SOURCE: Zweig Fund

December 15, 2008 09:58 ET

The Zweig Fund, Inc. Authorizes Declaration of a Distribution

NEW YORK, NY--(Marketwire - December 15, 2008) - The Zweig Fund, Inc. (NYSE: ZF) announced that its board of directors declared a distribution payable on January 12, 2009 to stockholders of record on December 31, 2008 (ex date: January 5, 2009).

The Zweig Fund intends to distribute the greater of 2.50% of its net asset value on December 31, 2008 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 2, 2009.

The Zweig Fund, Inc. is a closed-end fund with an objective of increasing capital primarily through investment in equity securities consistent with the preservation of capital and reduction of risk as determined by the fund's investment adviser. 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.

Contact Information

  • For Further Information:
    Zweig Funds Shareholder Services
    (800) 272-2700

    Patricia Baronowski
    The Altman Group
    (212) 400-2604