Virtus Total Return Fund Inc. Discloses Sources of Distribution – Section 19(a) Notice
Virtus Total Return Fund (NYSE: ZTR) announced a monthly distribution of $0.05 per share, payable on October 30, 2024. The Fund's distribution analysis reveals that 100% of the October distribution comes from return of capital, with no contribution from investment income or capital gains. For the fiscal year-to-date, 96% of distributions were return of capital, while 4% came from net investment income. The Fund's performance metrics show a 5-year average annual return on NAV of 4.64%, an annualized distribution rate of 8.57%, and a fiscal YTD cumulative total return of 22.22%.
Il Virtus Total Return Fund (NYSE: ZTR) ha annunciato una distribuzione mensile di $0.05 per azione, che sarà pagata il 30 ottobre 2024. L'analisi della distribuzione del fondo rivela che il 100% della distribuzione di ottobre proviene dal ritorno di capitale, senza alcun contributo da reddito da investimenti o guadagni in conto capitale. Nell'anno fiscale fino ad oggi, il 96% delle distribuzioni erano ritorni di capitale, mentre il 4% proveniva da reddito netto da investimenti. I metriche di performance del fondo mostrano un ritorno annuale medio su NAV di 4.64% negli ultimi 5 anni, un tasso di distribuzione annualizzato dell'8.57% e un ritorno totale cumulativo dell'anno fiscale YTD del 22.22%.
El Virtus Total Return Fund (NYSE: ZTR) anunció una distribución mensual de $0.05 por acción, que se pagará el 30 de octubre de 2024. El análisis de distribución del fondo revela que el 100% de la distribución de octubre proviene del regreso de capital, sin contribución de ingresos por inversiones o ganancias de capital. Para el año fiscal hasta la fecha, el 96% de las distribuciones fueron regreso de capital, mientras que el 4% provinieron de ingresos netos por inversiones. Los indicadores de rendimiento del fondo muestran un retorno anual promedio sobre NAV del 4.64% durante los últimos 5 años, una tasa de distribución anualizada del 8.57% y un retorno total acumulativo en el año fiscal YTD del 22.22%.
버투스 토탈 리턴 펀드 (NYSE: ZTR)는 주당 $0.05의 월 배당금을 발표했으며, 2024년 10월 30일에 지급될 예정입니다. 펀드의 배당 분석에 따르면, 10월 배당금의 100%가 자본 반환에서 나오며, 투자 수익이나 자본 이익의 기여는 없습니다. 지금까지의 재정 연도에 대해 96%의 배당금이 자본 반환이었고, 4%는 순 투자 수익에서 발생했습니다. 펀드의 성과 지표는 최근 5년 동안 NAV 기준 연평균 수익률이 4.64%, 연환산 배당률이 8.57%, 올해 재정 연도 누적 총수익률이 22.22%임을 보여줍니다.
Le Virtus Total Return Fund (NYSE: ZTR) a annoncé une distribution mensuelle de $0.05 par action, payable le 30 octobre 2024. L'analyse de la distribution du fonds révèle que 100% de la distribution d'octobre provient d'un retour de capital, sans contribution de revenus d'investissement ou de plus-values. Pour l'exercice en cours, 96% des distributions provenaient du retour de capital, tandis que 4% provenaient des revenus nets d'investissement. Les indicateurs de performance du fonds montrent un rendement annuel moyen sur NAV de 4.64% sur 5 ans, un taux de distribution annualisé de 8.57% et un rendement total cumulatif depuis le début de l'exercice de 22.22%.
Der Virtus Total Return Fund (NYSE: ZTR) gab eine monatliche Ausschüttung von $0.05 pro Aktie5-Jahres-Durchschnittsjahresrendite auf NAV von 4.64%, eine annualisierte Ausschüttungsquote von 8.57% und eine kumulierte Gesamtrendite des laufenden Geschäftsjahres YTD von 22.22%.
- Fiscal YTD cumulative total return on NAV of 22.22%
- 5-year average annual return on NAV of 4.64%
- Maintaining consistent monthly distribution of $0.05 per share
- 100% of October distribution consists of return of capital, indicating insufficient income generation
- 96% of fiscal YTD distributions represent return of capital rather than earned income
- No contribution from investment income or capital gains in current distribution
Insights
The fund's distribution analysis reveals concerning patterns. 100% of the October distribution (
While the fund shows a
Amount of Distribution |
Ex-Date |
Record Date |
Payable Date |
|
October 11, 2024 |
October 11, 2024 |
October 30, 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 provided this estimate of the sources of the distributions:
Distribution Estimates |
October 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 |
4.0 |
% |
Net Realized Short-Term Capital Gains |
|
- |
0.0 |
% |
|
- |
0.0 |
% |
Net Realized Long-Term Capital Gains |
|
- |
0.0 |
% |
|
- |
0.0 |
% |
Return of Capital (or other Capital Source) |
|
0.050 |
100.0 |
% |
|
0.528 |
96.0 |
% |
Total Distribution |
$ |
0.050 |
100.0 |
% |
$ |
0.550 |
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.
September 30, 2024 |
|
|
Average Annual Total Return on NAV for the 5-year period (2) |
4.64 |
% |
Annualized Current Distribution Rate (3) |
8.57 |
% |
Fiscal YTD Cumulative Total Return on NAV (4) |
22.22 |
% |
Fiscal YTD Cumulative Distribution Rate (5) |
7.14 |
% |
(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/20241028709992/en/
For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Total Return Fund Inc.
FAQ
What is the October 2024 distribution amount for Virtus Total Return Fund (ZTR)?
What is ZTR's current distribution composition for October 2024?
What is Virtus Total Return Fund's (ZTR) 5-year average annual return on NAV?
What is ZTR's fiscal year-to-date cumulative total return as of September 2024?
