SOURCE: Zweig Total Return Fund

December 17, 2007 11:14 ET

The Zweig Total Return Fund, Inc. Authorizes Declaration of a Distribution

NEW YORK, NY--(Marketwire - December 17, 2007) - The Zweig Total Return Fund, Inc. (NYSE: ZTR) announced that its board of directors declared a distribution payable on January 10, 2008 to stockholders of record on December 31, 2007 (ex date: January 3, 2008).

The Zweig Total Return Fund intends to distribute the greater of 0.83% of its net asset value on December 31, 2007 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, 2008.

The Zweig Total Return Fund, Inc. is a flexible 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.

Contact Information

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

    Patricia Baronowski
    The Altman Group
    (212) 400-2604