NEW YORK, Dec. 19, 2011 /PRNewswire/ -- The Zweig Fund, Inc. (NYSE: ZF) announced that its board of directors declared a distribution payable on January 9, 2012 to stockholders of record on December 30, 2011 (ex date: January 4, 2012).
The Zweig Fund intends to distribute the greater of 2.50% of its net asset value on December 16, 2011 or all available net investment income and net short and long term capital gains, in accordance with requirements under the Internal Revenue Code. The amount of the distribution will be announced on January 3, 2012.
The Zweig Fund, Inc. is a closed-end fund with an objective of increasing capital primarily through investment in equity securities consistent with the preservation of capital and reduction of risk as determined by the fund's investment adviser. The Zweig closed-end funds are advised by Zweig Advisers LLC. For more information on the Fund, please contact shareholder services at 800.272.2700, by email at email@example.com, or visit us on the web at www.virtus.com.SOURCE The Zweig Total Return Fund, Inc.