ZTR: Tender Offer Quick Notes [Seeking Alpha]
Virtus Total Return Fund Inc. (ZTR)
US:NYSE Investor Relations:
virtus.com/products/virtus-global-dividend-income-fund-inc
Company Research
Source: Seeking Alpha
The tender offer will be for up to 10% of the Fund's outstanding shares at a price equal to 98% of NAV. Two additional conditional tender offers may be implemented if the Fund's average trading discount remains wide. Possible investor actions are discussed. Virtus Total Return Fund Inc. NYSE: ZTR ) has announced a tender offer program. This tender offer program is being initiated voluntarily by management as ZTR is not currently being targeted by any activist investors. ZTR is a hybrid utilities/fixed income fund. Nick Ackerman (a member of our Investing Group team) last provided an update on ZTR here . This article will focus on the upcoming tender offer and possible investor actions. From the press release: March 11, 2024 08:00 AM Eastern Daylight Time HARTFORD, Conn.--(( Virtus Total Return Fund Inc. (ZTR) (“the Fund”) today announced that its Board of Directors has approved a series of actions intended to enhance shareholder value, provide shareholders with an addit
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ZTR
News
- Virtus Total Return Fund Inc. Announces Final Results of Tender OfferBusiness Wire
- Virtus Total Return Fund Inc. Announces Preliminary Results of Tender Offer [Yahoo! Finance]Yahoo! Finance
- Virtus Total Return Fund Inc. Announces Preliminary Results of Tender OfferBusiness Wire
- Virtus Total Return Fund Inc. Discloses Sources of Distribution – Section 19(a) NoticeBusiness Wire
- Virtus Total Return Fund Inc. Announces Commencement of Tender OfferBusiness Wire
ZTR
Sec Filings
- 5/7/24 - Form SC
- 5/2/24 - Form SC
- 4/29/24 - Form NPORT-P
- ZTR's page on the SEC website