SOURCE: Zweig Fund

March 17, 2008 10:14 ET

The Zweig Fund, Inc. Declares Distribution

NEW YORK, NY--(Marketwire - March 17, 2008) - The Zweig Fund, Inc. (NYSE: ZF) announced that its first quarterly distribution for 2008 will be $0.126 per share, payable on April 28, 2008, to shareholders of record on April 9, 2008 (ex-date April 7, 2008).

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 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 Phoenix/Zweig Advisers LLC. Information on the Zweig funds is available at http://www.PhoenixFunds.com.

Contact Information

  • For Further Information:
    Zweig Funds Shareholder Services
    (800) 272-2700
    Patricia Baronowski
    The Altman Group
    (212) 400-2604