VIRTUS GLOBAL DIVIDEND & INCOME FUND INC. NEW YORK, Nov. 2, 2015 /PRNewswire/ -- The Zweig Total Return Fund, Inc. (NYSE: ZTR) today announced a monthly distribution of $0.082 per share, payable on November 19, 2015, to shareholders of record on November 12, 2015 (ex-date November 9, 2015).
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 October 2015 (MTD) Year-to-date (YTD) (1)
---------------------- ----------------- ---------------------
Per Share Percentage Per Share Percentage
Amount of Current Amount
Distribution of Current
Distribution
(Sources)
-------- ---
Net Investment Income $0.006 7.6% $0.180 20.9%
--------------------- ------ --- ------ ----
Net Realized Foreign Currency Gains - 0.0% - 0.0%
----------------------------------- --- --- --- ---
Net Realized Short-Term Capital Gains - 0.0% - 0.0%
------------------------------------- --- --- --- ---
Net Realized Long-Term Capital Gains - 0.0% 0.466 54.1%
------------------------------------ --- --- ----- ----
Return of Capital (or other Capital Source) 0.076 92.4% 0.215 25.0%
------------------------------------------ ----- ---- ----- ----
Total Distribution $0.082 100.0% $0.861 100.0%
------------------ ------ ----- ------ -----
(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)
The Fund estimates that it has distributed more than its income and net realized capital gains in the fiscal year to date; therefore, a portion of the 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 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.
October 30, 2015
----------------
Average Annual Total Return on
NAV for the 5-year period ended
this month (2) 7.56%
-------------------------------- ----
Current Fiscal YTD Annualized
Distribution Rate (3) 7.42%
----------------------------- ----
YTD Cumulative Total Return on
NAV (4) -2.71%
------------------------------ -----
YTD Cumulative Distribution Rate
(5) 6.19%
-------------------------------- ----
(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 The Zweig Total Return Fund, Inc.
