- Virtus Total Return Fund Inc. (ZTR) announced a **monthly distribution of $0.05** per share, payable on **October 30, 2025**, with an ex-date/record date of October 14, 2025.  **[836412_11b7269c72454ecf8c9f55483df6a158_0]** 
- For the October 2025 distribution, estimated sources include **46.0% from Return of Capital**, **50.0% from Net Realized Long-Term Capital Gains**, 4.0% from Net Realized Short-Term Capital Gains, and 0.0% from Net Investment Income.  **[836412_11b7269c72454ecf8c9f55483df6a158_0]** 
- Fiscal Year-to-Date (starting December 1, 2024), estimated distribution sources were **9.1% from Return of Capital**, **58.4% from Net Realized Long-Term Capital Gains**, 11.9% from Net Realized Short-Term Capital Gains, and **20.6% from Net Investment Income**.  **[836412_11b7269c72454ecf8c9f55483df6a158_0]** 
- As of September 30, 2025, the fund's **Average Annual Total Return on NAV for the 5-year period was 8.45%**, and its **Annualized Current Distribution Rate was 8.38%**.  **[836412_11b7269c72454ecf8c9f55483df6a158_1]**

Virtus Total Return Fund Inc. Discloses Distribution Sources and Performance

- Virtus Total Return Fund Inc. (ZTR) announced a **second conditional tender offer** to repurchase up to **10%** of its outstanding shares.  **[836412_23a1d61b46b7429092ec821ab70182c0_0]** 
- This offer was triggered because the Fund's Average Trading Discount exceeded **10%**, reaching **11.41%**, during the period from **April 1, 2025, through September 26, 2025**.  **[836412_23a1d61b46b7429092ec821ab70182c0_0]** 
- The Fund will offer to repurchase shares at a price equal to **98%** of its net asset value (net of expenses) as of the expiration date.  **[836412_23a1d61b46b7429092ec821ab70182c0_0]** 
- The Tender Offer is expected to commence on or about **November 3, 2025**, and expire on or about **December 3, 2025**.  **[836412_23a1d61b46b7429092ec821ab70182c0_0]**

Virtus Total Return Fund Inc. Announces Second Conditional Tender Offer

- Virtus Total Return Fund Inc. (ZTR) announced **monthly distributions of $0.05 per share** for September, October, and November 2025, following a previously announced $0.05 distribution for August 2025.  **[836412_35955564fc274c6baee7473eac6fac16_0]** 
- For the August 2025 (MTD) distribution, the Fund estimates the sources to be **45.8% from Net Realized Short-Term Capital Gains** and **54.2% from Net Realized Long-Term Capital Gains**.  **[836412_35955564fc274c6baee7473eac6fac16_0]** 
- Fiscal Year-to-Date (YTD) as of July 31, 2025 (fiscal year started December 1, 2024), the total distribution of **$0.450 per share** is estimated to include **38.6% from Return of Capital**.  **[836412_35955564fc274c6baee7473eac6fac16_0]** 
- The Fund's performance as of July 31, 2025, shows an **Average Annual Total Return on NAV of 7.35%** for the 5-year period and an **Annualized Current Distribution Rate of 8.63%**.  **[836412_35955564fc274c6baee7473eac6fac16_1]** 
- The Fund operates under a Managed Distribution Plan, aiming for a consistent distribution level, which may include a **return of capital** if net investment income and realized capital gains are less than the distribution amount.  **[836412_35955564fc274c6baee7473eac6fac16_0]**

Virtus Total Return Fund (ZTR)