NEW YORK, Dec. 19, 2012 /PRNewswire/ -- The Zweig Fund,
Inc. (NYSE: ZF) and The Zweig Total Return Fund, Inc. (NYSE: ZTR)
announced that its board of directors declared a distribution
payable January 9, 2013 to
stockholders of record on December 31,
2012.
The Zweig Fund intends to distribute the greater of 1.5% (6%
annualized) of its net asset value on December 31, 2012 or all available net investment
income and net short and long term capital gains, in accordance
with requirements under the Internal Revenue Code of 1986, as
amended. The amount of the distribution will be announced on
January 2, 2013.
The Zweig Total Return intends to distribute the greater of
0.58% (7% annualized) of its net asset value on December 31, 2012 or all available net investment
income and net short and long term capital gains, in accordance
with requirements under the Internal Revenue Code of 1986, as
amended. The amount of the distribution will be announced on
January 2, 2013.
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.
The Funds estimate that they have distributed more than its
income and net realized capital gains in the fiscal year to date;
therefore, a portion of the 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 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 Fund's 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:
http://www.virtus.com/products/closed/details.aspx?type=financial&fundid=ZF
http://www.virtus.com/products/closed/details.aspx?type=individual&fundid=ZTR
The Zweig closed-end funds are advised by Zweig Advisers
LLC. For more information on the Fund, please contact
shareholder services at 800.272.2700, by email at zweig@virtus.com,
or visit us on the web at www.virtus.com.
SOURCE The Zweig Fund, Inc.