Virtus Total Return Fund Inc. Announces Preliminary Results of Tender Offer

fidelity
2025.12.04 13:45
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Virtus Total Return Fund Inc. announced preliminary results of its tender offer to acquire up to 10% of its outstanding shares, which expired on December 3, 2025. Approximately 15,013,106 shares were tendered, leading to an oversubscription. The purchase price is set at 98% of the Fund’s net asset value per share, equating to $6.9874. Final results are expected by December 8, 2025. The Fund aims for capital appreciation and income, with investment managed by Virtus Investment Advisers, LLC and subadvisers Duff & Phelps and Newfleet Asset Management.