Virtus High Yield Income Fund announces plans to liquidate on July 23

By Toni Weeks

San Luis Obispo, Calif., June 14 - The board of trustees of Virtus Insight Trust approved on June 4 the liquidation of the Virtus High Yield Income Fund, according to a 497 filing with the Securities and Exchange Commission.

The fund will be closed to new investors and additional investor deposits on July 23, at which time the fund will be liquidated at its net asset value. Prior to this, shareholders may exchange their shares of the fund for shares of the same class of any other Virtus mutual fund.

The fund seeks to provide capital appreciation by investing in a diversified pool of fixed-income securities, primarily within the U.S. non-investment-grade bond market.

Hartford-based Virtus Investment Advisers, Inc. is the fund's investment adviser.

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