SOURCE: The Zweig Fund, Inc.

The Zweig Fund, Inc.

March 15, 2010 11:10 ET

The Zweig Fund, Inc. Declares Distribution

NEW YORK, NY--(Marketwire - March 15, 2010) - The Zweig Fund, Inc. (NYSE: ZF) announced that its first quarterly distribution for 2010 will be $0.096 per share, payable on April 26, 2010, to shareholders of record on April 08, 2010 (ex-date April 06, 2010).

The distribution represents a cash dividend 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 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.

Contact Information

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

    Patricia Baronowski
    The Altman Group
    (212) 400-2604