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SRH Total Return Fund, Inc. Section 19(a) Notice

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SRH Total Return Fund, Inc. (NYSE:STEW) will pay a distribution of $0.1375 per share to stockholders of record on April 23, 2024. The fund adopted a managed distribution policy to utilize capital gains for quarterly cash distributions. The estimated distribution sources are disclosed, including net investment income and realized capital gains. Stockholders should not infer investment performance solely from the distribution. The fund may have distributed more than income and gains, potentially including a return of capital. The Fund's managed distribution policy aims to provide long-term total return through regular quarterly distributions, which may involve net investment income, capital gains, and return of capital. The distribution level is monitored by the Board of Directors in relation to the Fund's performance and market conditions. The distribution rate is not equivalent to dividend yield or total return.

SRH Total Return Fund, Inc. (NYSE:STEW) distribuirà $0,1375 per azione ai suoi azionisti registrati il 23 aprile 2024. Il fondo ha adottato una politica di distribuzione gestita per utilizzare gli utili di capitale per distribuzioni trimestrali in contanti. Le fonti di distribuzione stimata includono entrate da investimenti netti e guadagni di capitale realizzati. Gli azionisti non dovrebbero dedurre le performance dell’investimento solo dalla distribuzione. Il fondo potrebbe aver distribuito oltre al reddito e ai guadagni, inclusi potenzialmente ritorni di capitale. La politica di distribuzione gestita del fondo mira a fornire un rendimento totale a lungo termine attraverso distribuzioni trimestrali regolari, che possono coinvolgere entrate da investimenti netti, guadagni di capitale e ritorni di capitale. Il livello di distribuzione è monitorato dal Consiglio di Amministrazione in relazione alle prestazioni del fondo e alle condizioni di mercato. Il tasso di distribuzione non equivale al rendimento dei dividendi o al rendimento totale.
SRH Total Return Fund, Inc. (NYSE:STEW) pagará una distribución de $0.1375 por acción a los accionistas inscritos el 23 de abril de 2024. El fondo adoptó una política de distribución gestionada para utilizar las ganancias de capital para distribuciones trimestrales en efectivo. Las fuentes de distribución estimadas incluyen ingresos por inversiones netas y ganancias de capital realizadas. Los accionistas no deberían inferir el rendimiento de la inversión solo a partir de la distribución. El fondo puede haber distribuido más que ingresos y ganancias, incluyendo potencialmente un retorno del capital. La política de distribución gestionada del fondo busca proporcionar un retorno total a largo plazo a través de distribuciones trimestrales regulares, que pueden involucrar ingresos por inversiones netas, ganancias de capital y retorno de capital. El nivel de distribución es monitoreado por la Junta Directiva en relación al desempeño del fondo y las condiciones del mercado. La tasa de distribución no es equivalente al rendimiento por dividendo o al retorno total.
SRH Total Return Fund, Inc. (NYSE:STEW)는 2024년 4월 23일에 등록된 주주들에게 주당 $0.1375의 배당금을 지급할 예정입니다. 이 펀드는 분기별 현금 배당을 위해 자본 이득을 활용하는 관리 배분 정책을 채택하였습니다. 추정 배분 출처에는 순 투자 수익과 실현된 자본 이득이 포함됩니다. 주주들은 배당만으로 투자 성과를 추론해서는 안 됩니다. 펀드는 수입과 이익을 초과하여 배분할 수 있으며, 이는 자본 환원을 포함할 수도 있습니다. 펀드의 관리 배분 정책은 순 투자 수익, 자본 이익 및 자본 환원을 포함할 수 있는 정기적인 분기 배당을 통해 장기적인 총 수익을 제공하는 것을 목표로 합니다. 배분 수준은 펀드의 성과와 시장 조건에 따라 이사회에 의해 모니터링됩니다. 배당률은 배당 수익률이나 총 수익률과 동일하지 않습니다.
SRH Total Return Fund, Inc. (NYSE:STEW) versera une distribution de 0,1375 $ par action aux actionnaires inscrits le 23 avril 2024. Le fonds a adopté une politique de distribution gérée pour utiliser les gains en capital pour les distributions trimestrielles en espèces. Les sources de distribution estimées comprennent les revenus nets d'investissement et les gains en capital réalisés. Les actionnaires ne devraient pas déduire la performance de l'investissement uniquement à partir de la distribution. Le fonds peut avoir distribué plus que des revenus et des gains, incluant potentiellement un retour de capital. La politique de distribution gérée du fonds vise à fournir un rendement total à long terme grâce à des distributions trimestrielles régulières, qui peuvent inclure des revenus d'investissement nets, des gains en capital et un retour de capital. Le niveau de distribution est surveillé par le conseil d'administration en relation avec la performance du fonds et les conditions du marché. Le taux de distribution n'est pas équivalent au rendement de dividende ou au rendement total.
SRH Total Return Fund, Inc. (NYSE:STEW) wird am 23. April 2024 eine Ausschüttung von 0,1375 US-Dollar pro Aktie an die am Stichtag eingetragenen Aktionäre zahlen. Der Fonds hat eine verwaltete Ausschüttungspolitik eingeführt, um Kapitalgewinne für vierteljährliche Barausschüttungen zu nutzen. Die geschätzten Ausschüttungsquellen umfassen Nettoanlageeinkommen und realisierte Kapitalgewinne. Aktionäre sollten nicht allein aus der Ausschüttung auf die Anlageleistung schließen. Der Fonds könnte mehr als Einkommen und Gewinne ausgeschüttet haben, möglicherweise einschließlich einer Kapitalrückzahlung. Die verwaltete Ausschüttungspolitik des Fonds zielt darauf ab, durch regelmäßige vierteljährliche Ausschüttungen, die Nettoanlageeinkommen, Kapitalgewinne und Kapitalrückzahlungen umfassen können, eine langfristige Gesamtrendite zu liefern. Das Ausschüttungsniveau wird vom Vorstand in Bezug auf die Leistung des Fonds und die Marktbedingungen überwacht. Die Ausschüttungsrate entspricht nicht der Dividendenrendite oder der Gesamtrendite.
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Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

