HARTFORD, Conn., Sept. 21, 2016 /PRNewswire/ -- Virtus Total
Return Fund (NYSE: DCA) announced that its dividend distribution
for the third quarter of 2016 will be $0.10 per share, payable on October 20, 2016, to shareholders of record on
October 13, 2016 (ex-date
October 11, 2016).
Distributions may represent earnings from net investment income,
excess gains taxable as ordinary income or, if necessary, return of
capital. Any portion of the Fund's distributions that is a return
of capital does not necessarily reflect the Fund's investment
performance and should not be confused with "yield" or "income."
Distributions are subject to re-characterization for tax purposes
after the end of the fiscal year. All shareholders with taxable
accounts will receive written notification regarding the components
and tax treatment for distributions via Form 1099-DIV.
The Virtus Total Return Fund is a diversified closed-end fund
with an objective of total return, consisting of both capital
appreciation and current income, as determined by the Fund's
investment adviser, Virtus Investment Advisers, Inc. The Fund has
been managed since December 9, 2011
by Duff & Phelps Investment Management Co. and Newfleet Asset
Management, LLC, both affiliated managers of Virtus Investment
Partners.
For more information on the Fund, contact shareholder services
at (866) 270-7788, by email at closedendfunds@virtus.com, or
through the closed end fund section on the web at
www.virtus.com.
About Duff & Phelps Investment Management Co.
Duff & Phelps Investment Management is a leader in investing
in real estate investment trusts, infrastructure, and utility
companies and in developing and managing focused investment
strategies for specialized clients. For more information about Duff
& Phelps, visit www.dpimc.com.
About Newfleet Asset Management
Newfleet Asset Management provides comprehensive fixed income
portfolio management in multiple strategies. Newfleet Multi-Sector
Strategies, which manages assets in the Virtus Total Return Fund,
leverages the knowledge and skill of a team of investment
professionals with expertise in every sector of the bond market,
including evolving, specialized, and out-of-favor sectors. The team
employs active sector rotation and disciplined risk management to
portfolio construction, avoiding interest rate bets and remaining
duration neutral to each strategy's stated benchmark.
About Virtus Investment Partners
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive
partnership of boutique investment managers singularly committed to
the long-term success of individual and institutional investors.
For more information visit www.virtus.com.
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SOURCE Virtus Investment Partners, Inc.