NEW YORK, Feb. 1, 2012 /PRNewswire/ -- The Zweig Total Return Fund, Inc. (NYSE: ZTR), announced that its current monthly distribution for 2012 will be $0.031 per share, payable on February 21, 2012, to shareholders of record on February 13, 2012 (ex-date February 9, 2012).

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The distribution represents a cash yield of 10% on an annualized basis.  Distributions may represent earnings from net investment income, capital gains, excess gains taxable as ordinary income or, if necessary, return of capital.  The tax status of the Fund's distributions is determined at the end of the taxable year.

The Zweig Total Return Fund, Inc. is a closed-end fund with an investment objective to seek the highest total return, consisting of capital appreciation and current income, consistent with the preservation of capital. The Zweig closed-end funds are advised by Zweig Advisers LLC.  For more information on the Fund, please contact shareholder services at 800.272.2700, by email at zweig@virtus.com, or visit us on the web at www.virtus.com.

SOURCE The Zweig Total Return Fund, Inc.

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BOSTON, Feb. 1, 2012 /PRNewswire/ -- Eaton Vance Limited Duration Income Fund (NYSE Amex: EVV), a closed-end management investment company, today declared a monthly distribution of $0.1042 per common share.  As portfolio and market conditions change, the rate of future distributions may change. The distribution is expected to be paid on February 20, 2012, to shareholders of record on February 13, 2012.  The ex-dividend date is February 9, 2012. 

At this time the Fund believes that a portion of the February distribution may be comprised of amounts from sources other than net investment income.  If that is the case, you will be notified in writing.  Further information will be available prior to the payment date at   http://funds.eatonvance.com.  The final determination of tax characteristics of the Fund's distributions will occur after the end of the year, at which time it will be reported to the shareholders.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $184.5 billion in assets as of December 31, 2011, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

 

                       

 

SOURCE Eaton Vance Management

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Continues as Portfolio Manager for the Manulife Preferred Income Fund

TORONTO, Feb. 3, 2012 /PRNewswire/ -- Manulife Asset Management said today that Randy LeClair, CFA, joined the firm effective January 30th. As a Managing Director with Manulife Asset Management, the asset management arm of Manulife Financial, Mr. LeClair continues to serve as Portfolio Manager for the Manulife Preferred Income Fund, which he has led since 2009. 

"With Randy's depth of experience in the Canadian marketplace, we add yet another strong member to our fixed income team, in support of our partners at Manulife Mutual Funds.  We look forward to benefiting from his insights and contributions as manager of the Manulife Preferred Income Fund," said Terry Carr, Head of Canadian Fixed Income, Manulife Asset Management.

"We are pleased to welcome Randy to our internal asset management team at Manulife, where he will provide leadership and continuity on our Manulife Preferred Income Fund," said Paul Lorentz, President of Manulife Investments. "The addition of Randy to our team reflects our on-going commitment to provide advisors and their clients with access to top-performing portfolio managers and mutual fund solutions."

Mr. LeClair most recently served as Chief Investment Officer and Portfolio Manager with Portland Investment Counsel. He joined Portland, which provides portfolio management services as sub-adviser to several Manulife Mutual Funds, in 1998. He became CIO in 2010. Previously he had served as Portfolio Manager for the Regional Municipality of Halton, in Oakville, Ontario, from 1991 to 1998. A CFA charterholder since 1991, Mr. LeClair earned a Bachelor of Education from the University of Windsor, and a Bachelor of Arts, ACS (Finance), from the University of Western Ontario.

About Manulife Asset Management
Manulife Asset Management™ is the global asset management arm of Manulife Financial. Manulife Asset Management provides comprehensive asset management solutions for institutional investors and investment funds in key markets around the world.  Manulife Asset Management also provides investment management services to affiliates' retail clients through product offerings of Manulife and John Hancock. This investment expertise extends across a full range of asset classes including equity, fixed income and alternative investments such as real estate, timber, farmland, as well as asset allocation strategies. Manulife Asset Management has offices with full investment capabilities in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia and the Philippines. In addition, it has a joint venture asset management business in China, Manulife TEDA. It also has operations in Australia, New Zealand, Brazil and Uruguay. John Hancock Asset Management, Hancock Natural Resource Group and Declaration Management and Research are units of Manulife Asset Management. As at September 30, 2011 total assets under management were C$207 billion (US$199 billion). Additional information about Manulife Asset Management can be found at ManulifeAM.com.

About Manulife Mutual Funds
Manulife Mutual Funds, a division of Manulife Asset Management Limited, builds on more than 120 years of Manulife Financial's wealth and investment management expertise in managing approximately C$16.7 billion as at September 30, 2011 for Canadian investors, through a diverse portfolio of forward-thinking mutual fund products.  Our experienced Portfolio Managers offer access to markets in Canada, the United States and around the world, in a range of investment styles to help meet individual needs.  Manulife Mutual Funds is part of Manulife Investments, which offers personal wealth management products and services, such as mutual funds, segregated funds, annuities and guaranteed investment contracts.  For more information, please visit manulifemutualfunds.ca.

