2024-03-28 11:11:38 ET
Summary
- Virtus Total Return Fund Inc. announces a tender offer program to enhance shareholder value and provide liquidity.
- 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. ( 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....
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For further details see:
ZTR: Tender Offer Quick Notes