Virtus Total Return Fund Inc. Stock Price, News & Analysis

Virtus Total Return Fund Inc. (NYSE: ZTR) has completed a non-transferable rights offering, issuing 20.3 million shares of common stock. The total net proceeds, approximately $140.6 million after expenses, will be invested across the Fund's equity portfolio. The shares were priced at $6.96, 95% of the average market price as of September 16, 2022. The Fund intends to capitalize on investment opportunities in global infrastructure, aiming for capital appreciation and income while offering a defensive strategy during market volatility.

On September 19, 2022, Virtus Total Return Fund Inc. (NYSE: ZTR) announced the completion of its non-transferable rights offering, which expired on September 16, 2022. The subscription price was set at $6.96 per share, reflecting a discount to the net asset value of $7.88 and the average share price of $7.33. Shareholders could acquire one share for every three held, with approximately 20.3 million shares requested, surpassing the 16.5 million shares available. Confirmation of subscriptions and net proceeds is expected on September 21, 2022.

Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions of $0.08 per share for September, October, and November 2022. The fund's Managed Distribution Plan aims to consistently provide distributions, which may include returns of capital if income and capital gains are insufficient. The August 2022 distribution breakdown shows just 4.3% from net investment income, with 95.7% from long-term capital gains. The fund's current fiscal year-to-date annualized distribution rate is 11.82%, while cumulative total return on NAV is -1.04%.

Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 on August 3, 2022, with an ex-date of August 10, a record date of August 11, and a payable date of August 18. Under its Managed Distribution Plan, the Fund aims for consistent distributions, partially funded by net investment income and capital gains. Notably, a portion of this distribution may stem from a return of capital, indicating that investors may receive part of their initial investment back rather than profits. Key metrics include a current fiscal year-to-date distribution rate of 11.33%.

On August 1, 2022, Virtus Total Return Fund (NYSE: ZTR) announced its rights offering registration statement was effective. Shareholders will receive non-transferable rights to acquire one share for every three held, with a maximum of 16,500,000 shares, potentially increasing to 20,625,000 shares. The subscription period runs from August 10 to September 16, 2022, with the share price at 95% of the lower of the fund's net asset value or the average sales price of the stock on the NYSE at expiration. Rights are non-transferable and not for trading on any market.

Virtus Total Return Fund (NYSE: ZTR) has set August 9, 2022 as the record date for its rights offering announced on March 3, 2022. Shareholders will receive non-transferable rights to acquire shares, with one share available for each three rights held. The subscription price will be 95% of the lower net asset value or the average sales price of the stock. The registration statement for this offering was amended on July 28, 2022 and awaits SEC effectiveness. This offering aims to enhance capital appreciation for shareholders.

Virtus Total Return Fund Inc. (ZTR) announced a distribution of $0.08 per share, payable on July 18, 2022. This distribution will partially come from net investment income and realized capital gains, along with a return of capital, as the fund estimates it has distributed more than its income and gains. The fund's current fiscal year-to-date annualized distribution rate stands at 12.03%, and its cumulative total return on NAV is at -4.67% for the fiscal year. Investors are advised that the distribution amount does not reflect the fund's investment performance.

Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share on May 25, 2022. The ex-date is June 10, 2022, with record and payable dates of June 13 and June 21, 2022, respectively. This distribution will partially stem from the fund's net investment income and realized capital gains, but may include a return of capital, as the fund has distributed more than its earnings. Key estimates include a net investment income of $0.024 per share, making up 29.8% of the current distribution.

Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions of $0.08 for June, July, and August 2022. According to its Managed Distribution Plan, distributions may partially come from net investment income and realized capital gains. Notably, the Fund estimates it has distributed more than its income, meaning a portion may be a return of capital. In April 2022, the average annual total return on NAV was 5.20%, with a fiscal year-to-date annualized distribution rate of 11.01%. Investors should note the risks of principal loss and that fund shares may trade below NAV.