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THE ZWEIG FUND AUTHORIZES DECLARATION OF A DISTRIBUTION

     THE ZWEIG FUND AUTHORIZES DECLARATION OF A DISTRIBUTION
    NEW YORK, Dec. 16 /PRNewswire/ -- The Zweig Fund, Inc. (NYSE, PSE: ZF) today announced that its board of directors declared a distribution payable on Jan. 10, 1992 to stockholders of record on Dec. 31, 1991.
    The Zweig Fund intends to distribute the greater of 2.5 percent of its net asset value on Dec. 13, 1991 (the day prior to declaration) or all available net investment income and net short- and long-term capital gains, in order to continue its qualification as a regulated investment company and to avoid the excise tax under the tax reform act of 1986. The amount of the distribution will be announced on Jan. 2, 1992.
    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-        12/16/91
    /CONTACT:  Jeff Lazar of The Zweig Fund, 212-486-7110, or Fern Lazar or Debra Wasser of Dewe Rogerson, 212-688-6840, for The Zweig Fund/
    (ZF) CO:  The Zweig Fund, Inc. ST:  New York IN:  FIN SU: SM-FC -- NY019 -- 2395 12/16/91 09:31 EST
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Publication:PR Newswire
Date:Dec 16, 1991
Words:209
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