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THE ZWEIG FUND, INC. DECLARES DISTRIBUTION

 NEW YORK, Sept. 20 /PRNewswire/ -- The Zweig Fund, Inc. (NYSE/PSE: ZF) today announced that its board of directors declared a distribution to shareholders of 30 cents per share, payable on Oct. 26, 1993, to shareholders of record on Oct. 13, 1993 (ex-date Oct. 6, 1993).
 Dr. Martin Zweig, chairman of the fund, said, "I am pleased to announce this quarter's distribution to The Zweig Fund's shareholders, which in accordance with the fund's 10 percent distribution policy, provides a stable cash flow of at least 2.5 percent of net asset value per quarter."
 The Zweig Fund is a closed-end fund with an investment objective to increase capital primarily through investment in equity securities. The fund also seeks to preserve capital through the use of certain hedging and market timing techniques that are designed to eliminate unnecessary risk.
 -0- 9/20/93
 /CONTACT: Jeff Lazar of The Zweig Fund, 212-755-9860; Marissa Moretti or Jennifer Wolfertz of Dewe Rogerson, 212-688-6840, both for The Zweig Fund/
 (ZF)


CO: The Zweig Fund, Inc. ST: New York IN: FIN SU:

IH-DS -- DC010 -- 3526 09/20/93 09:46 EDT
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Publication:PR Newswire
Date:Sep 20, 1993
Words:185
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