THE SWISS HELVETIA FUND, INC. DECLARES QUARTERLY DISTRIBUTION AT NEW RATE OF $0.1458 PER SHARE

Rhea-AI Summary

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.

Positive

• New quarterly distribution of $0.1458 per share announced
• Managed distribution plan provides consistent quarterly payments to shareholders

Negative

• None.

Insights

Financial Analyst

The Swiss Helvetia Fund's new quarterly distribution of $0.1458 per share marks a significant development for income-seeking investors. This managed distribution plan demonstrates the fund's commitment to providing regular income streams to stockholders, though it's worth noting that these distributions aren't guaranteed. The distribution structure, which can include a mix of net investment income, capital gains and return of capital, offers flexibility in how the fund manages its payouts. For a closed-end fund with a market cap of $102.7 million, maintaining consistent distributions is important for investor retention and market positioning. The timing of the announcement, with payment scheduled before year-end, also has tax implications for investors planning their 2024 income strategies.

NEW YORK, Dec. 6, 2024 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (NYSE: SWZ) (the "Fund"), announced today a quarterly distribution of $0.1458 per share of the Fund's common stock pursuant to the Fund's managed distribution plan (the "Plan") payable as follows:

Record Date:	December 17, 2024
Ex-Dividend Date:	December 17, 2024
Payment Date:	December 31, 2024

The primary purpose of the Plan is to provide stockholders with consistent, but not guaranteed, quarterly distributions.  Distributions may consist of net investment income, net realized short-term and long-term capital gains, and return of capital. With each distribution that does not consist solely of net investment income, the Fund will issue a notice to stockholders providing estimates of the composition of the distribution. After the end of 2024, for accounting and tax reporting purposes, the actual composition of the distributions for the calendar year will be reported to each stockholder on a Form 1099-DIV.

Additional information regarding the Fund may be obtained by calling U.S. Bancorp Fund Services, LLC, the Fund's Administrator at (414) 516-1514.

Contact: 
Jennifer Brogadir
212-641-3863

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SOURCE The Swiss Helvetia Fund, Inc.

FAQ

What is the new quarterly distribution rate for Swiss Helvetia Fund (SWZ)?

The Swiss Helvetia Fund (SWZ) has declared a quarterly distribution of $0.1458 per share.

When is the payment date for Swiss Helvetia Fund's (SWZ) latest quarterly distribution?

The payment date for the quarterly distribution is December 31, 2024.

What is the record date and ex-dividend date for SWZ's December 2024 distribution?

Both the record date and ex-dividend date are December 17, 2024.

What types of income may be included in SWZ's quarterly distributions?

The distributions may consist of net investment income, net realized short-term and long-term capital gains, and return of capital.