Virtus Total Return Fund Inc. Discloses Sources of Distribution – Section 19(a) Notice
Virtus Total Return Fund (NYSE: ZTR) has disclosed information regarding its monthly distribution under its Managed Distribution Plan. The fund aims to maintain consistent distribution levels that may be sourced from net investment income and realized capital gains.
The fund has indicated that it has distributed more than its income and capital gains, meaning a portion of the distribution may constitute a return of capital to shareholders. This occurs when investors receive back part of their original investment and should not be interpreted as yield or income.
The fund emphasizes that actual distribution amounts and sources for tax purposes will depend on the fund's investment experience during the remainder of its fiscal year. Shareholders will receive Form 1099-DIV for tax reporting purposes.
Virtus Total Return Fund (NYSE: ZTR) ha divulgato informazioni riguardanti la sua distribuzione mensile nell'ambito del suo Piano di Distribuzione Gestita. Il fondo mira a mantenere livelli di distribuzione costanti, che possono provenire da reddito da investimenti netti e guadagni in conto capitale realizzati.
Il fondo ha indicato di aver distribuito più del suo reddito e dei guadagni in conto capitale, il che significa che una parte della distribuzione potrebbe costituire un rimborso di capitale per gli azionisti. Questo si verifica quando gli investitori ricevono indietro una parte del loro investimento originale e non dovrebbe essere interpretato come rendimento o reddito.
Il fondo sottolinea che gli importi di distribuzione effettivi e le fonti ai fini fiscali dipenderanno dall'esperienza di investimento del fondo durante il resto dell'anno fiscale. Gli azionisti riceveranno il Modulo 1099-DIV per scopi di rendicontazione fiscale.
Virtus Total Return Fund (NYSE: ZTR) ha revelado información sobre su distribución mensual bajo su Plan de Distribución Administrada. El fondo tiene como objetivo mantener niveles de distribución consistentes, que pueden provenir de ingresos netos por inversiones y ganancias de capital realizadas.
El fondo ha indicado que ha distribuido más de sus ingresos y ganancias de capital, lo que significa que una parte de la distribución puede constituir un reembolso de capital para los accionistas. Esto ocurre cuando los inversores reciben de vuelta parte de su inversión original y no debe interpretarse como rendimiento o ingreso.
El fondo enfatiza que los montos de distribución reales y las fuentes a efectos fiscales dependerán de la experiencia de inversión del fondo durante el resto de su año fiscal. Los accionistas recibirán el Formulario 1099-DIV para fines de reporte fiscal.
Virtus Total Return Fund (NYSE: ZTR)는 관리 배당 계획에 따른 월간 배당에 대한 정보를 공개했습니다. 이 펀드는 순 투자 수익과 실현된 자본 이익에서 나올 수 있는 일관된 배당 수준을 유지하는 것을 목표로 합니다.
펀드는 수익 및 자본 이익을 초과하여 배당금을 분배했음을 나타내며, 이는 배당금의 일부가 주주에게 자본 환급으로 간주될 수 있음을 의미합니다. 이는 투자자가 원래 투자금의 일부를 되돌려받는 경우 발생하며, 수익이나 소득으로 해석되어서는 안 됩니다.
펀드는 실제 배당 금액 및 세금 목적의 출처가 회계 연도 동안의 펀드의 투자 경험에 따라 달라질 것이라고 강조합니다. 주주는 세금 보고 목적으로 1099-DIV 양식을 받게 됩니다.
Virtus Total Return Fund (NYSE: ZTR) a divulgué des informations concernant sa distribution mensuelle dans le cadre de son Plan de Distribution Géré. Le fonds vise à maintenir des niveaux de distribution constants, pouvant provenir de revenus d'investissement nets et de gains en capital réalisés.
Le fonds a indiqué avoir distribué plus que ses revenus et gains en capital, ce qui signifie qu'une partie de la distribution pourrait constituer un remboursement de capital pour les actionnaires. Cela se produit lorsque les investisseurs récupèrent une partie de leur investissement initial et ne doit pas être interprété comme un rendement ou un revenu.
Le fonds souligne que les montants de distribution réels et les sources à des fins fiscales dépendront de l'expérience d'investissement du fonds durant le reste de son exercice fiscal. Les actionnaires recevront le formulaire 1099-DIV à des fins de déclaration fiscale.
Virtus Total Return Fund (NYSE: ZTR) hat Informationen zu seiner monatlichen Ausschüttung im Rahmen seines Managed Distribution Plans veröffentlicht. Der Fonds verfolgt das Ziel, konsistente Ausschüttungsniveaus aufrechtzuerhalten, die aus Nettoanlageerträgen und realisierten Kapitalgewinnen stammen können.
Der Fonds hat angegeben, dass er mehr als seine Erträge und Kapitalgewinne ausgeschüttet hat, was bedeutet, dass ein Teil der Ausschüttung als Kapitalrückzahlung an die Aktionäre angesehen werden kann. Dies geschieht, wenn Investoren einen Teil ihrer ursprünglichen Investition zurückerhalten, und sollte nicht als Ertrag oder Einkommen interpretiert werden.
Der Fonds betont, dass die tatsächlichen Ausschüttungsbeträge und -quellen für steuerliche Zwecke von den Anlageerfahrungen des Fonds im verbleibenden Geschäftsjahr abhängen werden. Die Aktionäre erhalten das Formular 1099-DIV für steuerliche Berichterstattungszwecke.
- None.
- Fund is distributing more than its income and capital gains, indicating potential unsustainable distribution levels
- Portions of distributions represent return of capital, reducing shareholders' original investment
Amount of Distribution |
Ex-Date/Record Date |
Payable Date |
|
March 13, 2025 |
March 28, 2025 |
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 provided this estimate of the sources of the distributions:
Distribution Estimates |
March 2025 (MTD) |
Fiscal Year-to-Date
|
||||||
(Sources) |
Per Share
|
Percentage
|
Per Share
|
Percentage
|
||||
Net Investment Income |
$ |
0.000 |
0.0 |
% |
$ |
0.015 |
7.5 |
% |
Net Realized Short-Term Capital Gains |
|
0.024 |
48.0 |
% |
|
0.024 |
12.0 |
% |
Net Realized Long-Term Capital Gains |
|
0.026 |
52.0 |
% |
|
0.026 |
13.0 |
% |
Return of Capital (or other Capital Source) |
|
0.000 |
0.0 |
% |
|
0.135 |
67.5 |
% |
Total Distribution |
$ |
0.050 |
100.0 |
% |
$ |
0.200 |
100.0 |
% |
(1) |
Fiscal year started December 1, 2024. |
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.
February 28, 2025 |
|
|
Average Annual Total Return on NAV for the 5-year period (2) |
5.10 |
% |
Annualized Current Distribution Rate (3) |
8.98 |
% |
Fiscal YTD Cumulative Total Return on NAV (4) |
-2.14 |
% |
Fiscal YTD Cumulative Distribution Rate (5) |
2.25 |
% |
(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, LLC, a registered investment adviser and an affiliate of Virtus Investment Partners, 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250327944495/en/
For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Total Return Fund Inc.
FAQ
What does ZTR's return of capital distribution mean for investors?
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How does ZTR's Managed Distribution Plan work?
