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Virtus Global Dividend & Income Fund Inc.
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Asset Allocation

Virtus Global Dividend & Income Fund Inc.

Image specific to each asset class and market style grouping.
Ticker
CUSIP
Market Price
$
(as of )
Premium/Discount
%
Managed Assets
$
(as of )
Net Assets
$
(as of )
Inception
Product Overview

The Fund is a diversified fund that has a current target allocation of its assets being invested in 60% equity securities and 40% fixed income. The Fund seeks to generate total return, consisting of capital appreciation and income. The equity allocation invests exclusively in what the managers believe are 'high-quality' companies within the high yielding global equity universe. Businesses and management teams that return the free cash flow generated by the business to shareholders via dividends are the focus. The fixed income portion of the fund is designed to generate high total return from both current income and capital appreciation by investing primarily in intermediate-term debt securities across 14 fixed income sectors. The fund employs a time-tested approach of active sector rotation, extensive credit research, and disciplined risk management designed to capitalize on opportunities across undervalued areas of the fixed income markets. A team of investment professionals provides significant research depth across all bond market sectors. The Fund also pursues an options income strategy whereby it purchases and sells out-of-the money puts and calls, creating an options spread. Effective September 7, 2016, Virtus Investment Advisers became the Investment adviser to the Fund and two subadvisers were appointed to manage the Fund. Performance and characteristics prior to that date were attained by the previous Adviser using a different investment strategy.

Prior to September 27, 2016, the fund was named The Zweig Total Return Fund, Inc.

Management Team

Investment Partners

Kayne Anderson Rudnick Investment Management, LLC

The equity portion of the Fund is managed by Kayne Anderson Rudnick. The firm emphasizes companies with a competitive advantage, strong management, and low financial risk that are able to grow over market cycles, despite their discounted valuations.

Visit the Kayne Anderson Rudnick Investment Management, LLC website

Newfleet Asset Management, LLC

The fixed income portion of the fund is managed by the Newfleet Asset Management which leverages the knowledge and skill of a team of investment professionals with expertise in every sector of the bond market, including evolving, specialized, and out-of-favor sectors. The team employs active sector rotation and disciplined risk management to portfolio construction, avoiding interest rate bets and remaining duration neutral to each strategy's stated benchmark.

Visit the Newfleet Asset Management, LLC website
Portfolio Managers
Richard Sherry
Richard Sherry, CFA

Portfolio Manager and Senior Research Analyst

Industry start date: 1991

Start date with fund: 2016

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David Albrycht
David L. Albrycht, CFA

President and Chief Investment Officer

Industry start date: 1985

Start date with fund: 2016

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Performance & Risk

Performance
Quarterly
As of
Monthly
As of
YTD 3 Month 1 Year 3 Years 5 Years 10 Years Since Inception

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate so your shares, when redeemed, may be worth more or less than their original cost.

Performance reflects the deduction of fund operating expenses. Performance does not reflect the incurrence of brokerage expenses, which typically apply to exchange traded products. Total return net of brokerage expenses would be lower than the total returns on market value shown in the table.

Expenses

Net Asset Value vs. Market Price

Net Asset Value (NAV) represents the total value of all assets held by the Fund (minus its total liabilities), divided by the total number of common shares outstanding. The net asset value returns reflect the performance of the manager. Market price is the price at which investors may purchase or sell shares of the Fund. Market price is determined in the open market by buyers and sellers, based on supply and demand. The Fund’s Market Price fluctuates throughout the day and may differ from its underlying NAV. Shares of the Fund may trade at a premium (higher than) or a discount (lower than) to NAV. This characteristic is a risk separate and distinct from the risk that the Fund’s net asset value could decline. The Fund has no control over the market price. The difference between the market price and the NAV (Premium/Discount) is expressed as a percentage of NAV. Average annual total return is the annual compound return for the indicated period. It reflects the change in share price and the reinvestment of all dividends and capital gains.

Automatic Reinvestment Plan

This plan offers shareholders a convenient way to acquire additional shares of the fund. Registered holders will be automatically placed in the Plan. If shares are held at a brokerage firm, contact your broker about participation.

Fund Distributions and Managed Distribution Plan

Under the terms of the Fund’s managed distribution policy, the Fund seeks to maintain a consistent distribution level that may be paid in part or in full from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund.

The amounts and sources of distributions reported in Section 19(a) Notices are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. Please note that the characterization of Fund distributions for federal income tax purposes is different from book accounting generally accepted account principles (“GAAP”). The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Distribution History2
Ex-Date Distribution Reinvest Price Note
09/08/2017 $0.113000 12.850000
08/09/2017 $0.113000 12.580000
07/11/2017 $0.113000 12.920000
06/08/2017 $0.113000 12.519739
05/09/2017 $0.113000 12.355331
04/11/2017 $0.113000 12.188150
03/09/2017 $0.113000 11.610597
02/09/2017 $0.113000 11.511745
01/05/2017 $0.613000 11.251309
12/08/2016 $0.113000 11.762777
11/09/2016 $0.113000 11.292684
10/11/2016 $0.113000 11.793030

You should not necessarily draw any conclusions about the Fund’s investment performance from the amount of this distribution. Contact your financial representative for more information, or  or call Virtus Closed-End Funds for service at 1-866-270-7788.

