Virtus Total Return Fund (DCA): Thomas F. Mann , director of Virtus Total Return Fund sold 3,310 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $4.51 per share for a total value of $14,928.10 , the company said in a SEC Form 4 Filing.
Virtus Total Return Fund is a non-diversified closed-end management investment company. The Fund’s investment objective is total return consisting of both capital appreciation and current income. The Fund is invested in a balance of approximately 60% equity and 40% fixed income. Its portfolio of sectors consists of utilities energy telecommunication services financials energy and consumer discretionary among others. The Fund may invest in direct debt instruments which are interests in amounts owed by a corporate Governmental or other borrower to lenders or lending syndicates. Virtus Investment Advisers Inc. serves as the Fund’s advisor. Duff & Phelps Investment Management Co serves as the Fund’s sub-adviser.