The Zweig Total Return Fund, Inc. Discloses Sources of Distribution -- Section 19A Notice

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Tue Apr 6, 2010 4:15pm EDT

  NEW YORK, NY, Apr 06 (MARKET WIRE) -- 
The Board of Directors of The Zweig Total Return Fund, Inc. (NYSE: ZTR)
declared a distribution of $0.034 per share to shareholders of record on
April 12, 2010, payable April 26, 2010. The Fund has a Managed
Distribution Plan to pay 10 percent of the Fund's net asset value ("NAV")
on an annualized basis. The Board believes that regular, fixed cash
payouts will enhance shareholder value and serve the long-term interests
of shareholders.

    The following is a required Section 19A notice:

    You should not draw any conclusions about the Fund's investment
performance from the amount of this distribution or from the terms of the
Fund's Managed Distribution Plan.

    This notice discloses information on the sources of the distribution as
required by SEC Rule 19(a) of the Investment Company Act of 1940 and the
Fund's SEC Exemptive Order under Section 19(b) as follows:


Distribution Estimates              April 2010 (MTD)  Year-to-date (YTD)(1)
                                  -------------------  -------------------
                                   Per    Percentage     Per   Percentage
                                   Share  of Current    Share  of Current
         (Sources)                 Amount Distribution  Amount Distribution
                                  ------- -----------  ------- -----------
Net Investment Income             $ 0.006        17.2% $ 0.012        12.1%
                                  ------- -----------  ------- -----------
Net Realized Short-Term Capital
 Gains                              0.011        31.8%   0.021        20.2%
                                  ------- -----------  ------- -----------
Net Realized Long-Term Capital
 Gains                                  -         0.0%       -         0.0%
                                  ------- -----------  ------- -----------
Return of Capital (or other
 Capital Source)                    0.017        51.0%   0.069        67.7%
                                  ------- -----------  ------- -----------
Total Distribution                $ 0.034       100.0% $ 0.102       100.0%
                                  ------- -----------  ------- -----------

  (1) YTD February 1, 2010 to January 10, 2011. (The distribution paid on
      January 11, 2010 was reportable for tax on Form 1099 in 2009)

    
The Fund estimates that it has distributed more than its income and
net realized capital gains; therefore, a portion of your distribution may
be a return of capital. A return of capital may occur, for example, when
some or all of the money that you invested in the Fund is paid back to
you. A return of capital distribution does not necessarily reflect the
Fund's investment performance and should not be confused with "yield" or
"income."

    The amounts and sources of distributions reported in this Notice are only
estimates and are not being provided for tax reporting purposes. The
actual amounts and sources of the amounts for tax reporting purposes will
depend upon the Fund's investment experience during the remainder of its
fiscal year and may be subject to changes based on tax regulations. The
Fund will send you a Form 1099-DIV for the calendar year that will tell
you how to report these distributions for federal income tax purposes.

    Information regarding the Fund's performance and distribution rates is set
forth below. Please note that all performance figures are based on the
Fund's NAV and not the market price of the Fund's shares. Performance
figures are not meant to represent individual shareholder performance.


Average Annual Total Return on NAV for the
 5-year period ended March 31, 2010 (2)                4.94%
Current Fiscal YTD Annualized Distribution Rate (3)    9.98%

YTD Cumulative Total Return on NAV (4)                 1.65%
YTD Cumulative Distribution Rate (5)                   2.49%

  (2) Average Annual Total Return on NAV is the annual compound return
      for the five year period.  It  reflects the change in the Fund's
      NAV and reinvestment of all distributions.
  (3) Current Fiscal YTD Annualized Distribution Rate is the Cumulative
      Distribution Rate annualized as a percentage of the Fund's NAV as
      of March 31, 2010.
  (4) YTD Cumulative Total Return on NAV is the percentage change in the
      Fund's NAV from January 1, 2010 to March 31, 2010, including
      distributions paid and assuming reinvestment of those distributions.
  (5) YTD Cumulative Distribution Rate is the dollar value of distributions
      from January 1, 2010 to March 31, 2010 as a percentage of the Fund's
      NAV as of March 31, 2010.

    
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 or visit us on the web at www.virtus.com.

    

For Further Information:
Zweig Funds Shareholder Services
(800) 272-2700
Patricia Baronowski
The Altman Group
(212) 400-2604

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