THE SWISS HELVETIA FUND, INC. ANNOUNCES RESULTS OF THE 2022 ANNUAL MEETING OF STOCKHOLDERS

Rhea-AI Summary

The Swiss Helvetia Fund, Inc. (NYSE: SWZ) held its 2022 Annual Meeting of Stockholders on Sept. 16, 2022. Shareholders elected five directors to serve for one-year terms and approved Tait, Weller & Baker, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2022. The Fund seeks long-term capital appreciation by investing in Swiss equity and equity-linked securities, trading on various stock exchanges. The shares of the Fund are traded on the NYSE under the symbol SWZ.

Positive

• Five directors were successfully elected for a one-year term.
• Shareholders ratified the accounting firm Tait, Weller & Baker, LLP.

Negative

• None.

NEW YORK, Sept. 16, 2022 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a non-diversified registered closed-end investment company (the "Fund"), announced today that the 2022 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, 2022.

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 $939.2 billion in assets under management as of June 30, 2022. 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 2022 Annual Meeting for SWZ?

The 2022 Annual Meeting of Stockholders for SWZ resulted in the election of five directors and the ratification of Tait, Weller & Baker, LLP as the accounting firm.

Who were elected as directors in the 2022 SWZ Annual Meeting?

Andrew Dakos, Richard Dayan, Phillip F. Goldstein, Gerald Hellerman, and Moritz A. Sell were elected as directors.

What is the significance of the SWZ Annual Meeting held on Sept. 16, 2022?

The Annual Meeting allowed shareholders to elect directors and approve the independent accounting firm for the upcoming fiscal year.

Are the shares of the Swiss Helvetia Fund traded at a discount to net asset value?

Like many closed-end funds, shares of the Swiss Helvetia Fund may trade at a discount to their net asset value.