SOURCE: Zweig Total Return Fund

May 01, 2008 09:27 ET

The Zweig Total Return Fund, Inc. Declares Distribution

NEW YORK, NY--(Marketwire - May 1, 2008) - The Zweig Total Return Fund, Inc. (NYSE: ZTR) announced that its current monthly distribution will be $0.040 per share, payable on May 27, 2008, to shareholders of record on May 12, 2008 (ex-date May 08, 2008).

The distribution represents a cash 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 Total Return 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 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