Welcome to our dedicated page for Swiss Helvetia Fund news (Ticker: SWZ), a resource for investors and traders seeking the latest updates and insights on Swiss Helvetia Fund stock.
Swiss Helvetia Fund, Inc. (NYSE: SWZ) is a non-diversified, closed-end investment company headquartered at 1270 Avenue of the Americas, New York, New York, USA. The Fund's primary goal is to seek long-term capital appreciation by investing in equity and equity-linked securities of Swiss companies. This includes sectors such as pharmaceuticals, food and beverage, industrial goods, banks, and more.
Managed by Schroder Investment Management North America Inc., the Fund leverages in-depth market analysis and a diversified portfolio strategy to offer reliable returns to its investors. With assets under management amounting to approximately $923.1 billion as of June 30, 2023, Schroders brings robust expertise to the table.
The Swiss Helvetia Fund employs a managed distribution plan to provide consistent quarterly cash distributions to its shareholders. As of December 2023, the distribution rate stands at $0.129 per share, equating to an annualized rate of 6.00%, based on the Fund's NAV as of October 31, 2023. These distributions may include net investment income, capital gains, and return of capital, among other sources.
Recent milestones include the successful election of five directors during the 2023 Annual Meeting of Stockholders and the continued partnership with Tait, Weller & Baker, LLP as the Fund's independent registered public accounting firm.
Shares of this closed-end fund are listed on the NYSE and typically trade at a discount to NAV. The Fund's performance and the market price of its shares are influenced by numerous factors, including market conditions and investor sentiment. The Swiss Helvetia Fund remains committed to delivering value to its shareholders through disciplined investment practices and strategic management.
The Swiss Helvetia Fund (NYSE: SWZ) announced a stock repurchase program for 2022, allowing for the purchase of up to 250,000 shares to enhance stockholder value by increasing the Fund's net asset value per share (NAV). The repurchase is subject to federal securities laws, market conditions, and the Fund's ability to raise cash efficiently. The Board retains the right to amend the program at any time. The Fund focuses on long-term capital appreciation through investments in Swiss equity and equity-linked securities.
The Swiss Helvetia Fund, Inc. (NYSE: SWZ) has announced a quarterly distribution of $0.1665 per share of common stock, effective following its annual review of the managed distribution plan. The record date is December 21, 2021, with an ex-dividend date of December 20, 2021, and payment on December 31, 2021. This distribution represents an annualized rate of 6.00% as of October 31, 2021. The Fund's Board may adjust or terminate the plan at any time, which could impact the share price.
The Swiss Helvetia Fund, Inc. (NYSE: SWZ) announced the results of its 2021 Annual Meeting of Stockholders held on September 14, 2021. Key outcomes included the election of five directors for a one-year term: Andrew Dakos, Richard Dayan, Phillip F. Goldstein, Gerald Hellerman, and Moritz A. Sell. Stockholders also ratified the selection of Tait, Weller & Baker, LLP as the independent accounting firm for the year ending December 31, 2021. Additionally, a non-binding proposal to permit the Fund to leverage up to 10% of total assets was approved.
The Swiss Helvetia Fund, Inc. (NYSE: SWZ) announced a change in the location for its 2021 Annual Meeting of Stockholders due to COVID-19 concerns. The meeting will take place on September 9, 2021, at Sullivan & Cromwell LLP's offices in New York City. Stockholders must register in advance by September 7, 2021, to attend, complying with health protocols including proof of vaccination. Those unable to attend can listen in via a dial-in option by contacting the Fund's administrator.
The Swiss Helvetia Fund, Inc. (NYSE: SWZ) has declared a quarterly distribution of $0.13755 per share, effective December 31, 2020. This distribution rate follows an annual review by the Fund's Board. The ex-dividend date is set for December 18, 2020, with the record date on December 21, 2020. The Fund aims to provide consistent distributions under its managed distribution plan, which may include net investment income and capital gains. The annualized distribution rate stands at 6.00% as of October 31, 2020, though it can change based on market conditions.
The Swiss Helvetia Fund, Inc. (NYSE: SWZ) held its 2020 Annual Meeting of Stockholders on September 16, 2020. The meeting's results confirmed the election of five Directors: Andrew Dakos, Richard Dayan, Phillip F. Goldstein, Gerald Hellerman, and Moritz A. Sell, each serving a one-year term. Additionally, stockholders ratified Tait, Weller & Baker, LLP as the Fund's independent registered public accounting firm for the year ending December 31, 2020. The Fund aims for long-term capital appreciation through investments in Swiss equity and equity-linked securities.
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