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Virtus Global Multi-Sector Income Fund raises $215 million

Virtus Investment Partners raised $215 million in the IPO for its newest closed-end fund, the Virtus Global Multi-Sector Income Fund (NYSE: VGI).  The fund is managed by Virtus' Newfleet Multi-Sector Strategies Team that has a long track record in multi-sector fixed income investing with an approach that utilizes extensive credit research to identify and invest in undervalued areas of various sectors of the global bond markets.