Current Price – $11.16
Expected Buyout – $11.85
Upside – 7%
Expiration Date – 31st of March, 2017
This is a relatively straightforward situation and I will keep the write-up light as I am travelling today (happy to expand more in the comments section later).
Zweig Fund (ZF) and Virtus Total Return Fund (DCA) will be merged by the end of March. Both closed end funds are administered by the same asset manager and shareholders have already agreed to the merger.