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THE ZWEIG FUND, INC. DECLARES DISTRIBUTION

 NEW YORK, June 21 /PRNewswire/ -- The Zweig Fund, Inc. (NYSE, PSE: ZF) today announced that its board of directors declared a distribution to shareholders of $0.28 per share, payable on July 26, 1993 to shareholders of record on July 12, 1993, (ex-date July 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- 6/21/93
 /CONTACT: Jeff Lazar of The Zweig Fund, Inc., 212-755-9860; or Marissa Moretti or Jennifer Wolfertz of Dewe Rogerson, 212-688-6840, for The Zweig Fund, Inc./
 (ZF)


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

PS-SH -- NY028 -- 3958 06/21/93 09:56 EDT
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Publication:PR Newswire
Date:Jun 21, 1993
Words:187
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