Business News • MarketWire • The Zweig Total Return Fund, Inc. Announces Rights Offering Details |
The Zweig Total Return Fund, Inc. Announces Rights Offering Details |
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The Zweig Total Return Fund, Inc. Announces Rights Offering Details
NEW YORK, NY--(Marketwire - January 18, 2011) - The Zweig Total Return Fund, Inc. (the "Fund") (NYSE: ZTR) announced today that the Fund has issued 29.5 million Common Shares pursuant to its recently completed non-transferable rights offering. Sufficient Common Shares were not available to honor all over-subscription requests in full. Because such over-subscriptions exceeded the maximum amount of Common Shares offered, available Common Shares were allocated among those who over-subscribed based on the number of Common Shares owned by them on the Record Date, November 29, 2010. Confirmation statements were mailed beginning on January 14, 2011 and refunds for overpayments will be mailed beginning on January 19, 2011.
View More : http://www.marketwire.com/mw/release.do?id=1381955&sourceType=3
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