Virtus Total Return Fund Inc. Discloses Sources of Distribution – Section 19 (a) Notice | New

HARTFORD, Connecticut., October 4, 2021 / PRNewswire / – Virtus Total Return Fund Inc. (NYSE: ZTR) previously announced the following monthly distribution on September 2, 2021:

Distribution amount

Date of departure

Registration Date

Payment date

$ 0.08

October 8, 2021

12 October 2021

October 19, 2021

Under its Managed Distribution Plan, the Fund will seek to maintain a constant level of distribution which can be paid in part or in full from net investment income and realized capital gains, or a combination of of these. Shareholders should however note that if the total of the net investment income and net realized capital gains of the Fund is less than the amount of the distribution level, the difference will be distributed from the assets of the Fund and will constitute a repayment of the Fund. shareholder’s capital. You should not draw any conclusions about the performance of the Fund’s investments from the amount of this distribution or the terms of the Managed Distribution Plan of the Fund.

The Fund considers that it has distributed more than its income and capital gains; therefore, part of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money you have invested in the Fund is returned to you. A return of capital distribution does not necessarily reflect the investment performance of the Fund and should not be confused with “return” or “income”.

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

Distribution estimates

September 2021 (MTD)

Cumulative fiscal year (YTD)(1)

(Sources)

Per share

Rising

Percentage

current

Distribution

Per share

Rising

Percentage

current

Distribution

Net investment income

$ 0.020

25.1%

$ 0.193

24.1%

Short-term net realized capital gains

0.0%

0.0%

Long-term net realized capital gains

0.0%

0.0%

Repayment of capital (or other source of capital)

0.060

74.9%

0.607

75.9%

Total distribution

$ 0.080

100.0%

$ 0.800

100.0%

(1)

The fiscal year began on December 1, 2020.

Information regarding the performance of the Fund and the distribution rates are presented below. Please note that all performance figures are based on the net asset value of the Fund and not on the market price of shares in the Fund. Performance figures are not meant to represent the performance of individual shareholders.

September 30, 2021

Average annual total return on net asset value for the 5-year period (2)

6.39%

Annualized payout rate for the current year (3)

10.63%

Total cumulative return on net asset value since the current year (4)

5.82%

Cumulated payout rate for the current financial year (5)

8.86%

(2)

The average annual total return on net asset value is the compound annual return for the five-year period. It reflects the change in the net asset value of the Fund and the reinvestment of all distributions.

(3)

The current year annualized payout rate is the current annualized payout rate as a percentage of the Fund’s net asset value at the end of the month.

(4)

The cumulative total return on the net asset value for the current year is the percentage change in the net asset value of the Fund between the first day of the year and the end of the month, including distributions paid and assuming reinvestment. of these distributions.

(5)

The cumulative distribution rate for the year is the dollar value of distributions from the first day of the year to the end of the month as a percentage of the net asset value of the Fund at the end of the month.

The amounts and sources of distributions shown in this notice are estimates only and are not provided for tax reporting purposes. The actual amounts and sources of distributions for tax purposes will depend on the Fund’s investment experience during the remainder of its financial year and may be subject to change depending on tax regulations. The Fund or your dealer will send you a Form 1099-DIV for the calendar year which will tell you the distributions to be declared 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 the secondary objective. Virtus Investment Advisers, Inc. acted as the investment advisor, and Duff & Phelps Investment Management Co. and Newfleet Asset Management, LLC have been sub-advisers of the Fund since December 9, 2011. Front performance and characteristics December 9, 2011 were achieved by the previous advisor using a different investment strategy.

For more information about the Fund, contact Shareholder Services at (866) 270-7788, by email at [email protected], or through the closed-end funds section of www.virtus.com.

Risks of the Fund

An investment in a fund is subject to risks, including the risk of possible loss of capital. A fund’s shares may be worth less when sold than what an investor paid for them. Closed-end fund shares may trade at a premium or a discount to their net asset value. For more information on the investment objective and risks of each Fund, please consult the Fund’s annual report. A copy of the Fund’s most recent annual report can be obtained free of charge by contacting “Shareholder Services” as indicated at the bottom of this press release.

About Duff & Phelps Investment Management Co.

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

About Newfleet Asset Management

Newfleet asset management, an affiliate manager of Virtus Investment Partners, offers comprehensive portfolio management of fixed income securities in multiple strategies. Newfleet’s multi-sector strategy team that manages the Virtus Total Return Fund Inc. draws on the knowledge and skills of investment professionals with expertise in all sectors of the bond market, including evolving sectors, specialized and disadvantaged. The team uses active sector rotation and disciplined risk management for portfolio construction, avoiding bets on interest rates and remaining neutral in terms of duration against 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 uniquely committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and selected sub-advisors, each with a distinct investment style, stand-alone investment process and individual brand. For more information visit www.virtus.com.

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SOURCE Virtus Total Return Fund Inc.


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