The Swiss Helvetia Fund, Inc. Announces Results Of The 2020 Annual Meeting Of Stockholders

Rhea-AI Summary

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.

Positive

• Election of five directors for a one-year term, providing continuity in leadership.
• Ratification of Tait, Weller & Baker, LLP as the independent accounting firm, ensuring compliance and transparency.

Negative

• None.

NEW YORK, Sept. 16, 2020 /PRNewswire/ --The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a non-diversified registered closed-end investment company (the "Fund"), announced today that the 2020 Annual Meeting of Stockholders was held as scheduled and concluded.  Based upon the voting results, 1) Andrew Dakos, Richard Dayan, Phillip F. Goldstein, Gerald Hellerman and Moritz A. Sell were elected as Directors to serve for a one-year term until the next annual meeting of stockholders and until his respective successor is duly elected and qualifies and 2) stockholders ratified the selection by the Fund's Board of Directors of Tait, Weller & Baker, LLP as the Fund's independent registered public accounting firm for the year ending December 31, 2020.

About The Swiss Helvetia Fund, Inc.

The Fund (www.swzfund.com) is a non-diversified, closed-end investment company seeking long-term capital appreciation through investment in equity and equity-linked securities of Swiss companies. Its shares are listed on the NYSE under the symbol "SWZ." The Fund seeks to achieve its investment objective by investing generally in Swiss equity and equity-linked securities that are traded on a Swiss stock exchange, traded at the pre-bourse level of one or more Swiss stock exchanges, traded through a market maker or traded over the counter in Switzerland. The Fund also may invest in Swiss equity and equity-linked securities of Swiss companies that are traded on other major European stock exchanges.

Closed-end funds, unlike open-end funds, are not continuously offered. Typically, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of the Fund's shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below or above net asset value.

The Fund is managed by Schroder Investment Management North America Inc.

About Schroder Investment Management North America Inc.

Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, investment advisors registered with the U.S. SEC, are units of Schroders plc (SDR.L), a global asset management company with approximately $649.6 billion in assets under management as of June 30, 2020. Schroder's clients include major financial institutions including banks and insurance companies, as well as local and public authorities, public and private pension funds, endowments and foundations, intermediaries and advisors, as well as high net worth individuals and retail investors. The firm has built one of the largest networks of offices of any dedicated asset management company with more than 500 portfolio managers and analysts covering the world's investment markets, offering a comprehensive range of products and services.

Schroder Investment Management North America Inc. provides asset management products and services to clients in the U.S. and Canada. Schroder Investment Management North America Inc. is an indirect, wholly-owned subsidiary of Schroders plc, a U.K. public company with shares listed on the London Stock Exchange.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of the Fund's shares in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Contact:
Jennifer Brogadir
212-641-3863

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SOURCE The Swiss Helvetia Fund, Inc.

FAQ

What were the results of the 2020 Annual Meeting of Stockholders for SWZ?

The 2020 Annual Meeting concluded with the election of Andrew Dakos, Richard Dayan, Phillip F. Goldstein, Gerald Hellerman, and Moritz A. Sell as Directors, and the ratification of Tait, Weller & Baker, LLP as the independent accounting firm.

When was the Annual Meeting of Stockholders for SWZ held?

The Annual Meeting of Stockholders for The Swiss Helvetia Fund, Inc. was held on September 16, 2020.

Who were elected as Directors for SWZ in 2020?

The elected Directors for SWZ were Andrew Dakos, Richard Dayan, Phillip F. Goldstein, Gerald Hellerman, and Moritz A. Sell.

Who is the independent accounting firm for SWZ for 2020?

Tait, Weller & Baker, LLP was ratified as the independent accounting firm for The Swiss Helvetia Fund, Inc. for the year ending December 31, 2020.