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The Zweig Fund, Inc. Declares Distribution

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^{Published in Business and Finance on Monday, June 21st 2010 at 7:40 GMT by Market Wire}  

NEW YORK, NY--(Marketwire - June 21, 2010) - The Zweig Fund, Inc. (NYSE: [ ZF ]), announced that its second quarterly distribution for 2010 will be $0.087 per share, payable on July 16, 2010, to shareholders of record on July 09, 2010 (ex-date July 07, 2010).

The distribution represents a cash dividend yield of 10% on an annualized basis. Distributions may represent earnings from net investment income, capital gains, excess gains taxable as ordinary income or, if necessary, return of capital. The tax status of the Fund's distributions is determined at the end of the taxable year.

The Zweig Fund, Inc. is a closed-end fund with an 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 Fund, please contact shareholder services at 800.272.2700 or visit us on the web at [ www.virtus.com ].