The Zweig Fund, Inc. and The Zweig Total Return Fund, Inc. Approve Election of Christopher Ruddy to Board
June 12, 2015 at 09:15 am
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Boards of Directors of The Zweig Fund, Inc. and The Zweig Total Return Fund, Inc. announced that at the joint annual meeting of shareholders held on June 11, 2015, the shareholders of each fund elected nominee Christopher Ruddy to three-year terms for each board, or until a successor has been duly elected and qualified.
Virtus Total Return Fund Inc. (the Fund) is a closed-end, diversified management investment company. The Fund's investment objective is capital appreciation, with current income as a secondary objective. The Fund invests approximately 60% of its total assets in equity securities, managed by Duff & Phelps Investment Management Co. The Fund invests 40% in fixed income, managed by Newfleet Asset Management, LLC. Its products include mutual funds, retail separate accounts, closed-end funds, variable insurance funds, exchange-traded funds (ETFs), undertakings for the collective investment in transferable securities (UCITS) and CollegeAccess 529. The Fund invests in consumer discretionary, financials, healthcare, industrials, consumer staples, telecommunication services, energy, information technology, materials and utility sectors. The Fund's investment adviser is Virtus Investment Advisers, Inc.