SRH Total Return Fund, Inc. Increases Its Quarterly Distribution by 20% This Is the Fourth Consecutive Annual Increase
SRH Total Return Fund (NYSE:STEW) announces a 20% increase in its quarterly distribution to $0.165 per share starting January 2025, marking its fourth consecutive annual increase. The distribution has grown by 12.8% annually over four years. The upcoming distribution represents approximately 4.07% of the Fund's market price and 3.13% of its NAV. As of November 8, 2024, the Fund's NAV was $21.08 per share with a closing market price of $16.22, reflecting a 23.06% discount to NAV. The January 2025 distribution will be payable to stockholders of record on January 24, 2025.
Il SRH Total Return Fund (NYSE:STEW) ha annunciato un aumento del 20% nella sua distribuzione trimestrale a $0.165 per azione, a partire da gennaio 2025, segnando il quarto aumento annuale consecutivo. La distribuzione è cresciuta del 12,8% annualmente nell'arco di quattro anni. La distribuzione imminente rappresenta circa il 4,07% del prezzo di mercato del Fondo e il 3,13% del suo NAV. Al 8 novembre 2024, il NAV del Fondo era di $21.08 per azione con un prezzo di mercato di chiusura di $16.22, riflettendo uno sconto del 23,06% sul NAV. La distribuzione di gennaio 2025 sarà pagabile agli azionisti registrati il 24 gennaio 2025.
El SRH Total Return Fund (NYSE:STEW) anuncia un aumento del 20% en su distribución trimestral a $0.165 por acción a partir de enero de 2025, marcando su cuarto aumento anual consecutivo. La distribución ha crecido un 12,8% anualmente durante cuatro años. La próxima distribución representa aproximadamente el 4,07% del precio de mercado del Fondo y el 3,13% de su NAV. A partir del 8 de noviembre de 2024, el NAV del Fondo era de $21.08 por acción con un precio de mercado de cierre de $16.22, reflejando un descuento del 23,06% sobre el NAV. La distribución de enero de 2025 se pagará a los accionistas registrados el 24 de enero de 2025.
SRH 총수익 펀드(NYSE:STEW)는 2025년 1월부터 20%의 분기 배당금 인상을 발표하며 주당 $0.165으로 책정했습니다. 이는 네 번째로 연속적인 연간 증가를 의미합니다. 이 분배는 4년 동안 매년 12.8% 성장했습니다. 다가오는 배당금은 펀드의 시장 가격의 약 4.07%와 순자산가치(NAV)의 3.13%를 나타냅니다. 2024년 11월 8일 기준으로, 펀드의 NAV는 주당 $21.08이었으며, 종가 시장 가격은 $16.22로 NAV 대비 23.06%의 할인율을 반영하고 있습니다. 2025년 1월의 배당금은 2025년 1월 24일에 등록된 주주에게 지급됩니다.
Le SRH Total Return Fund (NYSE:STEW) annonce une augmentation de 20% de sa distribution trimestrielle à $0.165 par action à partir de janvier 2025, marquant ainsi sa quatrième augmentation annuelle consécutive. La distribution a augmenté de 12,8% par an au cours des quatre dernières années. La distribution à venir représente environ 4,07% du prix de marché du Fonds et 3,13% de sa valeur liquidative (NAV). Au 8 novembre 2024, la NAV du Fonds était de 21,08 $ par action, avec un prix de clôture de 16,22 $, ce qui reflète une remise de 23,06 % par rapport à la NAV. La distribution de janvier 2025 sera payable aux actionnaires enregistrés le 24 janvier 2025.
Der SRH Total Return Fund (NYSE:STEW) kündigt eine 20%ige Erhöhung seiner vierteljährlichen Ausschüttung auf $0.165 pro Aktie ab Januar 2025 an, was die vierte aufeinanderfolgende jährliche Erhöhung darstellt. Die Ausschüttung ist über vier Jahre hinweg jährlich um 12,8% gewachsen. Die bevorstehende Ausschüttung entspricht ungefähr 4,07% des Marktpreises des Fonds und 3,13% seines NAV. Am 8. November 2024 betrug der NAV des Fonds $21.08 pro Aktie, während der Schlussmarktpreis $16.22 betrug, was einen Rabatt von 23,06% auf den NAV widerspiegelt. Die Ausschüttung im Januar 2025 wird an die am 24. Januar 2025 registrierten Aktionäre ausgezahlt.
- 20% increase in quarterly distribution to $0.165 per share
- Fourth consecutive annual increase with 12.8% average growth over four years
- Distribution represents 4.07% yield at current market price
- Distribution is accretive to market-price-based return due to current discount to NAV
- Significant 23.06% discount to NAV indicates market undervaluation
- Distribution may not consist solely of net investment income
Insights
The 20% increase in quarterly distribution to
The fund's substantial
DENVER, CO / ACCESSWIRE / November 13, 2024 / SRH Total Return Fund, Inc. (NYSE:STEW) (the "Fund") is pleased to announce a
Pay Date | Record Date | Ex-Dividend Date | Amount Per Share |
January 31, 2025 | January 24, 2025 | January 24, 2025 |
Due to the current discount of the Fund's market price to its per share NAV and the fact that distributions are made in cash (i.e., at NAV), if Fund shares continue to trade at a discount at the time of this distribution, then it will be accretive to the Fund's market-price-based return.
As previously announced, the Board of Directors instituted a managed distribution program in accordance with its Section 19(b) exemptive order in November 2015. In adopting the program, the Fund seeks to provide a regular quarterly distribution to its common stockholders which is not dependent on the amount of income earned or capital gains realized by the Fund.
Investors should not make any conclusions about the Fund's investment performance from the amount of the Fund's distributions or the Fund's distribution policy. With each distribution that does not consist solely of net investment income, the Fund will issue a notice to shareholders and an accompanying press release that will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders 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 its full fiscal year and may be subject to changes based on tax regulations. The Fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.
The Fund
SRH Total Return Fund, Inc. is a non-diversified closed-end investment company traded on the New York Stock Exchange under the trading symbol "STEW". As of November 8, 2024, the Fund's NAV was
The Fund is a closed-end fund and does not continuously issue stock for sale as open-end mutual funds do. The Fund now trades in the secondary market. Investors wishing to buy or sell stock need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market value.
Paralel Advisors LLC
Paralel Advisors LLC serves as the investment advisor to the SRH Total Return Fund. Together with our parent company, Paralel Technologies LLC, we develop technology-based solutions to better serve investors.
Rocky Mountain Advisers, LLC
RMA is an investment adviser registered with the SEC based out of Kansas. More information about RMA is available at www.srhtotalreturnfund.com as well as www.investrma.com.
NOT FDIC INSURED | May Lose Value | No Bank Guarantee
Contact info:
Website: https://srhtotalreturnfund.com/
Email: stewclientinquiries@paralel.com
SOURCE: SRH Total Return Fund, Inc.
View the original press release on accesswire.com
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