Virtus Total Return Fund Inc. Announces First Conditional Tender Offer
Virtus Total Return Fund Inc. (ZTR)
US:NYSE Investor Relations:
virtus.com/products/virtus-global-dividend-income-fund-inc
Company Research
Source: Business Wire
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) (“the Fund”) today announced it met the conditions to trigger its first conditional tender offer (“Tender Offer”) to acquire another 10% of the Fund’s outstanding shares.This Tender Offer was triggered when the Average Trading Discount of the Fund’s shares exceeded 12% during the period from May 31, 2024 through November 26, 2024 (“measurement period”). The average trading discount during this measurement period was 12.51%.This Tender Offer period is expected to commence on or about January 7, 2025 and expire on or about February 5, 2025 (“expiration date”), unless extended. Under this Tender Offer, the Fund will seek to acquire 10% of its outstanding shares in exchange for cash at a price equal to 98% of its net asset value (net of expenses related to the Tender Offer) as of the close of regular trading on the expiration date.Further information about the Tender Offer will be announced at a later date and
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News
- Virtus Total Return Fund Inc. Announces First Conditional Tender Offer [Yahoo! Finance]Yahoo! Finance
- Virtus Total Return Fund Inc. Announces Distributions and Discloses Sources of Distribution – Section 19(a) NoticeBusiness Wire
- Virtus Total Return Fund Inc. Discloses Sources of Distribution – Section 19(a) NoticeBusiness Wire
- Virtus Total Return Fund Inc. Discloses Sources of Distribution – Section 19(a) NoticeBusiness Wire
ZTR
Sec Filings
- 11/8/24 - Form SC
- 10/28/24 - Form NPORT-P
- ZTR's page on the SEC website