Virtus Total Return Fund : 2021 ZTR Tax Information
January 27, 2022 at 10:01 am
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VIRTUS CLOSED END FUNDS
2021 TAX INFORMATION - COMMON STOCK SHAREHOLDERS
PLEASE READ CAREFULLY
To assist you and your tax professional in completing your tax return, we are providing you with the following information. The table below indicates the tax character of distributions paid by the Virtus Closed End Funds listed below on its common stock for the calendar year 2021. The distributions paid in January 2022 are reportable in calendar year 2021 for tax purposes. Please consult with your tax advisor for information related to your personal tax situation.
Per Share
As a Percentage of Ordinary
Return of
Income Dividends
Capital
Ordinary
Return of
Total
Qualified
Dividends
Percentage
VIRTUS CLOSED END FUND
Symbol
Income
Received
Capital
Distributions
Dividends
Dividends
Deduction
Virtus Global Multi-Sector Income Fund
VGI
$0.480
$0.560
$1.040
53.85%
0.00%
0.00%
Virtus Total Return Fund Inc.
ZTR
$0.237
$0.723
$0.960
75.31%
76.83%
38.69%
Ordinary Income Dividends (shown in Box 1a of your Form 1099-DIV) - These distributions will be taxed as ordinary income whether received in cash or reinvested in stock.
Capital Gain Distributions (shown in Box 2a of your Form 1099-DIV) - Shows the portion of the Fund's total distributions that represent long term capital gains.
Return of Capital (shown as "Nondividend distributions" in Box 3 of your Form 1099-DIV) - These distributions represent a non-taxable return of capital. These distributions are a tax-free return of capital and should not be reported as income, whether received in cash or reinvested in stock. The distributions from return of capital will, however, reduce your cost basis in the shares.
Qualified Dividends (shown in Box 1b of your Form 1099-DIV) - The percentage of the ordinary income dividends that may be eligible for reduced capital gains tax rates.
Dividends Received Deduction The percentage of the ordinary income dividends that qualify for the dividends received deduction allowed to certain corporate shareholders.
Of the ordinary income dividends paid in 2021 by the Virtus Closed End Funds, no portion was derived from earnings on obligations of the U.S. Government.
If you have any questions on VGI or ZTR, please visit the Virtus Closed End Fund section of our website at Virtus.com or contact Shareholder Services at 1-866-270-7788, Monday through Thursday 8:30 a.m. to 6:00 p.m. Eastern Time and Fridays until 5:00 p.m.
IRS Circular 230 Disclosure: Any information contained in this communication (including any attachments) is not intended to be used, and cannot be used, to avoid penalties imposed under the U.S. Internal Revenue Code.
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Virtus Total Return Fund Inc. published this content on 26 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 15:00:00 UTC.
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.