- Directors Charles H. Brunie and James B. Rogers, Jr. were re-elected to three-year terms for each board;
- Shareholders approved changes to each fund's investment objective, and approved classifying the investment objective of the Zweig Fund as "non-fundamental;"
- Shareholders approved proposals to update the funds' fundamental restrictions in order to be more consistent with common practices of other closed-end funds and to provide the funds' investment adviser with more flexibility to respond to a changing investment environment; and
- Zweig Fund shareholders approved an amendment to the investment advisory agreement with Zweig Advisers that defines the assets on which fees are paid to include "all assets" managed for the fund by the adviser, rather than "net assets."
Zweig Fund And Zweig Total Return Fund Announce Results Of Joint Annual Meeting Of Shareholders
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