HARTFORD, Conn., Dec. 19, 2016 /PRNewswire/ -- Virtus Total
Return Fund (NYSE: DCA) recently announced that its board of directors declared a distribution payable January 10, 2017 to shareholders of record on December 30, 2016 (ex-date
January 5, 2017).
The fund intends to distribute the greater of $0.10 per share or all available net investment
income and net short and long term capital gains, in accordance with requirements under the Internal Revenue Code of 1986, as
amended. The amount of any supplemental distribution over the $0.10 per share, if any, will be
announced on January 3, 2017.
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, including nuclear
decommissioning trusts. 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 Total Return Fund