VIRTUS GLOBAL DIVIDEND & INCOME FUND INC. NEW YORK, April 1, 2015 /PRNewswire/ -- The Zweig Total Return Fund, Inc. (NYSE: ZTR) today announced a monthly distribution of $0.089 per share, payable on April 20, 2015, to shareholders of record on April 13, 2015 (ex-date April 9, 2015).
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The Fund has a Managed Distribution Plan ("Plan") to pay 7% of the Fund's net asset value on an annualized basis, consistent with its primary investment objectives and as required by the Internal Revenue Code of 1986, as amended. Distributions may represent earnings from net investment income, capital gains, or if necessary, return of capital. You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Plan.
The following chart discloses information on the sources of the distribution:
Distribution
Estimates March 2015 (MTD) Year-to-date (YTD) (1)
------------ --------------- ----------------------
Per Share Percentage Per Share Amount Percentage
of Current Distribution
Amount of Current Distribution
(Sources)
--------
Net Investment
Income $0.000 0.0% $0.026 9.6%
-------------- ------ --- ------ ---
Net Realized
Foreign Currency
Gains - 0.0% - 0.0%
----------------- --- --- --- ---
Net Realized
Short-Term
Capital Gains 0.013 15.1% 0.086 32.0%
-------------- ----- ---- ----- ----
Net Realized Long-
Term Capital
Gains 0.076 84.9% 0.156 58.4%
------------------ ----- ---- ----- ----
Return of Capital
(or other Capital
Source) - 0.0% - 0.0%
------------------ --- --- --- ---
Total Distribution $0.089 100.0% $0.268 100.0%
------------------ ------ ----- ------ -----
(1) YTD February 2, 2015 to January 11, 2016. (The distribution paid on January 9, 2015 was reportable for tax on Form 1099 in 2014)
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 this notice 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 its fiscal year and may be subject to changes based on tax regulations. The Fund will send shareholders a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Information regarding the Fund's performance and distribution rates is set forth below. Please note that all performance figures are based on the Fund's NAV and not the market price of the Fund's shares. Performance figures are not meant to represent individual shareholder performance.
March 31, 2015
--------------
Average Annual Total Return on
NAV for the 5-year period ended
this month (2) 8.92%
-------------------------------- ----
Current Fiscal YTD Annualized
Distribution Rate (3) 7.04%
----------------------------- ----
YTD Cumulative Total Return on
NAV (4) 1.02%
------------------------------ ----
YTD Cumulative Distribution Rate
(5) 1.76%
-------------------------------- ----
(2) Average Annual Total Return on
NAV is the annual compound
return for the five-year
period. It reflects the change
in the Fund's NAV and
reinvestment of all
distributions.
(3) Current Fiscal YTD Annualized
Distribution Rate is the
cumulative distribution rate
annualized as a percentage of
the Fund's NAV at month end.
(4) YTD Cumulative Total Return on
NAV is the percentage change in
the Fund's NAV from the first
day of the year to this month
end, including distributions
paid and assuming reinvestment
of those distributions.
(5) YTD Cumulative Distribution Rate
is the dollar value of
distributions from the first
day of the year to this month
end as a percentage of the
Fund's NAV at month end.
Section 19(a) notices are posted on the Fund's website at:
ZTR 19A Notices
The Zweig closed-end funds are advised by Zweig Advisers LLC. For more information on the Fund, please contact shareholder services at 800.272.2700, by email at zweig@virtus.com, or visit us on the web at www.virtus.com.
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SOURCE Virtus Investment Partners, Inc.
