{"id":812093,"date":"2025-02-12T09:04:32","date_gmt":"2025-02-12T14:04:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/virtus-total-return-fund-inc-announces-final-results-of-tender-offer\/"},"modified":"2025-02-12T09:04:32","modified_gmt":"2025-02-12T14:04:32","slug":"virtus-total-return-fund-inc-announces-final-results-of-tender-offer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/virtus-total-return-fund-inc-announces-final-results-of-tender-offer\/","title":{"rendered":"Virtus Total Return Fund Inc. Announces Final Results of Tender Offer"},"content":{"rendered":"

<\/p>\n

Virtus Total Return Fund Inc. Announces Final Results of Tender Offer<\/b><\/p>\n

HARTFORD, Conn.–(BUSINESS WIRE<\/a>)–Virtus Total Return Fund Inc.<\/a> (NYSE: ZTR) (the \u201cFund\u201d) today announced final results of its previously announced tender offer to acquire 10% of its outstanding shares, which expired February 6, 2025 at 5:00 p.m. (Eastern).<\/p>\n

\nThe Fund accepted 6,172,049 shares, representing 10% of its outstanding shares, for payment on or about February 12, 2025. A total of 20,219,605 shares were properly tendered. Therefore, on a prorated basis, approximately 30.53% of the shares tendered by each tendering stockholder have been accepted for payment.<\/p>\n

\nThe purchase price of the accepted shares is 98% of the Fund\u2019s net asset value per share determined as the close of regular trading session of the New York Stock Exchange on February 6, 2025, which is equal to $6.4386 per share.<\/p>\n

About the Fund
\n
<\/b>Virtus Total Return Fund Inc.<\/a> is a diversified closed-end fund whose investment objective is capital appreciation, with income as a secondary objective. Virtus Investment Advisers, LLC is the investment adviser and Duff & Phelps Investment Management Co.<\/a> and Newfleet Asset Management<\/a> are the subadvisers to the Fund. For more information on the Fund, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com<\/a>, or through the Closed-End Funds<\/a> section of virtus.com<\/a>.<\/p>\n

Fund Risks
\n
<\/b>An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund\u2019s shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their NAV. For more information about the Fund\u2019s investment objective and risks, please see the Fund\u2019s annual report. A copy of the Fund\u2019s most recent annual report may be obtained free of charge by contacting \u201cShareholder Services\u201d as set forth at the bottom of this press release.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250212981610\/en\/<\/a><\/span><\/p>\n

For Further Information:
\n<\/span><\/b>
Shareholder Services
\n
(866) 270-7788
\n
closedendfunds@virtus.com<\/a><\/p>\n

KEYWORDS:<\/b> Connecticut United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Virtus Total Return Fund Inc. Announces Final Results of Tender Offer HARTFORD, Conn.–(BUSINESS WIRE)–Virtus Total Return Fund Inc. (NYSE: ZTR) (the \u201cFund\u201d) today announced final results of its previously announced tender offer to acquire 10% of its outstanding shares, which expired February 6, 2025 at 5:00 p.m. (Eastern). The Fund accepted 6,172,049 shares, representing 10% of its outstanding shares, for payment on or about February 12, 2025. A total of 20,219,605 shares were properly tendered. Therefore, on a prorated basis, approximately 30.53% of the shares tendered by each tendering stockholder have been accepted for payment. The purchase price of the accepted shares is 98% of the Fund\u2019s net asset value per share determined as the close of regular trading session … <\/p>\n

Continue reading “Virtus Total Return Fund Inc. Announces Final Results of Tender Offer”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-812093","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVirtus Total Return Fund Inc. Announces Final Results of Tender Offer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/virtus-total-return-fund-inc-announces-final-results-of-tender-offer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Virtus Total Return Fund Inc. 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