Virtus Total Return Fund Inc. Discloses Sources of Distribution – Section 19(a) Notice
Distribution Announcement: Virtus Total Return Fund Inc. has declared a monthly distribution of $0.05 per share, payable on December 30, 2024, with a significant portion expected to be a return of capital rather than income or gains.
Fund Performance Overview: The fund's average annual total return over the past five years is 5.25%, with an annualized current distribution rate of 8.57% and a fiscal year-to-date cumulative total return of 24.24%.
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Virtus Total Return Fund (ZTR) Announces Monthly Distribution of $0.05
- Distribution Announcement: Virtus Total Return Fund Inc. has announced a monthly distribution of $0.05 per share payable on December 11, 2025, demonstrating its ability to maintain consistent distributions under its Managed Distribution Plan, although part of this may come from capital return.
- Income Source Analysis: For the fiscal year 2025, 36.9% of the distribution comes from net investment income while 63.1% is from capital return, indicating a reliance on capital return for distributions, which may affect investor confidence in long-term returns.
- Annual Return Rate: As of November 28, 2025, the fund's average annual total return over five years stands at 7.31%, with an annualized current distribution rate of 8.30%, reflecting a balance between capital appreciation and income distribution.
- Risk Warning: Investors should note that the fund's distributions do not necessarily reflect its investment performance and may face risks of capital loss, especially during market volatility, where the trading price of the fund may be less than its net asset value.
Virtus Total Return Fund Acquires 10% of Shares for $6.9874 Each
- Share Buyback Completed: Virtus Total Return Fund successfully repurchased 5,554,844 shares, representing 10% of its outstanding shares, indicating the company's confidence in its value while enhancing earnings per share.
- Investor Response Strong: A total of 14,916,518 shares were properly tendered, reflecting strong support from investors for the buyback plan, with approximately 37.25% of shares accepted on a prorated basis, enhancing shareholder engagement.
- Buyback Price Set: The purchase price for accepted shares is $6.9874 each, approximately 98% of the fund's net asset value, a pricing strategy aimed at attracting more shareholder participation while maintaining market stability for the fund.
- Fund Background Overview: Virtus Total Return Fund is a diversified closed-end fund focused on capital appreciation, with income as a secondary objective, demonstrating its robust positioning and investment strategy in the market.
Virtus Total Return Fund Inc. Unveils Second Conditional Tender Offer
Tender Offer Announcement: Virtus Total Return Fund Inc. has triggered its second conditional tender offer to acquire 10% of its outstanding shares due to an average trading discount exceeding 10% during the specified measurement period.
Tender Offer Details: The tender offer is expected to commence on November 3, 2025, and will allow shareholders to sell shares at 98% of the net asset value, with further details to be provided in the Fund's offering materials.
Virtus Total Return Fund to Initiate Second Conditional Tender Offer
Tender Offer Announcement: Virtus Total Return Fund (ZTR) plans to initiate its second conditional tender offer to repurchase up to 10% of its outstanding shares due to shares trading at an average discount of 11.41% to net asset value.
Offer Details: The tender offer is set to begin around November 3, 2025, and will expire around December 3, 2025, with shares repurchased for cash at 98% of net asset value, net of related expenses.
The Last Cheap Dividend Stocks Yield Up to 9.7%
Discounted Closed-End Funds (CEFs): The article discusses the potential of investing in discounted closed-end funds, which can offer high yields and trade below fair value, making them appealing for contrarian investors. Examples include Nuveen Dow 30 Dynamic Overwrite Fund and Neuberger Berman Next Generation Connectivity Fund, both providing attractive distribution rates.
Investment Strategies and Performance: Various CEFs are highlighted for their unique investment strategies, such as covered calls and thematic focuses on technology and connectivity. While some funds like Royce Micro-Cap Trust have shown consistent outperformance, others like Virtus Total Return Fund face challenges in comparison to benchmarks, emphasizing the importance of selecting the right funds for income generation.
Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
Annual Meeting Results: The Virtus funds held a joint annual meeting on June 2, 2025, where shareholder voting results showed strong support for various board members across multiple funds, with most receiving over 90% approval.
