ZWEIG FUND DECLARES DISTRIBUTION OF 29 CENTS
ZWEIG FUND DECLARES DISTRIBUTION OF 29 CENTS NEW YORK, March 23 /PRNewswire/ -- The Zweig Fund, Inc.
(NYSE, PSE: ZF) today announced that its board of directors declared a distribution to shareholders of 29 cents per share, payable on April 27, 1992 to shareholders of record on April 10, 1992 (ex-date April 6, 1992).
Martin Zweig, chairman of the fund said, "I am pleased to announce this 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- 3/23/92 /CONTACT: Jeff Lazar of Zweig Fund, 212-486-7110, or Fern Lazar or Debra Wasser of Dewe Rogerson, 212-688-6840, for Zweig Fund/ (ZF) CO: Zweig Fund, Inc. ST: New York IN: FIN SU: DIV
SH-OS -- NY013 -- 0417 03/23/92 09:11 EST
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|Date:||Mar 23, 1992|
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