ZWEIG TOTAL RETURN FUND DECLARES MONTHLY DISTRIBUTION
ZWEIG TOTAL RETURN FUND DECLARES MONTHLY DISTRIBUTION NEW YORK, Feb. 3 /PRNewswire/ -- The Zweig Total Return Fund, Inc.
(NYSE, PSE: ZTR), a closed-end investment company that began operations in September 1988, today announced its monthly distribution to shareholders. The distribution, of $.08 per share, will be paid on Feb. 26, 1992, to shareholders of record on Feb. 13, 1992 (ex-date Feb. 7, 1992).
Martin Zweig, chairman of the board and president of the fund, said, "I am pleased to announce this distribution to the Zweig Total Return Fund's shareholders. This distribution is in keeping with our policy to make minimum monthly distributions of 0.83 percent of the fund's net asset value (10 percent on an annualized basis), offering our shareholders a stable cash flow." The Zweig Total Return Fund's investment objective is to seek the highest total return, consisting of capital appreciation and current income, consistent with the preservation of capital. -0- 2/3/92 /CONTACT: Jeff Lazar of Zweig Total Return Fund, 212-486-7110, or Fern Lazar or Debra Wasser of Dewe Rogerson, 212-688-6840, for the fund/ (ZTR) CO: The Zweig Total Return Fund, Inc. ST: New York IN: FIN SU: DIV
GK-KD -- NY028 -- 6058 02/03/92 10:06 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Feb 3, 1992|
|Previous Article:||SIERRA ANNOUNCES EARNINGS, NEW SENIOR EXECUTIVE|
|Next Article:||SIERRA ANNOUNCES SUBSEQUENT OFFERING|