Virtus Global Multi-Sector Income Fund
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VGI Virtus Global Multi-Sector Income Fund
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VCSH Vanguard Short-Term Corporate Bond Index Fund ETF Shares
VBR Vanguard Small-Cap Value Index Fund ETF Shares
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Company profile

Virtus Global Multi-Sector Income Fund (the 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 an approach and credit research to capitalize on opportunities across undervalued areas of the global bond market. The Fund's portfolio includes sectors, such as consumer discretionary, energy, consumer staples, financials, healthcare, industrials, information technology, materials, real estate, telecommunication services and utilities. 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. The Fund may invest in obligations of borrowers in bankruptcy proceedings. Virtus Investment Advisers, Inc. serves as the Fund's investment advisor. Newfleet Asset Management, LLC serves as the Fund's sub-advisor.

Closing Price
$11.14
Day's Change
0.00 (0.00%)
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B/A Size
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Volume
(Light)
Volume:
0

10-day average volume:
45,719
0

Hertz hires advisers to roll debt: report

2:51 pm ET April 24, 2020 (MarketWatch)
Print

Hertz Global Holdings Inc. (HTZ) has hired lawyers and investment bankers as advisers as it tries to renegotiate its $17 billion of debt, according to a report Friday on The Wall Street Journal that cited people familiar with the matter. Hertz and the firms involved, which included White & Case LLP and the investment bank Moelis & Co., declined to comment, the newspaper said. Hertz late March said it had access to about $1 billion in liquidity with no "significant" debt maturities due until June 2021. Virus-related shutdowns and all-but-absent travel have hit rental-car companies, but competitor Avis Budget Group Inc. (CAR) said earlier this week it expected first-quarter sales only modestly below consensus (http://www.marketwatch.com/story/avis-stock-rallies-as-company-expects-still-strong-q1-sales-2020-04-22) thanks to a busy January and February. Shares of Hertz have fallen 76% in the past 12 months, compared with losses around 3.3% for the S&P 500 index.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

April 24, 2020 14:51 ET (18:51 GMT)

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