Swiss Helvetia Fund Announces $0.129 Quarterly Distribution
Swiss Helvetia Fund Declares Quarterly Distribution
The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a registered closed-end investment company, has declared a significant quarterly distribution of $0.129 per share of its common stock. This distribution aligns with the Fund's managed distribution plan, aiming to provide stockholders with a predictable rate of return.
Distribution Details and Dates
This distribution is set according to specific record, ex-dividend, and payment dates. Stockholders should note these dates as they play a critical role in investment planning and strategy. The distribution will be automatically reinvested in shares of the Fund’s common stock unless stockholders choose to opt-out.
Understanding the Managed Distribution Plan
The managed distribution plan is designed to provide stability in distributions, allowing stockholders to benefit from a steady income stream. While this plan aims to maintain a consistent payout, the actual distribution can vary based on various market factors and the Fund's performance.
Effect on Stockholder Returns
The current distribution translates to an annualized rate of 6.00%, referencing the Fund's net asset value. However, this rate is subject to change as the value of the investments fluctuates, and the Board regularly reviews the terms of the plan.
Composition of Distributions
Distributions may include net investment income, realized capital gains, and potentially a return of capital. Each distribution announcement will come with detailed information on its composition, which is crucial for stockholders' tax reporting.
About The Swiss Helvetia Fund, Inc.
The Fund specializes in pursuing long-term capital appreciation through investments primarily in equity and equity-linked securities from Swiss companies. Its shares are publicly traded on the NYSE under the ticker symbol "SWZ." The Fund's investment strategy focuses on high-potential Swiss stocks, providing a targeted approach to equity investment.
Management and Strategy
The management of the Fund is entrusted to Schroder Investment Management North America Inc., a well-regarded firm in the investment management sector, known for its extensive experience and global asset management capabilities.
Investor Communication
It is essential for stockholders to stay informed about their investments. The Fund will continue to communicate substantial details regarding distributions and any changes to the managed distribution plan.
Frequently Asked Questions
What is the declared distribution amount for the current quarter?
The declared distribution amount for the current quarter is $0.129 per share.
When are the record and payment dates for the distribution?
The record date is September 19, and the payment date is September 30.
What is the purpose of the managed distribution plan?
The managed distribution plan aims to provide stockholders with a consistent income stream through fixed distributions on a quarterly basis.
Who manages The Swiss Helvetia Fund?
Schroder Investment Management North America Inc. manages The Swiss Helvetia Fund.
How can stockholders stay informed about their distributions?
The Fund will issue notices to stockholders regarding the amounts and sources of distributions and additional related information.
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