Karpus Management Reaches Agreement with The Zweig Fund and The Zweig Total Return Fund Regarding Instituting a Tender Offer Program

As previously announced, Olshan client Karpus Management reached an agreement with The Zweig Fund, Inc. and The Zweig Total Return Fund, Inc. resulting in the institution of a tender offer program for up to 25% of each funds outstanding shares through an initial offer of up to 15% of outstanding shares and two conditional offers of up to 5% each, in each case at a price equal to 98% of NAV. Olshan represented Karpus Investment in connection with their activist campaign at The Zweig Fund and The Zweig Total Return Fund.