HARTFORD, Conn., May 22, 2014 /PRNewswire/ -- The Board of
Trustees of the Virtus Total Return Fund (NYSE: DCA), a diversified
closed-end fund, today announced that at its annual meeting of
shareholders held on May 20, Class II
Trustees William R. Moyer and
James M. Oates were re-elected to
terms of three years or until a successor has been duly elected and
qualified.
About the fund
The Virtus Total Return Fund is a
diversified closed-end fund with an objective of total return,
consisting of both capital appreciation and current income, as
determined by the fund's investment adviser, Virtus Investment
Advisers, Inc. The fund has been managed since December 9, 2011 by Duff & Phelps Investment
Management Co. and Newfleet Asset Management, LLC, both affiliated
managers of Virtus Investment Partners. For more information
on the fund, contact shareholder services at (866) 270-7788, by
email at closedendfunds@virtus.com, or through the closed end fund
section on the web at www.virtus.com.
About Duff & Phelps Investment Management Co.
Duff
& Phelps Investment Management is a leader in investing in real
estate investment trusts, infrastructure, and utility companies and
in developing and managing focused investment strategies for
specialized clients, including nuclear decommissioning trusts. For
more information about Duff & Phelps, visit www.dpimc.com.
About Newfleet Asset Management
Newfleet Asset
Management provides comprehensive fixed income portfolio management
in multiple strategies. Newfleet Multi-Sector Strategies, which
manages assets in the Virtus Total Return Fund, leverages the
knowledge and skill of a team of investment professionals with
expertise in every sector of the bond market, including evolving,
specialized, and out-of-favor sectors. The team employs active
sector rotation and disciplined risk management to portfolio
construction, avoiding interest rate bets and remaining duration
neutral to each strategy's stated benchmark.
About Virtus Investment Partners
Virtus Investment
Partners (NASDAQ: VRTS) is a distinctive partnership of boutique
investment managers singularly committed to the long-term success
of individual and institutional investors. For more information
visit www.virtus.com.
An investment in the fund is subject to risk and the fund's
shares may be worth less than what an investor paid for them when
they are sold. Distributions may represent earnings from net
investment income, excess gains taxable as ordinary income or, if
necessary, return of capital. Any portion of the fund's
distributions that is a return of capital does not necessarily
reflect the fund's investment performance and should not be
confused with "yield" or "income." The tax status of the fund's
distributions is determined at the end of the taxable year. The
options strategy may not be successful in its objective of limiting
the risk of loss and could result in increased losses for
investors.
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SOURCE Virtus Total Return Fund