Zweig Closed End Funds Authorize Declaration Of A Distribution
NEW YORK, July 1, 2013 /PRNewswire/ -- The Zweig Fund, Inc. (NYSE: ZF) and The Zweig Total Return Fund, Inc. (NYSE: ZTR) announced the dividend distributions on each Fund's common stock as follows:
| ZF |
|||
| Cents Per Share |
Record Date |
Ex Date |
Payable Date |
| $0.219 * |
July 11, 2013 |
July 9, 2013 |
July 18, 2013 |
| * Quarterly distribution represents a cash yield of 6 percent on an annualized basis. |
|||
| ZTR |
|||
| Cents Per Share |
Record Date |
Ex Date |
Payable Date |
| $0.083 ** |
July 11, 2013 |
July 9, 2013 |
July 18, 2013 |
| ** Monthly distribution represents a cash yield of 7 percent on an annualized basis. |
|||
The distributions may represent earnings from net investment income, capital gains, excess gains taxable as ordinary income 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 Managed Distribution Plan.
Under the terms of each Fund's managed distribution policy, the Funds 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. A return of capital is not taxable; rather it reduces a shareholder's tax basis in his or her shares of the Fund.
The amounts and sources of distributions reported in Section 19(a) notices of the 1940 Act 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 Funds' investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Funds 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.
Section 19(a) notices are posted on the website at:
ZF 19A Notices
ZTR 19A Notices
The Zweig closed-end funds are advised by Zweig Advisers LLC. For more information on the Funds, please contact shareholder services at 800.272.2700, by email at [email protected], or visit us on the web at www.virtus.com.
SOURCE The Zweig Fund, Inc.
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