Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Virtus Total Return Fund Inc.    ZTR

VIRTUS TOTAL RETURN FUND INC.

(ZTR)
  Report
SummaryQuotesChartsNewsCompanyFinancialsConsensus 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Virtus Total Return Fund : December 2, 2020

12/02/2020 | 05:33pm EST

News Release

Virtus Total Return Fund Inc.

Discloses Sources of Distribution - Section 19(a) Notice

HARTFORD, CT, December 2, 2020 -- Virtus Total Return Fund Inc. (NYSE: ZTR) previously announced the following monthly distribution on November 19, 2020:

Amount of Distribution

Ex-Date

Record Date

Payable Date

$0.08

December 10, 2020

December 11, 2020

December 18, 2020

Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the shareholder's capital. You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan.

The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.

The Fund provided this estimate of the sources of the distributions:

Distribution Estimates

November 2020 (MTD)

Fiscal Year-to-Date

(YTD)(1)

(Sources)

Per Share Amount

Percentage of Current Distribution

Per Share Amount

Percentage of Current Distribution

Net Investment Income

$

0.026

32.8%

$

0.252

21.8%

Net Realized Short-Term Capital Gains

-

0.0%

-

0.0%

Net Realized Long-Term Capital Gains

0.007

8.6%

0.007

0.6%

Return of Capital (or other Capital Source)

0.047

58.6%

0.899

77.6%

Total Distribution

$

0.080

100.0%

$

1.158

100.0%

(1) Fiscal year started December 1, 2019.

Information regarding the Fund's performance and distribution rates is set forth below. Please note that all performance figures are based on the Fund's NAV and not the market price of the Fund's shares. Performance figures are not meant to represent individual shareholder performance.

November 30, 2020

Average Annual Total Return on NAV for the 5-year period (2)

8.52%

Current Fiscal YTD Annualized Distribution Rate (3)

10.31%

Fiscal YTD Cumulative Total Return on NAV (4)

3.25%

Fiscal YTD Cumulative Distribution Rate (5)

12.44%

  • (2) Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the Fund's NAV and reinvestment of all distributions.

  • (3) Current Fiscal YTD Annualized Distribution Rate is the current distribution rate annualized as a percentage of the Fund's NAV at month end.

  • (4) Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund's NAV from the first day of the fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions.

  • (5) Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to this month end as a percentage of the Fund's NAV at month end.

The amounts and sources of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax purposes will depend on the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.

About the Fund

Virtus Total Return Fund Inc. is a diversified closed-end fund whose investment objective is capital appreciation, with income as a secondary objective. Virtus Investment Advisers, Inc. has been the investment adviser, and Duff & Phelps Investment Management Co. and Newfleet Asset Management, LLC have been subadvisers to the Fund since December 9, 2011. Performance and characteristics prior to December 9, 2011 were attained by the previous adviser using a different investment strategy.

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 of www.virtus.com.

Fund Risks

An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about each Fund's investment objective and risks, please see the Fund's annual report. A copy of the Fund's most recent annual report may be obtained free of charge by contacting "Shareholder Services" as set forth at the bottom of this press release.

About Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. has more than 35 years of experience managing investment portfolios, including institutional separate accounts and open- and closed-end funds investing in utilities, master limited partnerships (MLPs), infrastructure and real estate investment trusts (REITs). For more information, visit www.dpimc.com.

About Newfleet Asset Management

Newfleet Asset Management, an affiliated manager of Virtus Investment Partners, provides comprehensive fixed income portfolio management in multiple strategies. The Newfleet Multi-Sector Strategies team that manages the Virtus Total Return Fund Inc. leverages the knowledge and skill 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. For more information, visit www.newfleet.com.

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. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. For more information, visit www.virtus.com.

# # #

For Further Information:

Shareholder Services (866) 270-7788 closedendfunds@virtus.com

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Virtus Total Return Fund Inc. published this content on 02 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2020 22:32:08 UTC


© Publicnow 2020
All news about VIRTUS TOTAL RETURN FUND INC.
01/04VIRTUS TOTAL RETURN FUND : January 4, 2021
PU
01/04VIRTUS TOTAL RETURN FUND INC. : Discloses Sources of Distribution - Section 19(a..
PR
2020VIRTUS TOTAL RETURN FUND : December 2, 2020
PU
2020VIRTUS TOTAL RETURN FUND INC. : Discloses Sources of Distribution - Section 19(a..
PR
2020VIRTUS TOTAL RETURN FUND : Declares Distribution
PR
2020VIRTUS TOTAL RETURN FUND INC. : Discloses Sources of Distribution - Section 19(a..
PR
2020VIRTUS TOTAL RETURN FUND INC. : Discloses Sources of Distribution - Section 19(a..
PR
2020VIRTUS TOTAL RETURN FUND INC. : Discloses Sources of Distribution - Section 19(a..
PR
2020VIRTUS TOTAL RETURN FUND : Declares Distribution
PR
2020VIRTUS TOTAL RETURN FUND INC. : Discloses Sources of Distribution - Section 19(a..
PR
More news
Financials (USD)
Sales 2019 12,6 M - -
Net income 2019 33,3 M - -
Net Debt 2019 178 M - -
P/E ratio 2019 15,6x
Yield 2019 12,3%
Capitalization 413 M 413 M -
EV / Sales 2018 21,1x
EV / Sales 2019 54,4x
Nbr of Employees -
Free-Float 100,0%
Chart VIRTUS TOTAL RETURN FUND INC.
Duration : Period :
Virtus Total Return Fund Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VIRTUS TOTAL RETURN FUND INC.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price
Last Close Price 8,72 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
Managers and Directors
NameTitle
George Robert Aylward President, Chief Executive Officer & Director
Philip R. McLoughlin Chairman
William Patrick Bradley Chief Financial Officer, Treasurer & Executive VP
James Beeland Rogers Independent Director
James Maclay Oates Independent Director