About Manulife Financial
Manulife Financial is a leading Canada-based financial services group operating in 21 countries and territories worldwide. In 2012, we celebrate 125 years of providing clients strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were C$492 billion (US$473 billion) as at September 30, 2011. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at manulife.com.

SOURCE Manulife Asset Management

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Fund to Support Institutional Investors' Move to High Yield

NEW YORK, Feb. 1, 2012 /PRNewswire/ -- First Eagle Investment Management (FEIM), a privately held asset management firm, today announced the launch of the High Yield Fund, the Firm's first new fund launched in over ten years. Managed by Edward Meigs, CFA and Sean Slein, CFA, the high yield strategy can be accessed through an institutional separate account or a registered mutual fund (Ticker: FEHIX).

"First Eagle has always aligned itself with our investors by investing alongside them. We are focused on capital preservation and we understand our clients' needs for current income generation. We are also long-time investors in high yield," commented John Arnhold, First Eagle's Chairman and CIO. "Adding a High Yield strategy was a logical extension of our equity offerings. We are very pleased to offer a fixed income strategy that is so closely aligned with our focus on absolute returns and bottom-up fundamental research."

The High Yield team's approach of modifying risk exposure through various stages of the credit cycle differentiates it from many other high yield strategies. Describing the appeal to institutional investors, Doug Meyer, Senior Vice President, Institutional Sales explained that, "As institutional investors increasingly allocate to dedicated high yield mandates and move to disaggregate core from core‐plus mandates, we believe that this strategy may offer a solution to our institutional clients.

"Furthermore, the team's bottom‐up fundamental approach, benchmark-agnostic portfolio construction, and risk rotation through the high yield cycle to manage downside risk are consistent with institutional investors' needs," he added.

About the High Yield Fund Managers

In October of 2011, Edward Meigs and Sean Slein joined First Eagle along with a team of analysts from Dwight Asset Management Company. Working together for more than a decade, the team recently won the 2011 Lipper Fund Award for the top risk-adjusted return in the High Yield category for the three-year period ending December 31, 2010. In addition to managing the high yield strategy, the team supports First Eagle's Global Value team in identifying potential investments across the capital structure.

"First Eagle's go-anywhere approach, coupled with its attractive long-term track record, made the firm hugely attractive to us," commented Ed Meigs, High Yield Portfolio Manager. "We are honored to be part of a firm whose mission is focused on serving its clients, whatever the markets hold."

First Eagle offers absolute-return value-oriented strategies to pension funds, corporations, foundations, endowments and high-net-worth individuals, as well as mutual fund investors through the First Eagle Funds.

First Eagle Investment Management
First Eagle Investment Management is an independent, closely held asset management firm with approximately $60 billion in assets under management and a heritage dating back to 1803. Over its long history, the firm has helped its clients to preserve capital and earn attractive returns through widely varied economic cycles—a tradition that is central to its mission today. For more information visit www.feim.com.

First Eagle Investment Management is the adviser to First Eagle Funds.

 

The Fund commenced operations in its present form on December 30, 2011, and is successor to another mutual fund pursuant to a reorganization on December 30, 2011. Information prior to December 30, 2011 is for this predecessor fund.

This is not an offer or solicitation of an offer to buy or sell any security, investment or other product. Investments are not FDIC insured or bank guaranteed, and may lose value.

The Fund invests in high yield, fixed income securities that, at the time of purchase, are non-investment grade. High yield, lower rated securities involve greater price volatility and present greater risks than high rated fixed income securities. High yield securities are rated lower than investment-grade securities because there is a greater possibility that the issuer may be unable to make interest and principal payments on those securities. High yield securities involve greater risk than higher rated securities and portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not.

Lipper, a wholly owned subsidiary of Reuters, is a leading global provider of mutual fund information and analysis to fund companies, financial intermediaries, and media organizations.2011 Best High Current Yield Fund is based on the three-year risk-adjusted performance among 416 high current yield funds for the period ended Dec. 31, 2010. Classification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 36, 60, and 120 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or ten years. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

Investors should consider investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the Funds and may be obtained by asking your financial adviser, visiting our website at firsteaglefunds.com or calling us at 800.334.2143. Please read our prospectus carefully before investing. For further information about the First Eagle Funds, please call 800.334.2143.

The First Eagle Funds are offered by FEF Distributors, LLC, 1345 Avenue of the Americas, New York, New York 10105.

 

SOURCE First Eagle Investment Management

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