HARTFORD, Conn., Feb. 3, 2023
/PRNewswire/ -- Virtus Total Return Fund Inc. (NYSE: ZTR)
previously announced, on November 17,
2022, the following monthly distribution:
Amount of
Distribution
|
Ex-Date
|
Record
Date
|
Payable
Date
|
$0.08
|
February 10,
2023
|
February 13,
2023
|
February 24,
2023
|
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 2023
(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
|
$
-
|
0.0 %
|
$ 0.026
|
16.0 %
|
Net Realized Foreign
Currency Gains
|
0.000(2)
|
0.2 %
|
0.000(2)
|
0.1 %
|
Net Realized Short-Term
Capital Gains
|
0.011
|
13.2 %
|
0.011
|
6.6 %
|
Net Realized Long-Term
Capital Gains
|
0.004
|
4.6 %
|
0.004
|
2.3 %
|
Return of Capital (or
other Capital Source)
|
0.065
|
82.0 %
|
0.119
|
75.0 %
|
Total
Distribution
|
$
0.080
|
100.0 %
|
$ 0.160
|
100.0 %
|
|
|
|
|
|
|
(1)
|
Fiscal year started
December 1, 2022
|
(2)
|
Per share amount less
than 0.0005
|
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 31,
2023
|
|
|
Average Annual Total
Return on NAV for the 5-year period (3)
|
3.56 %
|
|
Annualized Current
Distribution Rate (4)
|
12.90 %
|
|
Fiscal YTD
Cumulative Total Return on NAV (5)
|
1.28 %
|
|
Fiscal YTD
Cumulative Distribution Rate (6)
|
2.15 %
|
|
(3)
|
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.
|
(4)
|
Annualized Current
Distribution Rate is the current distribution rate annualized as a
percentage of the Fund's NAV at month end.
|
(5)
|
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.
|
(6)
|
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. is the investment adviser,
and Duff & Phelps Investment Management Co. and Newfleet
Asset Management are the subadvisers to the Fund.
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 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 the 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. pursues investment
strategies with exceptional depth of resources and expertise. With
more than 35 years of experience managing investment portfolios,
Duff & Phelps has earned a reputation as a leader in investing
in global listed infrastructure, global listed real estate, clean
energy, and diversified real assets in institutional separate
accounts and open- and closed-end funds. For more information,
visit dpimc.com.
About Newfleet Asset Management
Newfleet
Asset Management provides comprehensive fixed income portfolio
management in multiple strategies. The Newfleet Multi-Sector
Strategies team that manages the Virtus Total Return Fund Inc.
employs active sector rotation and disciplined risk management in
portfolio construction, avoiding interest rate bets, and remaining
duration neutral to each strategy's stated benchmark.
Newfleet Asset Management is a division of Virtus Fixed
Income Advisers, LLC, which is a registered investment adviser
affiliated with Virtus Investment Partners. For more information,
visit 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 virtus.com.
For Further
Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/virtus-total-return-fund-inc-discloses-sources-of-distribution--section-19a-notice-301738730.html
SOURCE Virtus Total Return Fund Inc.