Shaker Financial Services Lowers stake in Virtus Global Multi-Sector Income Fund (VGI)

Virtus Global Multi-Sector Income Fund (VGI) : Shaker Financial Services reduced its stake in Virtus Global Multi-Sector Income Fund by 22.67% during the most recent quarter end. The investment management company now holds a total of 244,110 shares of Virtus Global Multi-Sector Income Fund which is valued at $3,842,291 after selling 71,551 shares in Virtus Global Multi-Sector Income Fund , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Virtus Global Multi-Sector Income Fund makes up approximately 2.59% of Shaker Financial Services’s portfolio.

Other Hedge Funds, Including , Sit Investment Associates Inc boosted its stake in VGI in the latest quarter, The investment management firm added 192,207 additional shares and now holds a total of 562,246 shares of Virtus Global Multi-Sector Income Fund which is valued at $8,911,599. Virtus Global Multi-Sector Income Fund makes up approx 0.23% of Sit Investment Associates Inc’s portfolio.

Virtus Global Multi-Sector Income Fund is a diversified closed-end management investment company. The Fund’s investment objective is to maximize current income while preserving capital. The Fund seeks to achieve its investment objective by applying a time-tested approach and extensive credit research to capitalize on opportunities across undervalued areas of the global bond market. The Fund’s portfolio consists of consumer discretionary energy consumer staples financials health care industrials information technology materials telecommunication services and utilities among others. 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. Virtus Investment Advisers Inc. serves as the Fund’s advisor. Newfleet Asset Management LLC serves as the Fund’s sub-advisor.

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