The Zweig Fund, Inc. Discloses Sources Of Distribution - Section
19A Notice
NEW YORK, Jan. 10, 2013 /PRNewswire/ -- The Board of
Directors of The Zweig Fund, Inc. (NYSE: ZF) declared a
distribution of $0.208 per share to
shareholders of record on December 31,
2012, payable January 9, 2013,
under the current Managed Distribution Plan that pays 6 percent of
the fund's net asset value ("NAV") on an annualized
basis.
The following is a required Section 19A notice:
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.
This notice discloses information on the sources of the
distribution as required by SEC Rule 19(a) of the Investment
Company Act of 1940 and the fund's SEC Exemptive Order under
Section 19(b) as follows:
|
Distribution Estimates
|
December 2012 (QTD)
|
Year-to-date (YTD) (1)
|
|
(Sources)
|
Per
Share Amount
|
Percentage
of Current Distribution
|
Per
Share Amount
|
Percentage
of Current Distribution
|
|
Net
Investment Income
|
$
0.032
|
15.4%
|
$
0.085
|
12.4%
|
|
Net
Realized Foreign Currency Gains
|
0.014
|
6.9%
|
0.013
|
1.9%
|
|
Net
Realized Short-Term Capital Gains
|
0.162
|
77.7%
|
0.277
|
40.6%
|
|
Net
Realized Long-Term Capital Gains
|
-
|
0.0%
|
-
|
0.0%
|
|
Return of
Capital (or other Capital Source)
|
-
|
0.0%
|
0.307
|
45.1%
|
|
Total
Distribution
|
$
0.208
|
100.0%
|
$
0.682
|
100.0%
|
|
|
(1) YTD February 1, 2012 to January 9, 2013.
(The distribution paid on January 9, 2012 was reportable for tax on
Form 1099 in 2011)
|
The fund estimates that it has distributed more than its income
and net realized 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 amounts and sources of distributions reported in this notice
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 fund will
send you a Form 1099-DIV for the calendar year that will tell you
how to report these distributions for federal income tax
purposes.
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 NAV and not the market price of the
fund's shares. Performance figures are not meant to represent
individual shareholder performance.
|
Average
Annual Total Return on NAV for the 5-year period ended December 31,
2012 (2)
|
1.01%
|
|
Current
Fiscal YTD Annualized Distribution Rate
(3)
|
6.96%
|
|
|
|
YTD
Cumulative Total Return on NAV (4)
|
11.41%
|
|
YTD
Cumulative Distribution Rate (5)
|
6.96%
|
|
(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)
|
Current
Fiscal YTD Annualized Distribution Rate is the Cumulative
Distribution Rate annualized as a percentage of the fund's NAV as
of December 31, 2012.
|
|
(4)
|
YTD
Cumulative Total Return on NAV is the percentage change in the
fund's NAV from January 1, 2012 to December 31, 2012, including
distributions paid and assuming reinvestment of those
distributions.
|
|
(5)
|
YTD
Cumulative Distribution Rate is the dollar value of distributions
from January 1, 2012 to December 31, 2012 as a percentage of the
fund's NAV as of December 31, 2012.
|
The Zweig Fund, Inc. is a closed-end fund 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.
ZF Cusip: 989834205
SOURCE The Zweig Fund, Inc.