Zweig Fund, Inc. and The Zweig Total Return Fund, Inc. Announces Board Changes
August 02, 2016 at 09:00 am
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The Zweig Fund, Inc. and The Zweig Total Return Fund, Inc. appointed Philip R. McLoughlin and James M. Oates as directors. Each board also accepted the resignations of Christopher Ruddy and William H. Wright.
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.