Virtus Total Return Fund Authorizes Declaration of a Distribution
HARTFORD, Conn., Dec. 17, 2012
HARTFORD, Conn., Dec.17, 2012 /PRNewswire/ --Virtus Total Return Fund (NYSE:
DCA) announced that its dividend distribution for the fourth quarter of 2012
will be $0.050 per share, payable on January 9, 2013, to shareholders of
record on December 31, 2012.
(Logo: http://photos.prnewswire.com/prnh/20121031/NE03346LOGO )
The Fund intends to distribute the greater of $0.050 or all available net
investment income and net short and long term capital gains, in accordance
with requirements under the Internal Revenue Code of 1986, as amended. The
amount of any supplemental distribution over the $0.050 will be announced on
January 2, 2013.
Distributions may represent earnings from net investment income, excess gains
taxable as ordinary income or, if necessary, return of capital. In addition,
distributions may include net realized long-term capital gains as permitted by
the Investment Company Act of 1940. There is no guarantee that the funds will
realize capital gains in any given year. Distributions are subject to
re-characterization for tax purposes after the end of the fiscal year. All
shareholders with taxable accounts will receive written notification regarding
the components and tax treatment for distributions via Form 1099-DIV.
Distributions from the fund are generally subject to Federal income taxes.
The Virtus Total Return Fund is a diversified closed-end fund with an
objective of total return, consisting of both capital appreciation and current
income, as determined by the fund's investment adviser, Virtus Investment
Advisers, Inc. The fund has been managed since December 9, 2011 by Duff &
Phelps Investment Management Co. and Newfleet Asset Management, LLC., both
affiliated managers of Virtus Investment Partners.
For more information on the fund, contact shareholder services at (866)
270-7788, by email at firstname.lastname@example.org, or through the closed end
fund section on the web at www.virtus.com.
About Duff & Phelps Investment Management Co.
Duff & Phelps Investment Management is a leader in investing in real estate
investment trusts, infrastructure, and utility companies and in developing and
managing focused investment strategies for specialized clients, including
nuclear decommissioning trusts. For more information about Duff & Phelps,
About Newfleet Asset Management
Newfleet Asset Management provides comprehensive fixed income portfolio
management in multiple strategies. Newfleet Multi-Sector Strategies, which
manages assets in the Virtus Total Return Fund, leverages the knowledge and
skill of a team 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.
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. For more information visit
SOURCE Virtus Total Return Fund
Contact: Shareholder Services, +1-866-270-7788, email@example.com
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