The changes will allow the funds to have coordinated joint board and shareholder meetings, and are expected to result in long-term efficiencies and other savings for the funds.
About the Funds
The Virtus Total Return Fund has an objective of total return, consisting of both capital appreciation and current income. The fund has been managed since December 9, 2011 by Duff & Phelps Investment Management Co. and Newfleet Asset Management, LLC, both affiliated managers of Virtus Investment Partners.
The Virtus Global Multi-Sector Income Fund seeks to maximize current income while preserving capital by giving investors an opportunity to benefit from broadly diversified holdings across the major domestic and international fixed-income sectors. It is managed by Newfleet Asset Management.
The Duff & Phelps Select Energy MLP Fund invests at least 80 percent of its managed assets in select energy master limited partnerships (MLPs), which offer exposure to the ongoing energy renaissance and the reshaping of the U.S. energy economy. It is managed by Duff & Phelps Investment Management.
The Zweig Fund has an investment objective of capital appreciation, with income as a secondary objective. The Zweig Total Return Fund has an investment objective of total return, consisting of capital appreciation and income. Both funds are advised by Zweig Advisers LLC.
For more information on the funds, contact shareholder services at (866) 270-7788, by email at email@example.com, or through the closed end fund section on the web at www.virtus.com.
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SOURCE Virtus Closed-End Funds