HARTFORD, Conn., March 14, 2017 /PRNewswire/ -- Virtus Total
Return Fund (NYSE: DCA) announced its quarterly dividend
distribution will be $0.10 per share,
payable on March 31, 2017, to
shareholders of record on March 24,
2017 (ex-date March 22,
2017).
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."
Distributions are subject to re-characterization for tax purposes
after the end of the fiscal year. All shareholders with taxable
accounts will receive written notification regarding the components
and tax treatment for distributions via Form 1099-DIV.
The Virtus Total Return Fund is a non-diversified closed-end
fund with an objective of total return, consisting of both capital
appreciation and current income. Virtus Investment Advisers, Inc.
has been investment adviser to the fund and Duff & Phelps
Investment Management Co. and Newfleet Asset Management, LLC, have
been subadvisers since December 9,
2011. Both the investment adviser and subadvisers are
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.
Fund Risks
An investment in a fund is subject to risk,
including the risk of possible loss of principal. A fund's shares
may be worth less upon their sale than what an investor paid for
them. Shares of closed-end funds may trade at a discount to their
net asset value. For more information about each fund's investment
objective and risks, please see the fund's annual report. A copy of
the fund's most recent annual report may be obtained free of charge
by contacting "Shareholder Services" as set forth at the end of
this press release.
About Duff & Phelps Investment Management Co.
Duff
& Phelps Investment Management is a leader in investing in real
estate investment trusts, infrastructure, MLPs, and utility
companies and in developing and managing focused investment
strategies for specialized clients. 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.
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SOURCE Virtus Total Return Fund