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SOURCE: Zweig Total Return Fund
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August 01, 2008 09:31 ET
The Zweig Total Return Fund, Inc. Declares Distribution
NEW YORK, NY--(Marketwire - August 1, 2008) - The Zweig Total Return Fund, Inc. (NYSE: ZTR)
announced that its current monthly distribution will be $0.038 per share,
payable on August 25, 2008, to shareholders of record on August 11, 2008
(ex-date August 07, 2008).
The distribution represents a cash yield of 10% on an annualized basis.
Distributions may represent earnings from net investment income, capital
gains, excess gains taxable as ordinary income or, if necessary, return of
capital. The tax status of the Fund's distributions is determined at the
end of the taxable year.
The Zweig Total Return Fund, Inc. is a closed-end fund with an investment
objective to seek the highest total return, consisting of capital
appreciation and current income, consistent with the preservation of
capital. The Zweig closed-end funds are advised by Phoenix/Zweig Advisers
LLC. Information on the Zweig funds is available at
http://www.PhoenixFunds.com.