December 21, 2009 11:21 ET

The Zweig Fund, Inc. Authorizes Declaration of a Distribution

NEW YORK, NY--(Marketwire - December 21, 2009) - The Zweig Fund, Inc. (NYSE: ZF) announced that its board of directors declared a distribution payable on January 11, 2010 to stockholders of record on December 31, 2009 (ex date: January 5, 2010).

The Zweig Fund intends to distribute the greater of 2.50% of its net asset value on December 18, 2009 or all available net investment income and net short and long term capital gains, in accordance with requirements under the Internal Revenue Code. The amount of the distribution will be announced on January 4, 2010.

The Zweig 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 Zweig Advisers LLC. For more information on the Fund, please contact shareholder services at 800.272.2700 or visit us on the web at www.virtus.com.