Welcome to our dedicated page for Total Return Securities Fund news (Ticker: SWZ), a resource for investors and traders seeking the latest updates and insights on Total Return Securities Fund stock.
Swiss Helvetia Fund (NYSE: SWZ) provides investors with focused exposure to Swiss equity markets through its closed-end structure and actively managed portfolio. This news hub aggregates official press releases, regulatory filings, and market analyses related to the Fund's operations and strategy.
Stock Titan's SWZ news page serves as a centralized resource for tracking corporate developments, including quarterly earnings, portfolio rebalancing, and governance updates. Investors gain timely access to the Fund's managed distribution plan details, NAV disclosures, and strategic initiatives led by Schroder Investment Management.
Key updates cover dividend declarations, share repurchase activity, and material changes to the Fund's investment approach. Content is curated to help stakeholders monitor market positioning relative to NAV and understand regulatory submissions filed with the SEC.
Bookmark this page for streamlined tracking of SWZ's financial communications. Combine these updates with the Fund's latest SEC filings and share price data for comprehensive investment analysis. Check back regularly for new developments impacting this specialized closed-end investment vehicle.
Total Return Securities Fund (NYSE: SWZ) has undergone significant changes following stockholder approval on February 21, 2025. The fund implemented a new investment advisory agreement with Bulldog Investors, LLP effective March 31, 2025, and transformed its fundamental investment objective from Swiss equity focus to long-term total return.
The Fund's Board authorized a portfolio restructuring and announced a special cash distribution of $3.00 per share for record holders as of April 3, 2025. As of April 17, 2025, the Fund's portfolio composition stands at:
- Swiss Public Securities: 31.4%
- Swiss Non-Public Securities: 2.1%
- U.S. Public Securities: 7.5%
- Cash and Cash Equivalents: 59.0%
The Fund's total net assets amount to $90.4 million.
The Swiss Helvetia Fund (NYSE: SWZ) has announced significant changes following stockholder approval on February 21, 2025. The Fund will implement a new investment advisory agreement with Bulldog Investors, LLP effective March 31, 2025, alongside a shift from its Swiss-focused investment strategy to a broader long-term total return objective.
The Fund declared a special cash distribution of $3.00 per share, representing approximately 30% of its net assets, payable on April 7, 2025, to stockholders of record as of April 3, 2025. Due to the distribution exceeding 25% of the current share price, NYSE will implement 'due bill' procedures for trades settling between April 4-7, 2025.
Additionally, the Fund will suspend its managed distribution plan and rebrand as 'Total Return Securities Fund' effective March 31, 2025. The Board has also authorized the sale of substantially all portfolio securities to align with these strategic changes.
The Swiss Helvetia Fund (NYSE: SWZ) has declared a quarterly distribution of $0.1458 per share under its managed distribution plan. This distribution equates to an annualized distribution rate of 6.00% based on the Fund's NAV as of October 31, 2024.
The Fund's managed distribution plan aims to provide stockholders with consistent, though not guaranteed, fixed minimum quarterly distributions. This strategy may help narrow the discount to net asset value per share in trading. Distributions can include net investment income, realized capital gains, and when necessary, return of capital.
The Fund will provide detailed information about distribution amounts and composition through notices and press releases. Stockholders will receive Form 1099-DIV for tax reporting purposes. Unless otherwise elected, distributions will be automatically reinvested through the Fund's dividend reinvestment plan.
The Swiss Helvetia Fund (NYSE: SWZ) announced the results of a special stockholders meeting held on February 21, 2025. Stockholders approved two key proposals: (1) a new investment advisory agreement with Bulldog Investors, LLP, and (2) changes to the Fund's investment objective and restrictions to broaden its investment capabilities.
The Fund's Board of Directors plans to sell substantially all portfolio securities and declare a special cash distribution, primarily consisting of long-term capital gains, amounting to approximately 30% of the Fund's net assets.
