This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Zweig Fund And Zweig Total Return Fund Announce Results Of Joint Annual Meeting Of Shareholders

Stocks in this article: ZF ZTR

NEW YORK, May 18, 2012 /PRNewswire/ -- The Boards of Directors of The Zweig Fund, Inc. (NYSE: ZF) and The Zweig Total Return Fund, Inc. (NYSE: ZTR) announced the results of the joint annual meeting of shareholders that was held on May 15:

  • 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."

The Zweig Total Return Fund shareholder meeting was adjourned until 10 a.m., June 12, 2012, solely for Proposal 2B, which would reclassify the fund's investment objectives as "non-fundamental," and Proposal 4, which would amend the investment advisory agreement with Zweig Advisers.

About the Funds The Zweig Fund, Inc. (NYSE: ZF) is a closed-end fund with an investment objective of capital appreciation, with income as a secondary objective.   The Zweig Total Return Fund, Inc. (NYSE: ZTR) is a closed-end fund with an investment objective of seeking total return, consisting of capital appreciation and income.  Both funds are advised by Zweig Advisers LLC.  For more information on the funds, please contact Shareholder Services at 800.272.2700, by email at zweig@virtus.com, or on the web at virtus.com.

SOURCE The Zweig Fund, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs