N🟁N

The Zweig Total Return Fund, Inc. and The Zweig Fund, Inc. Announce Results of Joint Annual Meeting of Shareholders

  //business-finance.news-articles.net/content/201 .. lts-of-joint-annual-meeting-of-shareholders.html
  Published in Business and Finance on Tuesday, May 11th 2010 at 12:20 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

NEW YORK, NY--(Marketwire - May 11, 2010) - The Zweig Total Return Fund, Inc. (NYSE: [ ZTR ]) and The Zweig Fund, Inc. (NYSE: [ ZF ]) announced the results of the Joint Annual Meeting of Shareholders held today in New York, New York. Shareholders of each fund re-elected George R. Aylward and Alden C. Olson to serve as Directors until the third succeeding Annual Meeting in 2013.

With respect to ZTR's Proposal 2, the meeting was adjourned until June 2, 2010 to permit further solicitation of shareholders. Proposal 2 proposes to amend ZTR's Charter to require Board consideration of various actions instead of a mandatory shareholder vote whether to convert ZTR to an open-end investment company when ZTR's shares trade at or greater than a specified discount from net asset value. The meeting will be reconvened at the offices of Willkie Farr & Gallagher LLP, located at 787 Seventh Avenue (between 51st and 52nd Streets), 34th Floor, New York, New York 10019 at 10:00 a.m. local time.

The Zweig Total Return Fund, Inc. is a closed-end fund with an investment objective to seek the highest total return, consisting of capital appreciation and current income, consistent with the preservation of capital. The Zweig Fund, Inc. is a closed-end fund with an investment objective of increasing capital primarily through investment in equity securities consistent with the preservation of capital and reduction of risk as determined by the fund's investment adviser. The Zweig closed-end funds are advised by Zweig Advisers LLC. For more information on the funds, please contact shareholder services at (800) 272-2700 or visit us on the web at [ www.virtus.com ].