Welcome to our dedicated page for Virtus Total Return Fund news (Ticker: ZTR), a resource for investors and traders seeking the latest updates and insights on Virtus Total Return Fund stock.
Virtus Total Return Fund Inc. (NYSE: ZTR) is a diversified closed-end management investment company with an investment objective of capital appreciation, and income as a secondary objective. The fund indicates that it pursues these objectives through a balance of equity and fixed income investments, and its shares trade on the New York Stock Exchange, where they may trade at a premium or discount to net asset value (NAV).
This news page highlights the fund’s recurring disclosures about monthly distributions, Section 19(a) notices, and tender offer activity. Regular press releases detail announced distribution amounts, ex-dates, payable dates, and estimated sources of each distribution, including net investment income, net realized short-term and long-term capital gains, and return of capital. The fund also publishes information on performance and distribution rates based on NAV, such as average annual total return on NAV and fiscal year-to-date cumulative total return and distribution rates.
In addition to distribution-related updates, Virtus Total Return Fund Inc. issues announcements regarding tender offers to repurchase a portion of its outstanding shares. These releases describe the terms of each offer, including the percentage of shares subject to repurchase, the pricing formula based on a percentage of NAV, and whether the offer was oversubscribed, leading to prorated acceptance of tendered shares. The fund has also discussed conditional tender offers that may be triggered when its average trading discount to NAV exceeds a specified threshold over a measurement period.
Investors and observers can use this news stream to follow how the fund manages distributions under its Managed Distribution Plan, how it addresses trading discounts through tender offers, and how its reported performance metrics based on NAV evolve over time.
Virtus Total Return Fund Inc. (NYSE: ZTR) has declared monthly distributions of $0.08 for June, July, August, and September 2021. The distributions will be paid from net investment income and realized capital gains, but shareholders should note that some amounts may return capital. The fund indicates historical distribution amounts exceed its income and capital gains, resulting in return of capital. The estimated sources of the distributions for April 2021 show 99.2% from return of capital and only 0.8% from net investment income. The fund's performance metrics include an average annual total return of 8.66% over five years.
On May 19, 2021, Virtus Global Multi-Sector Income Fund (NYSE: VGI) and Virtus Total Return Fund Inc. (NYSE: ZTR) held a joint annual meeting resulting in the reelection of their trustees and directors. At VGI, George R. Aylward, Connie D. McDaniel, and Philip R. McLoughlin were confirmed, receiving 97%, 94%, and 94% of votes respectively. For ZTR, Donald C. Burke, Sidney E. Harris, and James M. Oates were reelected, each garnering around 96% support. These elections ensure continuity in leadership for both funds, potentially stabilizing shareholder confidence.
On May 4, 2021, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share, payable on May 20, 2021. The distribution's ex-date is May 12, 2021, and the record date is May 13, 2021. Under its Managed Distribution Plan, the fund may pay distributions partially from net investment income and realized capital gains, with potential returns from the fund's assets if income falls short. The fund estimates over-distribution from its capital, potentially impacting shareholders' capital. The current fiscal YTD annualized distribution rate stands at 10.07%.
Virtus Total Return Fund Inc. (NYSE: ZTR) has announced a monthly distribution of $0.08 for April 2021. The ex-date is set for April 9, 2021, with a record date of April 12, 2021, and payments scheduled for April 19, 2021. The fund operates under a Managed Distribution Plan, which may result in some distributions being a return of capital. For March 2021, 27.4% of the distribution comes from net investment income, while 72.6% is classified as a return of capital. Shareholders are advised not to draw conclusions about the fund's performance from this distribution.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions of $0.08 for April and May 2021. The distributions will be paid from net investment income, realized capital gains, or Fund assets, with potential return of capital. In February 2021, 29% of the distribution came from net investment income, while 71% was a return of capital. The Fund's average annual total return on NAV for the last five years is 8.87%, but the fiscal year-to-date cumulative total return is -2.31%. Current fiscal YTD annualized distribution rate stands at 10.85%.
On February 2, 2021, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08, with an ex-date of February 10 and payable date of February 19, 2021. Under its Managed Distribution Plan, distributions may be sourced from net investment income, realized capital gains, or from the Fund's assets, which could indicate a return of capital to shareholders. The Fund reported that approximately 84.6% of the January 2021 distribution was from return of capital, highlighting reliance on capital rather than income generation.
On January 4, 2021, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share. The distribution is set for payment on January 11, 2021, following a record date of December 31, 2020, and an ex-date of January 6, 2021. Under its Managed Distribution Plan, the fund aims to maintain a constant distribution level, which may include returns of shareholder capital if net investment income falls short. The fund's December 2020 distribution was comprised of 34.1% net investment income and 65.9% return of capital.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share on December 10, 2020. The fund aims to maintain steady distributions, potentially funded partially by net investment income and capital gains. Shareholders should be aware that if the fund's income and gains are insufficient, the shortfall will be sourced from its assets, representing a return of capital. As of November 2020, approximately 58.6% of the distribution is anticipated to be a return of capital, reflecting a potential decrease in actual investment performance.
Virtus Total Return Fund (NYSE: ZTR) announced a monthly distribution of $0.08 per share for December 2020 through March 2021. The ex-dates range from December 10, 2020, to March 10, 2021, with corresponding payable dates for each distribution. The fund aims to distribute the greater of this amount or available net income and capital gains, adhering to IRS guidelines. Notably, a significant portion of distributions may be a return of capital, indicating the fund has distributed more than its net investment income, which could affect shareholders' capital.
Virtus Total Return Fund Inc. (NYSE: ZTR) has announced a monthly distribution of $0.08 per share, with important dates including the ex-dividend date on November 10, 2020, record date on November 12, 2020, and payable date on November 19, 2020.
Under its Managed Distribution Plan, the Fund may distribute from net investment income and realized capital gains. Notably, a portion of this distribution may be considered a return of capital, as estimated distributions indicate the Fund has distributed more than its earned income.