NEW YORK, June 1, 2016 /PRNewswire/ -- The Zweig Total
Return Fund, Inc. (NYSE: ZTR) today announced a monthly distribution of $0.11 per share, payable on
June 20, 2016, to shareholders of record on June 13, 2016 (ex-date
June 9, 2016).
The Fund has a Managed Distribution Plan ("Plan") to pay 10% of the Fund's net asset value on an annualized basis, consistent
with its primary investment objectives and as required by the Internal Revenue Code of 1986, as amended. Distributions may
represent earnings from net investment income, capital gains, or if necessary, return of 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
Plan.
The following chart discloses information on the sources of the distribution:
Distribution Estimates
|
May 2016 (MTD)
|
Year-to-date (YTD) (1)
|
(Sources)
|
Per Share
Amount
|
Percentage of Current Distribution
|
Per Share Amount
|
Percentage
of Current Distribution
|
Net Investment Income
|
$ 0.047
|
42.7%
|
$ 0.102
|
21.0%
|
Net Realized Foreign Currency Gains
|
-
|
0.0%
|
-
|
0.0%
|
Net Realized Short-Term Capital Gains
|
-
|
0.0%
|
-
|
0.0%
|
Net Realized Long-Term Capital Gains
|
0.063
|
57.3%
|
0.085
|
17.5%
|
Return of Capital (or other Capital Source)
|
-
|
0.0%
|
0.298
|
61.5%
|
Total Distribution
|
$ 0.110
|
100.0%
|
$ 0.485
|
100.0%
|
|
|
(1)
|
YTD January 12, 2016 to January 11, 2017. (The distribution paid on
January 11, 2016 was reportable for tax on Form 1099 in 2015)
|
The Fund estimates that it has distributed more than its income and net realized capital gains in the fiscal year to date;
therefore, a portion of the 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 shareholders 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.
May 31, 2016
|
|
Average Annual Total Return on NAV for the 5-year period ended this
month (2)
|
5.62%
|
Current Fiscal YTD Annualized Distribution Rate
(3)
|
10.00%
|
|
|
YTD Cumulative Total Return on NAV (4)
|
0.43%
|
YTD Cumulative Distribution Rate (5)
|
3.67%
|
|
|
(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 at month end.
|
(4)
|
YTD Cumulative Total Return on NAV is the percentage change in the Fund's
NAV from the first day of the year to this month end, including distributions paid and assuming reinvestment of those
distributions.
|
(5)
|
YTD Cumulative Distribution Rate is the dollar value of distributions from
the first day of the year to this month end as a percentage of the Fund's NAV at month end.
|
Section 19(a) notices are posted on the Fund's website at:
ZTR
19A Notices
The Zweig closed-end funds are 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.
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SOURCE The Zweig Total Return Fund, Inc.