Swiss Helvetia Fund Planning Strategic Meeting for Stockholders

Swiss Helvetia Fund Prepares for Important Stockholder Meeting

In a significant development for its investors, Swiss Helvetia Fund, Inc. (NYSE: SWZ) has initiated the process of convening a special meeting aimed at reviewing essential proposals that could influence the fund's future direction. This meeting is intended to address critical updates regarding the Fund's investment strategies, particularly concerning potential collaborations and adjustments to its investment objectives.

Key Proposals Under Review

The Fund's agenda for this meeting includes two focal proposals. Firstly, it aims to discuss the establishment of an investment advisory agreement with Bulldog Investors, LLP. This partnership is viewed as a key step toward optimizing investment decisions and enhancing performance. Secondly, the Fund plans to consider modifications to its existing investment objectives and restrictions. These adjustments are designed to broaden the scope of investments, allowing the Fund to pursue more diversified opportunities in alignment with its updated goals.

Potential Impact on Investors

An intriguing aspect of the upcoming meeting involves the planned special cash distribution for stockholders, should they approve all proposals. The Board of Directors anticipates declaring a cash distribution that may represent approximately 30% of the Fund’s net assets, primarily sourced from long-term capital gains. Such distributions can provide a compelling return for investors, particularly in light of fluctuating market conditions.

Future Stock Actions and Shares Tender Offer

Following the planned distribution, there is a carefully structured response if the Fund's shares experience a significant discount to their net asset value (NAV). If shares trade at a discount exceeding 10% for ten consecutive business days, the Board intends to implement a tender offer to repurchase at least 15% of the outstanding shares. This step is designed to stabilize share value and enhance overall investor confidence.

Voting and Stakeholder Participation

Effective participation from stockholders is crucial for this meeting's outcomes. Only individuals who hold shares as of the specified date will be eligible to vote. The Board encourages those unable to attend to submit their votes via proxy, which can help minimize costs associated with acquiring additional votes for quorum purposes.

Important Disclosure Information

While the Fund moves forward with these plans, it is important to note that this announcement should not be interpreted as a tender offer or a solicitation. The necessary materials and statements will be filed with the appropriate regulatory bodies, ensuring compliance with all relevant laws. Investors will receive comprehensive information when it becomes available, and they are advised to review these documents closely.

Contact Information for Inquiries

For those seeking additional details, InvestorCom serves as the Fund’s official information agent. They can provide answers to queries and address concerns regarding the special meeting. Interested parties can reach out at (877) 972-0090.

Frequently Asked Questions

What is the Swiss Helvetia Fund planning to discuss in the meeting?

The Fund will review proposals for a new investment advisory agreement and changes to investment objectives.

How will the proposed cash distribution affect shareholders?

Shareholders may receive a distribution equating to approximately 30% of the Fund’s net assets, enhancing returns for investors.

What action will be taken if shares trade at a discount?

If shares are at a discount exceeding 10% for ten business days, a tender offer for repurchasing at least 15% of shares may be initiated.

How can stockholders participate in the meeting?

Eligible stockholders can vote in person or by proxy, ensuring their views are represented.

Who can stockholders contact for more information?

InvestorCom is the Fund’s information agent and can be contacted at (877) 972-0090 for questions related to the meeting.

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