Virtus Total Return Fund Inc. Discloses Distribution Sources – Section 19(a) Notice | News

HARTFORD, Conn., May 3, 2022 /PRNewswire/ — Virtus Total Return Fund Inc. (NYSE: ZTR) previously announced the following monthly distribution on March 3, 2022:

Distribution amount

Secondment date

Registration Date

Payment date


May 11, 2022

May 12, 2022

May 19, 2022

Under its managed distribution plan, the Fund will seek to maintain a constant level of distributions which may be paid in part or in whole out of net investment income and realized capital gains, or a combination thereof. this. Shareholders should note, however, that if the total net investment income and net realized capital gains of the Fund are less than the amount of the distribution level, the difference will be paid out of the assets of the Fund and will constitute a return of capital to the shareholder. You should not draw any conclusions about the investment performance of the Fund from the amount of such distribution or the terms of the Fund’s managed distribution plan.

The Fund believes it has distributed more than its income and capital gains; therefore, part of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money you have invested in the Fund is returned to you. A return of capital distribution does not necessarily reflect the performance of the Fund’s investments and should not be confused with “yield” or “income”.

The Fund has provided this estimate of the sources of distributions:

Distribution estimates

April 2022 (BAT)

Fiscal year to date

(YTD) (1)


Per share





Per share





Net investment income





Short-term net realized capital gains



Net realized long-term capital gains





Return of capital (or other source of capital)





Total distribution





(1) Fiscal year beginning December 1, 2021

Information regarding the Fund’s performance and distribution rates is set out below. Please note that all performance figures are based on the net asset value of the Fund and not the market price of the Fund’s shares. Performance figures are not intended to represent individual shareholder performance.

April 29, 2022

Average annual total return on net asset value for the 5-year period (2)


Current annualized distribution rate for the current year (3)


Cumulative total return on net asset value since the beginning of the year (4)


YTD Tax Cumulative Distribution Rate (5)



The average annual total return on net asset value is the compounded annual return for the five-year period. He reflects

changing the net asset value of the Fund and reinvesting all distributions.


The current annualized distribution rate for the current year is the current annualized distribution rate as

percentage of the net asset value of the Fund at the end of the month.


Fiscal YTD Cumulative Total Return on NAV is the percentage change in the net asset value of the Fund since the first

fiscal year through the end of that month, including distributions paid and assuming reinvestment thereof



Year-to-date cumulative distribution rate is the dollar value of distributions from the first day of the year.

of the year at the end of this month as a percentage of the net asset value of the Fund at the end of the month.

The amounts and sources of distributions set forth in this notice are estimates only and are not provided for tax reporting purposes. The actual amounts and sources of distributions for tax purposes will depend on the Fund’s investment experience over the remainder of its financial year and may be subject to change as a result of tax regulations. The Fund or your dealer will send you a Form 1099-DIV for the calendar year which will tell you which distributions to report for federal income tax purposes.

About the Fund

Virtus Total Return Fund Inc. is a diversified closed-end fund whose investment objective is capital appreciation, with income as a secondary objective. Virtus Investment Advisers, Inc. served as the investment advisor, and Duff & Phelps Investment Management Co. and Newfleet Asset Management, LLC have been sub-advisers to the Fund since December 9, 2011. Front performance and features December 9, 2011 were achieved by the previous advisor using a different investment strategy.

For more information about the Fund, contact Shareholder Services at (866) 270-7788, by email at [email protected], or via closed-end funds section of

Fund risks

An investment in a fund is subject to risks, including the risk of possible loss of principal. A fund’s shares may be worth less when sold than an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information on each Fund’s investment objective and risks, please see the Fund’s annual report. A copy of the Fund’s most recent annual report can be obtained free of charge by contacting “Shareholder Services” as indicated at the bottom of this press release.

About Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. has over 35 years of experience managing investment portfolios, including institutional segregated accounts and open and closed-end funds investing in utilities, master limited partnerships (MLPs), infrastructure and trusts. real estate investment (REIT). For more information, visit

About Newfleet Asset Management

Newfleet Asset Management, an affiliate manager of Virtus Investment Partners, offers comprehensive management of fixed income portfolios across multiple strategies. The Newfleet Multi-Sector Strategies team that manages the Virtus Total Return Fund Inc. draws on the knowledge and skills of investment professionals with expertise in all sectors of the bond market, including evolving sectors, specialized and disadvantaged. The team uses active sector rotation and disciplined risk management to construct the portfolio, avoiding interest rate bets and remaining neutral to each strategy’s benchmark. For more information, visit

About Virtus Investment Partners

Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of specialist investment managers uniquely committed to the long-term success of individual and institutional investors. The Company provides investment management products and services through its affiliated managers and certain sub-advisors, each with a distinct investment style, independent investment process and individual brand. For more information, visit

For more information:

Shareholder service

(866) 270-7788

[email protected]

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SOURCE Virtus Total Return Fund Inc.