Form 8937 Organization Actions

Section 16 SEC Filings (Forms 3, 4 & 5)

Disclosures

There can be no assurance that the fund will achieve its investment objectives.

This information does not represent an offer, or the solicitation of an offer, to buy or sell securities of the Fund.

Contact your financial representative for more information, or or call for service at 1-866-270-7788.

Risk Considerations
Fundamental Risk of Investing: There can be no assurance that the Fund will achieve its investment objectives. An investment in the shares of the Fund is subject to the risk of loss of principal; shares may decrease in value.
Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small or medium-sized companies may enhance that risk.
Credit & Interest: Debt securities are subject to various risks, the most prominent of which are credit and interest rate risk. The issuer of a debt security may fail to make interest and/or principal payments. Values of debt securities may rise or fall in response to changes in interest rates, and this risk may be enhanced with longer-term maturities.
High Yield-High Risk Fixed Income Securities: There is a greater level of credit risk and price volatility involved with high yield securities than investment grade securities.
ABS/MBS: Changes in interest rates can cause both extension and prepayment risks for asset- and mortgage-backed securities. These securities are also subject to risks associated with the repayment of underlying collateral.
Foreign & Emerging Markets: Investing internationally, especially in emerging markets, involves additional risks such as currency, political, accounting, economic, and market risk.
Leverage: When a fund leverages its portfolio, the value of its shares may be more volatile and all other risks may be compounded.
Call/Put Spreads: Buying and selling call and put option spreads on the SPX Index risks the loss of the premium when buying, can limit upside participation and increase downside losses.
Market Price/NAV: At the time of purchase and/or sale, an investor's shares may have a market price that is above or below the fund's NAV, which may increase the investor's risk of loss.

Documents & Resources

Fact Sheet
Virtus Global Dividend & Income Fund Fact Sheet
Automatic Reinvestment
Automatic Reinvestment and Cash Purchase Plan
Distributions
October 2, 2017
September 13, 2017
September 1, 2017
August 1, 2017
July 3, 2017
June 7, 2017
June 1, 2017
May 1, 2017
April 3, 2017
March 1, 2017
February 1, 2017
January 3, 2017
December 19, 2016
December 2, 2016
Section 19a Notices
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
News Releases/Communications
June 29, 2017 - Virtus Global Dividend & Income Fund Inc Announces Results of Tender Offer
June 26, 2017 - Virtus Global Dividend & Income Fund Inc Announces Preliminary Results of Tender Offer
June 7, 2017 - Results of Joint Annual Meeting of Shareholders
May 26, 2017 - Virtus Global Dividend & Income Fund Inc and Virtus Total Return Fund Inc Commence Tender Offers
May 26, 2017 - Virtus Global Dividend & Income Fund Inc Offer to Purchase
April 28, 2017 - Proxy Statement
March 20, 2017 - Virtus Global Dividend & Income Fund Inc Announces Conditions Met For Third Tender Offer
January 3, 2017 - Virtus Global Dividend & Income Fund Inc Announces Final Results of Tender Offer
December 27, 2016 - Virtus Global Dividend & Income Fund Inc Announces Preliminary Results of Tender Offer
November 25, 2016 - Virtus Global Dividend & Income Fund Inc Tender Offer To Purchase
November 25, 2016 - Virtus Global Dividend & Income Fund Inc and Zweig Fund Commence Tender Offers
November 21, 2016 - Results of Special Meetings of Shareholders
November 1, 2016 - Special Meeting Proxy Reminder Letter
October 17, 2016 - Special Meeting Proxy Statement
September 23, 2016 - Zweig Total Return Fund Changes Name to Virtus Global Dividend & Income Fund
September 7, 2016 - Virtus and Zweig Closed-End Funds Announce Actions
August 22, 2016 - Zweig Fund and Zweig Total Return Fund Announce Conditions Met for Second Tender Offers
August 2, 2016 - Five Closed-End Funds Announce Changes to Board Membership
June 13, 2016 - Results of Joint Annual Meeting of Shareholders
June 3, 2016 - Zweig Total Return Fund Announces Final Results of Tender Offer
May 27, 2016 - Zweig Total Return Fund Announces Preliminary Results of Tender Offer
April 29, 2016 - Zweig Total Return Fund Inc Tender Offer to Purchase
April 29, 2016 - Zweig Fund and Zweig Total Return Fund Announce Commencement of Tender Offers
April 5, 2016 - Zweig Fund and Zweig Total Return Fund Announce Tender Offer Programs
April 1, 2016 - Zweig Fund and Zweig Total Return Fund Announce Increases to Distribution Rates
Governance
Procedure for Complaints Regarding Accounting, Internal
Audit Committee Charter
Nominating Committee Charter
Financial Materials
Annual Report
Quarterly Report
Semiannual Report
2016 Tax Information