The Swiss Helvetia Fund (NYSE: SWZ) has announced a special stockholders meeting scheduled for February 21, 2025, to consider two major proposals: (1) approving an investment advisory agreement with Bulldog Investors, LLP, and (2) modifying the Fund's investment objective, strategies, and restrictions to broaden its investment capabilities.
If shareholders approve these proposals, the Board plans to: (1) sell substantially all portfolio securities, (2) declare a special cash distribution of approximately 30% of the Fund's net assets, and (3) authorize a tender offer for at least 15% of outstanding shares at 98% of NAV if shares trade at a >10% discount from NAV for 10 consecutive business days in 2025.
Only stockholders of record as of January 24, 2025, are eligible to vote. The complete proposal details are available in the Fund's Definitive Proxy Statement filed with the SEC on January 27, 2025.
The Swiss Helvetia Fund (NYSE: SWZ) has filed preliminary proxy materials with the SEC for a special stockholders' meeting to consider two major proposals: adopting an investment advisory agreement with Bulldog Investors, LLP and modifying the Fund's investment objectives and restrictions to expand investment options.
If stockholders approve these proposals, the Board plans to sell substantially all portfolio securities and declare a special cash distribution of approximately 30% of the Fund's net assets. Additionally, if the Fund's shares trade at a >10% discount to NAV for any ten consecutive business days in 2025, the Board intends to authorize a tender offer for at least 15% of outstanding shares at minimum 98% of NAV per share.
Only stockholders of record as of January 24, 2025, will be eligible to vote at the Meeting. The Fund expects to file definitive Proxy Materials with the SEC in late January 2025.
The Swiss Helvetia Fund (NYSE: SWZ) has announced a quarterly distribution of $0.1458 per share of common stock under its managed distribution plan. The distribution is scheduled with a record date and ex-dividend date of December 17, 2024, and a payment date of December 31, 2024.
The Fund's managed distribution plan aims to provide stockholders with consistent quarterly distributions, which may include net investment income, net realized short-term and long-term capital gains, and return of capital. Stockholders will receive Form 1099-DIV after the end of 2024 detailing the actual composition of distributions for tax reporting purposes.
The Swiss Helvetia Fund (NYSE: SWZ) announced the results of its 2024 Annual Meeting of Stockholders. The meeting concluded with two main outcomes: five directors - Andrew Dakos, Richard Dayan, Phillip F. Goldstein, Gerald Hellerman, and Moritz A. Sell - were elected for one-year terms, and stockholders approved Tait, Weller & Baker, LLP as the Fund's independent registered public accounting firm for the year ending December 31, 2024.
The Swiss Helvetia Fund, Inc. (NYSE: SWZ) has declared a quarterly distribution of $0.129 per share under its managed distribution plan. Key dates include:
- Record Date: September 19, 2024
- Ex-Dividend Date: September 19, 2024
- Payment Date: September 30, 2024
The plan aims to provide stockholders with a consistent, fixed minimum rate of distribution quarterly. This $0.129 per share distribution equates to an annualized distribution rate of 6.00% based on the Fund's net asset value as of October 31, 2023. Distributions may include net investment income, capital gains, and return of capital. The Board will review the plan annually and may adjust the distribution rate based on various factors.
The Swiss Helvetia Fund (NYSE: SWZ) has declared a quarterly distribution of $0.129 per share, in accordance with its managed distribution plan. The key dates are as follows: Record Date - June 18, 2024; Ex-Dividend Date - June 18, 2024; Payment Date - June 28, 2024.
The distribution aims to provide a consistent fixed minimum rate of return to shareholders, potentially reducing the discount to NAV. The distribution may include net investment income, capital gains, or return of capital. Shareholders will receive notices and detailed press releases if distributions are not solely from net investment income.
The annualized distribution rate is 6.00% based on NAV as of October 31, 2023. The Board reviews the Plan annually and may adjust or terminate it, potentially impacting the stock price.
