The Swiss Helvetia Fund, Inc. Announces Resumption of Managed Distribution Plan
Swiss Helvetia Fund, Inc. (The) (SWZ)
US:NYSE Investor Relations:
schroders.com/en/us/swz-fund
Company Research
Source: PR Newswire
NEW YORK, Nov. 7, 2019 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a non-diversified registered closed-end investment company (the "Fund"), announced today that the Board of Directors has approved the resumption of the Fund's managed distribution plan (the "Plan") which was suspended in August 2018 when the Fund announced its intention to commence a significant self-tender offer. The primary purpose of the Plan is to provide the Fund's stockholders with a more consistent, but not guaranteed, fixed minimum rate of distribution on a regular, quarterly basis. The Plan also may have the effect of narrowing the discount to net asset value per share at which the Fund's shares trade. The Fund's Board of Directors currently anticipates that, commencing in December 2019, the Fund will make quarterly distributions pursuant to the Plan of $0.1404 per share. This distribution amount equates to an annualized distribution rate of 6.00% of the Fund's net asset value of $9.36 per shar
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Sec Filings
- 4/22/24 - Form 40-17G
- 3/11/24 - Form N-CEN
- 3/7/24 - Form N-CSR
- SWZ's page on the SEC website