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. reports recurring closed-end fund developments for its NYSE-listed shares, including monthly distribution announcements, Section 19(a) notices, distribution-source estimates, and NAV-based performance and distribution-rate information. The fund is a diversified closed-end management investment company with an objective of capital appreciation and income as a secondary objective.
News about ZTR also covers fund capital actions such as tender offers. Virtus Investment Advisers, LLC serves as investment adviser, with Duff & Phelps Investment Management Co. and Newfleet Asset Management named as subadvisers to the fund.
On October 5, 2020, Virtus Total Return Fund (NYSE: ZTR) announced a monthly distribution of $0.08 per share. The ex-dividend date is October 9, with the record date on October 13 and payment on October 20. Under its Managed Distribution Plan, the Fund may pay distributions from net investment income and realized capital gains; however, if these are insufficient, it may draw from its assets, which could result in a return of capital. In September 2020, 33.2% of the distribution came from net investment income, while 66.8% was a return of capital. The Fund has a fiscal YTD cumulative distribution rate of 11.37%.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 with an ex-date of September 10, 2020, record date September 11, and payable date September 18. The distribution may comprise net investment income, realized capital gains, and a return of capital. Notably, 73.3% of the August distribution comes from return of capital. For the fiscal year-to-date, the cumulative total return on NAV is -2.88%, while the annualized distribution rate stands at 10.64%. The Fund's performance figures are based on NAV, not market price.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions of $0.08 on August 28, 2020. The distributions are scheduled for October 20 and November 19, 2020. The fund's Managed Distribution Plan aims to maintain consistent levels, potentially funded by net investment income, capital gains, or fund assets, which may lead to a return of capital to shareholders. The fund estimated a return of capital comprising 70.8% of the July distribution, with a fiscal year-to-date cumulative total return on NAV at -3.93% and an annualized distribution rate of 10.65%.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share. The distribution will be payable on August 20, 2020, with an ex-date of August 12 and a record date of August 13. Under its Managed Distribution Plan, the fund distributes amounts sourced from net investment income, realized capital gains, or shareholder capital. Notably, a portion of the distribution may include a return of capital, implying the fund has distributed more than its income and gains, and does not reflect investment performance.
On July 6, 2020, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 payable on July 20, 2020. The distribution plan aims to maintain consistent levels, which may include net investment income and realized capital gains. However, if the fund's earnings are insufficient, the shortfall will be covered by the fund's assets, resulting in a return of capital to shareholders. The current fiscal year-to-date annualized distribution rate stands at 11.14%, indicating the importance of understanding the nature of these distributions.