Virtus Total Return Fund Inc. Announces First Conditional Tender Offer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2024
0mins
Source: Newsfilter
Tender Offer Announcement: Virtus Total Return Fund Inc. has announced its first conditional tender offer to acquire 10% of its outstanding shares, triggered by an average trading discount exceeding 12% during a specified measurement period.
Offer Details and Risks: The tender offer is expected to commence on January 7, 2025, and will be at a price equal to 98% of the net asset value. Investors are advised to review the Tender Offer Materials carefully due to inherent investment risks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
