04:15 AM EDT, 04/03/2024 (MT Newswires) -- Virtus Total Return Fund Inc. ( ZTR ) said late Tuesday it launched a tender offer to acquire up to 10% of its outstanding shares in exchange for cash at a price equal to 98% of its net asset value.

The offer will expire on May 1 and the company will price the offer on May 2.

If more than 10% of the shares are tendered, the fund will purchase its shares from all shareholders on a pro-rata basis, based on the number of tendered shares at the offering price.

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