Virtus Total Return Fund Inc. Announces Distributions
Virtus Total Return Fund Inc. (NYSE: ZTR) has announced monthly distributions of $0.05 per share for September, October, and November 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. However, the current distribution appears to be primarily a return of capital, with 95.1% of the fiscal year-to-date distribution classified as such.
Key performance metrics as of July 31, 2024 include:
- 5-year Average Annual Total Return on NAV: 3.58%
- Annualized Current Distribution Rate: 9.13%
- Fiscal YTD Cumulative Total Return on NAV: 12.84%
- Fiscal YTD Cumulative Distribution Rate: 6.09%
Il Virtus Total Return Fund Inc. (NYSE: ZTR) ha annunciato distribuzioni mensili di $0.05 per azione per i mesi di settembre, ottobre e novembre 2024. Il fondo opera sotto un Piano di Distribuzione Gestita, con l'obiettivo di mantenere livelli di distribuzione costanti. Tuttavia, la distribuzione attuale risulta essere principalmente un ritorno di capitale, con il 95,1% della distribuzione dall'inizio dell'anno fiscale classificata come tale.
I principali indicatori di performance al 31 luglio 2024 includono:
- Rendimento totale annuo medio su NAV a 5 anni: 3.58%
- Aliquota di distribuzione attuale annualizzata: 9.13%
- Rendimento totale cumulativo su NAV dall'inizio dell'anno fiscale: 12.84%
- Aliquota di distribuzione cumulativa dall'inizio dell'anno fiscale: 6.09%
El Virtus Total Return Fund Inc. (NYSE: ZTR) ha anunciado distribuciones mensuales de $0.05 por acción para septiembre, octubre y noviembre de 2024. El fondo opera bajo un Plan de Distribución Gestionada, con el objetivo de mantener niveles de distribución consistentes. Sin embargo, la distribución actual parece ser principalmente un retorno de capital, con el 95.1% de la distribución acumulada en el año fiscal clasificada como tal.
Los principales indicadores de rendimiento al 31 de julio de 2024 incluyen:
- Rendimiento total anual promedio sobre NAV a 5 años: 3.58%
- Tasa de distribución actual anualizada: 9.13%
- Rendimiento total acumulado sobre NAV en lo que va del año fiscal: 12.84%
- Tasa de distribución acumulada en lo que va del año fiscal: 6.09%
버튜스 토탈 리턴 펀드 Inc. (NYSE: ZTR)은 2024년 9월, 10월 및 11월에 주당 $0.05의 월 배당금을 발표했습니다. 이 펀드는 일정한 배당 수준을 유지하는 것을 목표로 하는 관리 배당 계획 하에 운영됩니다. 그러나 현재 배당금은 주로 자본 반환으로 보이며, 회계 연도 초부터의 배당금의 95.1%가 이로 분류됩니다.
2024년 7월 31일 기준 주요 성과 지표는 다음과 같습니다:
- 5년 평균 연간 NAV 총 수익: 3.58%
- 연화 현재 배당률: 9.13%
- 회계 연도 초부터의 NAV 누적 총 수익: 12.84%
- 회계 연도 초부터의 누적 배당률: 6.09%
Le Virtus Total Return Fund Inc. (NYSE: ZTR) a annoncé des distributions mensuelles de 0,05 $ par action pour septembre, octobre et novembre 2024. Le fonds fonctionne dans le cadre d'un Plan de Distribution Géré, visant à maintenir des niveaux de distribution constants. Cependant, la distribution actuelle semble être principalement un retour de capital, avec 95,1 % de la distribution cumulée depuis le début de l'année fiscale classée comme telle.
Les principaux indicateurs de performance au 31 juillet 2024 incluent :
- Rendement total annuel moyen sur NAV sur 5 ans : 3,58 %
- Taux de distribution actuel annualisé : 9,13 %
- Rendement total cumulé sur NAV depuis le début de l'année fiscale : 12,84 %
- Taux de distribution cumulé depuis le début de l'année fiscale : 6,09 %
Der Virtus Total Return Fund Inc. (NYSE: ZTR) hat monatliche Ausschüttungen von 0,05 $ pro Aktie für September, Oktober und November 2024 angekündigt. Der Fonds operiert unter einem Verwalteten Ausschüttungsplan, der darauf abzielt, konsistente Ausschüttungsniveaus aufrechtzuerhalten. Allerdings scheint die aktuelle Ausschüttung hauptsächlich eine Rückzahlung von Kapital zu sein, wobei 95,1 % der Ausschüttung seit Beginn des Geschäftsjahres als solche klassifiziert werden.
Die wichtigsten Leistungskennzahlen zum 31. Juli 2024 umfassen:
- 5-Jahres-Durchschnitt der jährlichen Gesamtrendite auf NAV: 3,58 %
- Jährliche aktuelle Ausschüttungsrate: 9,13 %
- Kumulierte Gesamtrendite auf NAV für das Geschäftsjahr bis heute: 12,84 %
- Kumulierte Ausschüttungsrate für das Geschäftsjahr bis heute: 6,09 %
- Consistent monthly distributions of $0.05 per share
- Annualized Current Distribution Rate of 9.13%
- Fiscal YTD Cumulative Total Return on NAV of 12.84%
- 95.1% of fiscal year-to-date distribution classified as return of capital
- Low 5-year Average Annual Total Return on NAV of 3.58%
Insights
The Virtus Total Return Fund Inc. (ZTR) has announced its monthly distributions for September, October and November 2024, maintaining a consistent
The fund's 5-year average annual total return of
The tax implications of ZTR's distributions are significant. With
While this may seem advantageous for current income, it's essentially a return of the investor's own money, not a profit. The fund's statement that it has distributed more than its income and capital gains is a red flag for long-term sustainability. Investors should carefully consider the impact on their investment's value and future tax liabilities when evaluating this fund's role in their portfolio.
Amount of Distribution |
Ex-Date |
Record Date |
Payable Date |
|
September 13, 2024 |
September 13, 2024 |
September 26, 2024 |
|
October 11, 2024 |
October 11, 2024 |
October 30, 2024 |
|
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240829901956/en/
For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Total Return Fund Inc.
FAQ
What is the monthly distribution amount for Virtus Total Return Fund Inc. (ZTR)?
What percentage of ZTR's fiscal year-to-date distribution is classified as return of capital?
What is the 5-year Average Annual Total Return on NAV for ZTR as of July 31, 2024?
What is the Fiscal YTD Cumulative Total Return on NAV for ZTR as of July 31, 2024?
