ZWEIG TOTAL RETURN FUND DECLARES MONTHLY DISTRIBUTION
ZWEIG TOTAL RETURN FUND DECLARES MONTHLY DISTRIBUTION NEW YORK, March 2 /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 March 25, 1992, to shareholders of record on March 12, 1992 (ex-date March 6, 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- 3/2/92 /CONTACT: Jeff Lazar of the 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: SU: DIV
GK-OS -- NY017 -- 3805 03/02/92 09:46 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Mar 2, 1992|
|Previous Article:||FILENE'S BASEMENT OPENS NEWEST STORE IN TAUNTON, MASS.|
|Next Article:||IMCERA'S PITMAN-MOORE UNIT ACQUIRES ANIMAL HEALTH BUSINESS OF COOPER-ZELTIA S.A., SPAIN|