Virtus Total Return Fund Inc. (NYSE: ZTR) today announced the
following monthly distributions:
Amount of Distribution
Ex-Date
Record Date
Payable Date
$0.05
September 13, 2024
September 13, 2024
September 26, 2024
$0.05
October 11, 2024
October 11, 2024
October 30, 2024
$0.05
November 12, 2024
November 12, 2024
November 27, 2024
Under the terms of its Managed Distribution Plan, the Fund will
seek 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. 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
Managed Distribution Plan.
The Fund estimates that it has distributed more than its income
and capital gains; therefore, a portion of your distribution may be
a return of capital. A return of capital may occur, for example,
when some or all of the money that you invested in the Fund is paid
back to you. A return of capital distribution does not necessarily
reflect the Fund’s investment performance and should not be
confused with ‘yield’ or ‘income’.
The Fund previously provided this estimate of the sources of the
distributions:
Distribution Estimates
August 2024 (MTD)
Fiscal Year-to-Date (YTD)
(1)
(Sources)
Per Share Amount
Percentage of Current
Distribution
Per Share Amount
Percentage of Current
Distribution
Net Investment Income
$
0.000
0.0
%
$
0.022
4.9
%
Net Realized Short-Term Capital Gains
0.000
0.0
%
-
0.0
%
Net Realized Long-Term Capital Gains
0.000
0.0
%
-
0.0
%
Return of Capital (or other Capital
Source)
0.050
100.0
%
0.428
95.1
%
Total Distribution
$
0.050
100.0
%
$
0.450
100.0
%
(1)
Fiscal year started December 1,
2023.
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 net asset value (NAV) and not the market
price of the Fund’s shares. Performance figures are not meant to
represent individual shareholder performance.
July 31, 2024
Average Annual Total Return on NAV for the
5-year period (2)
3.58
%
Annualized Current Distribution Rate
(3)
9.13
%
Fiscal YTD Cumulative Total Return on NAV
(4)
12.84
%
Fiscal YTD Cumulative Distribution Rate
(5)
6.09
%
(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)
Annualized Current Distribution
Rate is the current distribution rate annualized as a percentage of
the Fund's NAV at month end.
(4)
Fiscal YTD Cumulative Total
Return on NAV is the percentage change in the Fund's NAV from the
first day of the fiscal year to this month end, including
distributions paid and assuming reinvestment of those
distributions.
(5)
Fiscal YTD Cumulative
Distribution Rate is the dollar value of distributions from the
first day of the fiscal year to this month end as a percentage of
the Fund's NAV at month end.
The amounts and sources of distributions reported in this notice
are estimates only and are not being provided for tax reporting
purposes. The actual amounts and sources of the distributions for
tax purposes will depend on the Fund’s investment experience during
the remainder of its fiscal year and may be subject to changes
based on tax regulations. The Fund or your broker will send you a
Form 1099-DIV for the calendar year that will tell you what
distributions to report for federal income tax purposes.
About the Fund
Virtus Total Return Fund Inc. is a diversified closed-end fund
whose investment objective is capital appreciation, with income as
a secondary objective. Virtus Investment Advisers, Inc. is the
investment adviser and Duff & Phelps Investment Management Co.
and Newfleet Asset Management are the subadvisers to the Fund.
For more information on the Fund, contact shareholder services
at (866) 270-7788, by email at closedendfunds@virtus.com, or
through the Closed-End Funds section of virtus.com.
Fund Risks
An investment in a fund is subject to risk, including the risk
of possible loss of principal. A fund’s shares may be worth less
upon their sale than what an investor paid for them. Shares of
closed-end funds may trade at a premium or discount to their NAV.
For more information about the Fund’s investment objective and
risks, please see the Fund’s annual report. A copy of the Fund’s
most recent annual report may be obtained free of charge by
contacting “Shareholder Services” as set forth at the bottom of
this press release.
About Duff & Phelps Investment Management Co.
Duff & Phelps Investment Management Co. pursues investment
strategies with exceptional depth of resources and expertise. With
more than 35 years of experience managing investment portfolios,
Duff & Phelps has earned a reputation as a leader in investing
in global listed infrastructure, global listed real estate, clean
energy, and diversified real assets in institutional separate
accounts and open- and closed-end funds. For more information,
visit dpimc.com.
About Newfleet Asset Management
Newfleet Asset Management provides comprehensive fixed income
portfolio management in multiple strategies. The Newfleet
Multi-Sector Strategies team that manages the Virtus Total Return
Fund Inc. employs active sector rotation and disciplined risk
management in portfolio construction, avoiding interest rate bets,
and remaining duration neutral to each strategy’s stated benchmark.
Newfleet Asset Management is a division of Virtus Fixed Income
Advisers, LLC, which is a registered investment adviser affiliated
with Virtus Investment Partners. For more information, visit
newfleet.com.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: VRTS) is a distinctive
partnership of boutique investment managers singularly committed to
the long-term success of individual and institutional investors. We
provide investment management products and services from our
affiliated managers, each with a distinct investment style and
autonomous investment process, as well as select subadvisers.
Investment solutions are available across multiple disciplines and
product types to meet a wide array of investor needs. Additional
information about our firm, investment partners, and strategies is
available at virtus.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240829901956/en/
For Further Information:
Shareholder Services (866) 270-7788 closedendfunds@virtus.com
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