HARTFORD, Conn., Nov. 4, 2019 /PRNewswire/ -- The Boards of
Directors of Virtus Global Dividend & Income Fund
Inc. (NYSE: ZTR), Virtus Total Return Fund Inc. (NYSE: ZF),
and Duff & Phelps Select MLP and Midstream Energy Fund Inc.
(NYSE: DSE), and the Board of Trustees of Virtus Global
Multi-Sector Income Fund (NYSE: VGI) today announced the results of
the joint special meetings of shareholders.
ZF and ZTR
At the joint special meeting of ZF and ZTR,
shareholders of ZF approved the reorganization of ZF into ZTR, and
shareholders of ZTR approved that fund's issuance of additional
shares of common stock to effect the reorganization. In addition,
shareholders of ZTR approved Duff & Phelps Investment
Management Co., a current subadviser of ZF, as the subadviser of
the equity portion of ZTR's portfolio.
As a result of this vote, shares of the reorganized fund, which
will be named Virtus Total Return Fund Inc., will begin trading on
Monday, November 18, under the ticker
"ZTR" and CUSIP 92835W107. ZF will cease trading and dissolve as of
the close of business on Friday, November
15.
Shareholders of ZTR also approved the election of Donald C. Burke and Sidney E. Harris as Class I directors;
John R. Mallin as a Class II
director; and Connie D. McDaniel and
Geraldine M. McNamara as Class III
directors. The directors will begin their terms effective
January 1, 2020 for the remaining
term of their respective classes, or until their successors have
been duly elected and qualified.
The voting results are as follows:
|
For
|
Against
|
Abstain
|
|
Proposal 1
(ZF)
Approve the
reorganization of ZF into ZTR
|
11,004,501.429
|
942,370.887
|
523,148.977
|
|
Proposal 2
(ZTR)
Approve the issuance
of additional shares in connection with the
reorganization
|
11,628,630.460
|
1,225,683.602
|
559,803.368
|
|
Proposal 3
(ZTR)
Approve the
subadvisory agreement between Virtus Investment
Advisers, Inc., and Duff & Phelps Investment Management
Co.
|
11,835,025.372
|
786,858.859
|
792,233.199
|
|
|
|
|
|
|
|
|
|
Proposal
4
|
|
Election of Five
New Directors
|
|
|
ZTR
|
|
|
|
For
|
Withheld
|
|
|
|
Donald C.
Burke
|
16,201,057.397
|
1,153,811.033
|
|
|
|
Sidney E.
Harris
|
16,181,537.400
|
1,173,331.030
|
|
|
|
John R.
Mallin
|
16,201,023.691
|
1,153,844.739
|
|
|
|
Connie D.
McDaniel
|
16,169,993.916
|
1,184,874.514
|
|
|
|
Geraldine M.
McNamara
|
16,165,929.975
|
1,188,938.455
|
|
|
DSE and VGI
At the joint special meeting of DSE and
VGI, shareholders approved the election of Geraldine M. McNamara as a Class I
director/trustee; Donald C. Burke,
Sidney E. Harris and John R. Mallin as Class II directors/trustees;
and Connie D. McDaniel as a Class
III director/trustee. They will begin their terms effective
January 1, 2020 for the remaining
term of their respective classes, or until their successors have
been duly elected and qualified.
The voting results are as follows:
|
DSE
|
|
VGI
|
|
For
|
Withheld
|
For
|
Withheld
|
|
Donald C.
Burke
|
23,717,952.601
|
1,305,059.400
|
9,162,205.453
|
737,920.000
|
|
Sidney E.
Harris
|
23,516,945.601
|
1,506,066.400
|
9,129,275.453
|
770,850.000
|
|
John R.
Mallin
|
23,540,398.601
|
1,482,613.400
|
9,124,563.453
|
775,562.000
|
|
Connie D.
McDaniel
|
23,744,918.601
|
1,278,093.400
|
9,144,867.453
|
755,258.000
|
|
Geraldine M.
McNamara
|
23,828,432.601
|
1,194,579.400
|
9,108,977.453
|
791,148.000
|
For more information about the funds contact Shareholder
Services at (866) 270-7788, by email at closedendfunds@virtus.com,
or through the Closed-End Funds section on the web at
www.virtus.com.
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SOURCE Virtus Investment Partners, Inc.