Virtus Total Return Fund Inc. (ZTR) Form SCHEDULE 13D — Sep 30, 2026
Saba Capital Management, together with Boaz Weinstein and Saba GP, filed a Schedule 13D disclosing beneficial ownership of 2,519,703 common shares of Virtus Total Return Fund Inc., a 5.04% stake, as of September 28, 2026. The group paid approximately $16.45 million for the position and says the shares are undervalued and an attractive investment opportunity. The filing reserves broad activist options: Saba may discuss board appointments, governance, the discount to net asset value, the open- versus closed-end structure, potential liquidation, share buybacks or tenders, and may nominate directors or solicit proxies.
Key figures
- Shares Owned
- 2519703
- Percent Owned
- 5.04
- Shares Outstanding
- 49993603
- Event date
- 09/28/2026
- Total paid to acquire shares
- $16,447,386
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