About the Funds: Virtus Investment Advisers manages several closed-end funds focused on generating income through diversified strategies in various asset classes, while highlighting the risks associated with investing in these funds.
Virtus Total Return Fund (ZTR) Announces Monthly Distribution of $0.05
- Distribution Announcement: Virtus Total Return Fund Inc. has announced a monthly distribution of $0.05 per share payable on December 11, 2025, demonstrating its ability to maintain consistent distributions under its Managed Distribution Plan, although part of this may come from capital return.
- Income Source Analysis: For the fiscal year 2025, 36.9% of the distribution comes from net investment income while 63.1% is from capital return, indicating a reliance on capital return for distributions, which may affect investor confidence in long-term returns.
- Annual Return Rate: As of November 28, 2025, the fund's average annual total return over five years stands at 7.31%, with an annualized current distribution rate of 8.30%, reflecting a balance between capital appreciation and income distribution.
- Risk Warning: Investors should note that the fund's distributions do not necessarily reflect its investment performance and may face risks of capital loss, especially during market volatility, where the trading price of the fund may be less than its net asset value.
Virtus Total Return Fund Acquires 10% of Shares for $6.9874 Each
- Share Buyback Completed: Virtus Total Return Fund successfully repurchased 5,554,844 shares, representing 10% of its outstanding shares, indicating the company's confidence in its value while enhancing earnings per share.
- Investor Response Strong: A total of 14,916,518 shares were properly tendered, reflecting strong support from investors for the buyback plan, with approximately 37.25% of shares accepted on a prorated basis, enhancing shareholder engagement.
- Buyback Price Set: The purchase price for accepted shares is $6.9874 each, approximately 98% of the fund's net asset value, a pricing strategy aimed at attracting more shareholder participation while maintaining market stability for the fund.
- Fund Background Overview: Virtus Total Return Fund is a diversified closed-end fund focused on capital appreciation, with income as a secondary objective, demonstrating its robust positioning and investment strategy in the market.
Virtus Total Return Fund Inc. Unveils Second Conditional Tender Offer
Tender Offer Announcement: Virtus Total Return Fund Inc. has triggered its second conditional tender offer to acquire 10% of its outstanding shares due to an average trading discount exceeding 10% during the specified measurement period.
Tender Offer Details: The tender offer is expected to commence on November 3, 2025, and will allow shareholders to sell shares at 98% of the net asset value, with further details to be provided in the Fund's offering materials.
Virtus Total Return Fund to Initiate Second Conditional Tender Offer
Tender Offer Announcement: Virtus Total Return Fund (ZTR) plans to initiate its second conditional tender offer to repurchase up to 10% of its outstanding shares due to shares trading at an average discount of 11.41% to net asset value.
Offer Details: The tender offer is set to begin around November 3, 2025, and will expire around December 3, 2025, with shares repurchased for cash at 98% of net asset value, net of related expenses.
The Last Cheap Dividend Stocks Yield Up to 9.7%
Discounted Closed-End Funds (CEFs): The article discusses the potential of investing in discounted closed-end funds, which can offer high yields and trade below fair value, making them appealing for contrarian investors. Examples include Nuveen Dow 30 Dynamic Overwrite Fund and Neuberger Berman Next Generation Connectivity Fund, both providing attractive distribution rates.
Investment Strategies and Performance: Various CEFs are highlighted for their unique investment strategies, such as covered calls and thematic focuses on technology and connectivity. While some funds like Royce Micro-Cap Trust have shown consistent outperformance, others like Virtus Total Return Fund face challenges in comparison to benchmarks, emphasizing the importance of selecting the right funds for income generation.
Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
Annual Meeting Results: The Virtus funds held a joint annual meeting on June 2, 2025, where shareholder voting results showed strong support for various board members across multiple funds, with most receiving over 90% approval.
About the Funds: Virtus Investment Advisers manages several closed-end funds focused on generating income through diversified strategies in various asset classes, while highlighting the risks associated with investing in these funds.
