HARTFORD, Conn., Feb. 2, 2021 /PRNewswire/ -- Virtus
Total Return Fund Inc. (NYSE: ZTR) previously announced the
following monthly distribution on November
19, 2020:
Amount of
Distribution
|
Ex-Date
|
Record
Date
|
Payable
Date
|
$0.08
|
February 10,
2021
|
February 11,
2021
|
February 19,
2021
|
Under the terms of its Managed Distribution Plan, the Fund will
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. 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 Fund estimates that it has distributed more than its income
and 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 Fund provided this estimate of the sources of the
distributions:
Distribution
Estimates
|
January 2021
(MTD)
|
Fiscal
Year-to-Date (YTD)(1)
|
(Sources)
|
Per
Share
Amount
|
Percentage
of Current
Distribution
|
Per Share
Amount
|
Percentage
of Current
Distribution
|
Net Investment
Income
|
$
0.012
|
15.4%
|
$
0.040
|
24.7%
|
Net Realized
Short-Term Capital Gains
|
-
|
0.0%
|
-
|
0.0%
|
Net Realized
Long-Term Capital Gains
|
-
|
0.0%
|
-
|
0.0%
|
Return of Capital (or
other Capital Source)
|
0.068
|
84.6%
|
0.120
|
75.3%
|
Total
Distribution
|
$
0.080
|
100.0%
|
$
0.160
|
100.0%
|
|
|
|
|
|
|
(1)
Fiscal year started December 1, 2020.
|
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.
January 29,
2021
|
|
|
Average Annual
Total Return on NAV for the 5-year period
(2)
|
9.52%
|
|
Current Fiscal YTD
Annualized Distribution Rate (3)
|
10.54%
|
|
Fiscal YTD
Cumulative Total Return on NAV (4)
|
-0.33%
|
|
Fiscal YTD
Cumulative Distribution Rate (5)
|
1.76%
|
|
(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 current distribution rate
annualized as a percentage of the Fund's NAV at month
end.
|
(4)
|
Fiscal YTD Cumulative
Total Return on NAV is the percentage change in the Fund's NAV from
the first day of the fiscal year to this month end, including
distributions paid and assuming reinvestment of those
distributions.
|
(5)
|
Fiscal YTD Cumulative
Distribution Rate is the dollar value of distributions from the
first day of the fiscal year to this month end as a percentage of
the Fund's NAV at month end.
|
|
|
|
|
The amounts and sources of distributions reported
in this notice are estimates only and are
not being provided for tax
reporting purposes. The actual amounts and sources
of the distributions for tax purposes will depend
on the Fund's investment experience
during the remainder of its fiscal year
and may be subject to changes based on
tax regulations. The Fund or your broker will send
you a
Form 1099-DIV for the calendar year that will tell you
what distributions to report for federal income tax
purposes.
About the Fund
Virtus Total Return Fund Inc. is a diversified closed-end
fund whose investment objective is capital appreciation, with
income as a secondary objective. Virtus Investment Advisers, Inc.
has been the investment adviser, and Duff & Phelps Investment
Management Co. and Newfleet Asset Management, LLC have
been subadvisers to the Fund since December
9, 2011. Performance and characteristics prior to
December 9, 2011 were attained by the
previous adviser using a different investment strategy.
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 of www.virtus.com.
Fund Risks
An investment in a fund is subject to risk, including the risk
of possible loss of principal. A fund's shares may be worth less
upon their sale than what an investor paid for them. Shares
of closed-end funds may trade at a premium or discount to their net
asset value. For more information about each Fund's investment
objective and risks, please see the Fund's annual report. A copy of
the Fund's most recent annual report may be obtained free of charge
by contacting "Shareholder Services" as set forth at the bottom of
this press release.
About Duff & Phelps Investment Management Co.
Duff & Phelps Investment Management Co. has more than 35
years of experience managing investment portfolios, including
institutional separate accounts and open- and closed-end funds
investing in utilities, master limited partnerships (MLPs),
infrastructure and real estate investment trusts (REITs). For
more information, visit www.dpimc.com.
About Newfleet Asset Management
Newfleet Asset Management, an affiliated manager of Virtus
Investment Partners, provides comprehensive fixed income portfolio
management in multiple strategies. The Newfleet Multi-Sector
Strategies team that manages the Virtus Total Return Fund Inc.
leverages the knowledge and skill 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. For more information,
visit www.newfleet.com.
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. The
company provides investment management products and services
through its affiliated managers and select subadvisers, each with a
distinct investment style, autonomous investment process, and
individual brand. For
more information, visit www.virtus.com.
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SOURCE Virtus Total Return Fund Inc.