income, using Newfleet's multi-sector core plus strategy. The fund also pursues an options income strategy whereby it purchases and sells out-of-the money puts and calls, creating an options spread.
For more information about the fund, contact Shareholder Services at (866) 270-7788, by email at [email protected], or through the closed end fund section on the web at www.virtus.com.
Fund Risks
An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a discount to their net asset value.
SOURCE Virtus Global Dividend & Income Fund Inc.
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