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.
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Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share, with an ex-date of April 12, 2023, record date April 13, 2023, and payable date April 25, 2023. Under its Managed Distribution Plan, the fund aims to maintain consistent distribution levels funded through net investment income, realized capital gains, or fund assets. Shareholders should understand that if the income and gains are insufficient, distribution amounts may include a return of capital, which does not reflect the fund's investment performance. As of March 2023, the fund's average annual total return on NAV over the past five years is 5.05%, while the annualized current distribution rate stands at 13.58%. The fiscal year-to-date cumulative total return is -1.32%, and cumulative distribution rate is 4.53%.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share, effective from March 23, 2023. The ex-date is March 10, 2023, and the record date is March 13, 2023. Under its Managed Distribution Plan, the Fund aims to sustain a stable distribution level, which may be funded from net investment income and realized capital gains or from the Fund's assets, potentially resulting in a return of capital. Notably, a significant portion of distributions may constitute a return of capital, indicating that the Fund has distributed more than its earnings year-to-date. This practice should not be seen as a reflection of the Fund's performance.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced its monthly distributions of $0.08 per share for March, April, and May 2023. The ex-dates are March 10, April 12, and May 10, 2023, with payable dates on March 23, April 25, and May 23, 2023, respectively. Under its Managed Distribution Plan, the Fund aims for consistent distribution levels, which may include net investment income and realized capital gains, but may include returns of capital if income and gains are insufficient. The Fund estimates that it has distributed more than its income and gains, indicating potential returns of capital for shareholders.
On February 3, 2023, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share. Key dates include an ex-date of February 10, record date of February 13, and payable date of February 24. According to the Fund’s Managed Distribution Plan, if net investment income and realized capital gains are insufficient, funds may be paid from shareholder capital, which could indicate a return of capital. The Fund reported that 82% of January's distribution was a return of capital. Additionally, the average annual total return on NAV over the past five years was 3.56%, with a current distribution rate of 12.90%.
On February 3, 2023, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a $0.08 monthly distribution under its Managed Distribution Plan, with an ex-date of February 10, a record date of February 13, and a payable date of February 24. The Fund notes that the distribution may include a return of capital if net investment income and realized capital gains are insufficient. In January 2023, net investment income was estimated at $0, while 82% of the distribution stemmed from a return of capital. The Fund's average annual total return on NAV over five years is 3.56%, with a current distribution rate of 12.90%.
On December 6, 2022, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08, payable on December 19, 2022. The fund's Managed Distribution Plan aims to maintain consistent distribution levels, potentially funded from net investment income and realized capital gains. However, recent estimates indicate that distributions may exceed actual net income, suggesting a return of capital could be involved.
The fund reported a 12.77% annualized current distribution rate with a fiscal year-to-date cumulative total return on NAV of -1.45%.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions of $0.08 for December 2022, January 2023, and February 2023. The fund operates under a Managed Distribution Plan, potentially distributing amounts from net investment income, capital gains, or Fund assets. Notably, the Fund has indicated distributions may include a return of capital, implying that some returns may not reflect investment performance. For October 2022, the average annual total return on NAV over five years stood at 0.91%, with a fiscal year-to-date annualized distribution rate of 13.81%.
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