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HARTFORD, Conn., March 20, 2017 /PRNewswire/ -- The Zweig Fund, Inc. (ZF) today announced that it will commence a tender offer to purchase up to 5 percent of its outstanding shares under the terms of a tender offer program that was originally announced on April 5, 2016. The fund will purchase up to 5 percent of its outstanding shares at a price equal to 98 percent of its net asset value (NAV) per share as of the close of regular trading on the New York Stock Exchange on the date the tender offer expires. If more than 5 percent of the fund's outstanding shares are tendered, the fund will purchase shares from tendering stockholders on a pro-rata basis.
HARTFORD, Conn., March 16, 2017 /PRNewswire/ -- Virtus Total Return Fund (DCA) today announced that its tender offer for 10,986,443.69 of its issued and outstanding shares of common stock, representing approximately 40 percent of the fund's outstanding shares, expired at 11:59 p.m., New York time, on March 15, 2017. The purchase price of properly tendered shares is 99 percent of the net asset value per share determined as of the close of the regular trading session of the New York Stock Exchange (NYSE) on March 15, 2017, which is equal to $4.8708 per share. The Virtus Total Return Fund is a non-diversified closed-end fund with an objective of total return, consisting of both capital appreciation and current income, as determined by the fund's investment adviser, Virtus Investment Advisers, Inc. The fund has been managed since December 9, 2011 by Duff & Phelps Investment Management Co. and Newfleet Asset Management, LLC.
HARTFORD, Conn., March 14, 2017 /PRNewswire/ -- Virtus Total Return Fund (DCA) announced its quarterly dividend distribution will be $0.10 per share, payable on March 31, 2017, to shareholders of record on March 24, 2017 (ex-date March 22, 2017). Distributions may represent earnings from net investment income, excess gains taxable as ordinary income or, if necessary, return of capital. Any portion of the fund's distributions that is a return of capital does not necessarily reflect the fund's investment performance and should not be confused with "yield" or "income." Distributions are subject to re-characterization for tax purposes after the end of the fiscal year.