NEW YORK, April 18, 2013 /PRNewswire/ -- The Board of
Directors of The Zweig Fund, Inc. (NYSE: ZF) declared a
distribution of $0.223 per share to
shareholders of record on April 11,
2013, payable April 18, 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
|
March
2013 (QTD)
|
Year-to-date (YTD) (1)
|
|
(Sources)
|
Per
Share Amount
|
Percentage
of
Current Distribution
|
Per
Share Amount
|
Percentage
of
Current Distribution
|
|
Net
Investment Income
|
$
0.044
|
19.6%
|
$
0.044
|
19.6%
|
|
Net
Realized Foreign Currency Gains
|
-
|
0.0%
|
-
|
0.0%
|
|
Net
Realized Short-Term Capital Gains
|
0.179
|
80.4%
|
0.179
|
80.4%
|
|
Net
Realized Long-Term Capital Gains
|
-
|
0.0%
|
-
|
0.0%
|
|
Return of
Capital (or other Capital Source)
|
-
|
0.0%
|
-
|
0.0%
|
|
Total
Distribution
|
$
0.223
|
100.0%
|
$
0.223
|
100.0%
|
(1) YTD February
1, 2013 to January 9, 2014.
(The distribution paid on January 9,
2013 was reportable for tax on Form 1099 in 2012)
Under the terms of the Fund's managed distribution policy, the
Fund seeks 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 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 March 31,
2013 (2)
|
4.27%
|
|
Current
Fiscal YTD Annualized Distribution Rate
(3)
|
5.61%
|
|
|
|
YTD
Cumulative Total Return on NAV (4)
|
8.62%
|
|
YTD
Cumulative Distribution Rate (5)
|
1.40%
|
|
(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 March 28, 2013.
|
|
(4)
|
YTD
Cumulative Total Return on NAV is the percentage change in the
Fund's NAV from January 1, 2013 to March 31, 2013, including
distributions paid and assuming reinvestment of those
distributions.
|
|
(5)
|
YTD
Cumulative Distribution Rate is the dollar value of distributions
from January 1, 2013 to March 31, 2013 as a percentage of the
Fund's NAV as of March 28, 2013.
|
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.