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Virtus Total Return Fund Inc. (symbol: ZTR) is a closed-end, diversified management investment company with a primary focus on capital appreciation and a secondary goal of providing current income. The fund aims to achieve these objectives through a balanced portfolio of equity and fixed income investments. Virtus Total Return Fund Inc. strategically invests in companies operating in critical infrastructure sectors such as communications, utilities, energy, and transportation.
Virtus Total Return Fund Inc. is managed by Virtus Investment Partners, a firm known for its commitment to integrity, quality, and strength. As an investment management provider, Virtus offers a diverse range of products and services to both individual and institutional clients. The company's unique multi-manager asset management model features several affiliated managers, each with a distinct investment style and autonomous investment process, ensuring a robust and diversified approach to asset management.
The fund has shown resilience and adaptability in navigating various market conditions, supported by its strategic investments in essential infrastructure sectors. Recent achievements include steady performance metrics and successful portfolio diversification, positioning the fund for continued growth and stability.
Virtus Total Return Fund Inc. is committed to its investors' success, consistently prioritizing their needs and financial goals. The company's transparent and responsible management practices underscore its dedication to client satisfaction and trust.
For more information on important disclaimers, please visit Virtus Social Media Guidelines.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share, effective from March 23, 2023. The ex-date is March 10, 2023, and the record date is March 13, 2023. Under its Managed Distribution Plan, the Fund aims to sustain a stable distribution level, which may be funded from net investment income and realized capital gains or from the Fund's assets, potentially resulting in a return of capital. Notably, a significant portion of distributions may constitute a return of capital, indicating that the Fund has distributed more than its earnings year-to-date. This practice should not be seen as a reflection of the Fund's performance.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced its monthly distributions of $0.08 per share for March, April, and May 2023. The ex-dates are March 10, April 12, and May 10, 2023, with payable dates on March 23, April 25, and May 23, 2023, respectively. Under its Managed Distribution Plan, the Fund aims for consistent distribution levels, which may include net investment income and realized capital gains, but may include returns of capital if income and gains are insufficient. The Fund estimates that it has distributed more than its income and gains, indicating potential returns of capital for shareholders.
On February 3, 2023, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share. Key dates include an ex-date of February 10, record date of February 13, and payable date of February 24. According to the Fund’s Managed Distribution Plan, if net investment income and realized capital gains are insufficient, funds may be paid from shareholder capital, which could indicate a return of capital. The Fund reported that 82% of January's distribution was a return of capital. Additionally, the average annual total return on NAV over the past five years was 3.56%, with a current distribution rate of 12.90%.
On February 3, 2023, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a $0.08 monthly distribution under its Managed Distribution Plan, with an ex-date of February 10, a record date of February 13, and a payable date of February 24. The Fund notes that the distribution may include a return of capital if net investment income and realized capital gains are insufficient. In January 2023, net investment income was estimated at $0, while 82% of the distribution stemmed from a return of capital. The Fund's average annual total return on NAV over five years is 3.56%, with a current distribution rate of 12.90%.
On December 6, 2022, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08, payable on December 19, 2022. The fund's Managed Distribution Plan aims to maintain consistent distribution levels, potentially funded from net investment income and realized capital gains. However, recent estimates indicate that distributions may exceed actual net income, suggesting a return of capital could be involved.
The fund reported a 12.77% annualized current distribution rate with a fiscal year-to-date cumulative total return on NAV of -1.45%.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions of $0.08 for December 2022, January 2023, and February 2023. The fund operates under a Managed Distribution Plan, potentially distributing amounts from net investment income, capital gains, or Fund assets. Notably, the Fund has indicated distributions may include a return of capital, implying that some returns may not reflect investment performance. For October 2022, the average annual total return on NAV over five years stood at 0.91%, with a fiscal year-to-date annualized distribution rate of 13.81%.
On November 4, 2022, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share, effective November 10, 2022, with a record date of November 14, and payable on November 21. The distribution is part of the Fund's Managed Distribution Plan, which may partially draw from net investment income and capital gains. Notably, a substantial portion of the distribution is anticipated to be a return of capital, indicating potential risks to shareholders' capital. The Fund reported a fiscal YTD cumulative total return on NAV of -9.98%.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced a distribution of $0.08 per share, with relevant dates: Ex-Date on October 12, 2022, Record Date on October 13, 2022, and Payable Date on October 20, 2022. Under its Managed Distribution Plan, distributions may come from net investment income, realized capital gains, or other sources. The fund indicated that a portion of this amount may represent a return of capital, with a current fiscal YTD annualized distribution rate of 14.14% and a cumulative total return on NAV of -13.18%.
Virtus Total Return Fund Inc. (NYSE: ZTR) has completed a non-transferable rights offering, issuing 20.3 million shares of common stock. The total net proceeds, approximately $140.6 million after expenses, will be invested across the Fund's equity portfolio. The shares were priced at $6.96, 95% of the average market price as of September 16, 2022. The Fund intends to capitalize on investment opportunities in global infrastructure, aiming for capital appreciation and income while offering a defensive strategy during market volatility.
On September 19, 2022, Virtus Total Return Fund Inc. (NYSE: ZTR) announced the completion of its non-transferable rights offering, which expired on September 16, 2022. The subscription price was set at $6.96 per share, reflecting a discount to the net asset value of $7.88 and the average share price of $7.33. Shareholders could acquire one share for every three held, with approximately 20.3 million shares requested, surpassing the 16.5 million shares available. Confirmation of subscriptions and net proceeds is expected on September 21, 2022.
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