DENVER, CO / ACCESSWIRE / April 30, 2024 / On April 30, 2024, SRH Total Return Fund, Inc. (NYSE:STEW) (the "Fund"), a closed-end investment company, will pay a distribution on its common stock of $0.1375 per share to stockholders of record at the close of business on April 23, 2024. The Fund, acting in accordance with an exemptive order received from the Securities and Exchange Commission and with approval of its Board of Directors, adopted a managed distribution policy under which the Fund may utilize capital gains, where applicable, as part of regular quarterly cash distributions to its stockholders. This policy gives the Fund greater flexibility to realize capital gains and to distribute those gains to stockholders.

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated in the table. In addition, the table shows the percentages of the total distribution amount per share attributable to (i) net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.

Current Distribution from:

Per Share ($)

Percentage (%)

Net Investment Income

0.03693

26.86%

Net Realized Short-Term Capital Gains

0.00000

0.00%

Net Realized Long-Term Capital Gains

0.10057

73.14%

Return of Capital or other Capital Source

0.00000

0.00%

Total (per common share)

0.13750

100.00%

Fiscal Year-to-Date Cumulative
Distributions from[1]:

Per Share ($)

Percentage (%)

Net Investment Income

0.03840

13.97%

Net Realized Short-Term Capital Gains

0.00537

1.95%

Net Realized Long-Term Capital Gains

0.14317

52.06%

Return of Capital or other Capital Source

0.08806

32.02%

Total (per common share)

0.27500

100.00%

Stockholders 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 policy. The amounts and sources of distributions reported in this 19(a) Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes.

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 actual amounts and sources of the amounts for accounting and 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 amounts and sources of distributions year-to-date may be subject to additional adjustments.

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.

Presented below are return figures, based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last day of the month prior to the distribution declaration date. While the NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a stockholder's investment in the Fund. The value of a stockholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.

Fund Performance & Distribution Rate Information

Annualized Distribution Rate as a Percentage of NAV^

2.82%

Cumulative Distribution Rate as a Percentage of NAV*

1.41%

Cumulative Total Return as a Percentage of NAV**

17.11%

Average Annual Total Return***

12.58%

^ Based on the Fund's NAV as of March 31, 2024 and the quarterly distribution of $0.1375.

*Based on the Fund's NAV as of March 31, 2024 and includes distributions through April 30, 2024.

**Cumulative Total Return is the percentage change in the Fund's NAV including distributions paid and assuming reinvestment of these distributions for the period December 1, 2023 through March 31, 2024.

***Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending March 31, 2024. Annual NAV Total Return is the percentage change in the Fund's NAV over a year including distributions paid and assuming reinvestment of these distributions.

The Fund has a managed distribution policy that seeks to deliver the Fund's long term total return potential through regular quarterly distributions declared at a fixed rate per share. Distributions may be paid in part or in full from net investment income, realized capital gains and by returning capital, or a combination thereof. Stockholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the stockholder's capital. A return of capital is not taxable; rather it reduces a stockholder's tax basis in his or her shares of the Fund.

The Fund's Board of Directors reviews the amount of any distributions made pursuant to the Fund's distribution policy and considers the income earned and capital gains realized by the Fund, as well as the Fund's available capital. The Board of Directors will continue to monitor the Fund's distribution level, taking into consideration, among other things, the Fund's net asset value and market conditions. The Fund's distribution policy is subject to modification, suspension or termination by the Board of Directors at any time, which could have an adverse effect on the market price of the Fund's shares. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

For more information on the Fund, please visit us on the web at www.srhtotalreturnfund.com.

NOT FDIC INSURED | May Lose Value | No Bank Guarantee

Contact info:

Website: https://srhtotalreturnfund.com/
Email: stewclientinquiries@paralel.com

[1] The Fund's fiscal year is December 1 to November 30. Information shown is for the period beginning December 1, 2023.

SOURCE: SRH Total Return Fund, Inc.



View the original press release on accesswire.com

FAQ

What is the distribution per share for SRH Total Return Fund, Inc. (STEW)?

SRH Total Return Fund, Inc. (STEW) will pay a distribution of $0.1375 per share to stockholders of record on April 23, 2024.

What is the managed distribution policy adopted by SRH Total Return Fund, Inc. (STEW)?

The fund adopted a managed distribution policy to utilize capital gains for quarterly cash distributions.

How does the Fund's Board of Directors monitor the distribution level of SRH Total Return Fund, Inc. (STEW)?

The Board of Directors reviews the income earned, capital gains realized, available capital, net asset value, and market conditions to monitor the distribution level.

What should stockholders note regarding the distribution sources of SRH Total Return Fund, Inc. (STEW)?

The distribution sources may include net investment income, realized capital gains, and return of capital. Stockholders should not infer investment performance solely from the distribution.

Is the distribution rate equivalent to dividend yield or total return for SRH Total Return Fund, Inc. (STEW)?

The distribution rate should not be considered equivalent to dividend yield or total return for an investment in the Fund.

SRH Total Return Fund, Inc.

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