Virtus Health

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) previously announced the following monthly distribution on August 29, 2024: Amount of Distribution Ex-Date Record Date Payable Date $0.05 September 13, 2024 September 13, 2024 September 26, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination there. » Mehr auf businesswire.com

The Virtus Total Return Fund (ZTR) provides investors with exposure to both utilities and fixed-income instruments, an area of the market that stands to benefit in a lower-rate environment. The fund trades at an attractive discount while it has started to perform much better in 2024; it also pays out a relatively high distribution rate of ~10%. The fund completed a tender offer earlier this year, and there are potentially two more conditional tender offers to be triggered in the future. » Mehr auf seekingalpha.com

Virtus Total Return Fund Inc. is a closed-end fund that can protect against inflation and generate income. The ZTR fund's current yield of 10.33% compares well with similar funds, but its performance has lagged market indices. The fund might be able to benefit from the artificial intelligence boom due to its significant exposure to electric utilities. » Mehr auf seekingalpha.com