THE SWISS HELVETIA FUND, INC. DECLARES A QUARTERLY DISTRIBUTION OF $0.1665 PER SHARE


NEW YORK, September 8, 2022 /PRNewswire/ — The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a non-diversified registered closed-end investment company (the “Fund”), today announced that the Board of Directors of the Fund has approved a quarterly distribution of $0.1665 per common share of the Fund pursuant to the Fund’s managed distribution plan (the “Plan”). The distribution is subject to the following record, ex-date and payout dates:

Record date: September 21, 2022 Ex-dividend date: September 20, 2022 Payment date: September 30, 2022

The primary objective of the plan is to provide shareholders of the Fund with a more consistent, but not guaranteed, fixed minimum distribution rate on a regular quarterly basis. The plan may also have the effect of reducing the discount to the net asset value per share at which the shares of the Fund trade.

Distributions under the plan may consist of net investment income, net short-term realized capital gains, net long-term realized capital gains and, to the extent necessary, return of capital (or other sources of capital). With each distribution that does not consist solely of net investment income, the Fund will issue a notice to shareholders and a related press release that will provide detailed information about the amount and composition of the distribution, as well as certain other related information. The Fund expects to issue such notice and press release on or about the distribution payment date.

The amounts and sources of distributions reported in each notice will be estimated, are subject to change over time and are not provided for tax reporting purposes. Actual amounts and sources of amounts for accounting and tax reporting purposes will depend on the Fund’s investment experience over its full financial year and may be subject to change based on tax regulations. The Fund will send each shareholder a Form 1099-DIV for the calendar year which will instruct shareholders how to report distributions for federal income tax purposes.

The current distribution amount of $0.1665 per common share of the Fund equates to an annualized distribution rate of 6.00% based on the net asset value per share of the Fund, or net asset value, as of October 31, 2021. The annualized rate is expected to change over time as the net asset value of the Fund varies. The Board will periodically review the terms of the Plan, including at least annually, to determine whether to adjust the amount or calculation of the distribution rate, which may be affected by many factors, including changes in realized and projected market returns, Fund performance and other factors. The Board may modify the terms of the Plan or terminate the Plan at any time without notice to the shareholders of the Fund. The amendment or termination of the Plan could have an adverse effect on the market price of the common shares of the Fund.

Unless otherwise determined by a shareholder, distributions declared under the plan will be automatically reinvested in common shares of the Fund, as contemplated by the automatic dividend reinvestment plan of the Fund.

About Swiss Helvetia Fund, AG

The Fund (www.swzfund.com) is a non-diversified closed-end investment company which seeks long-term capital appreciation by investing in equity and equity-like 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-like securities which are traded on a Swiss stock exchange, traded at the pre-exchange level of one or more Swiss stock exchanges, traded by the intermediary of a market maker or traded without a prescription in Switzerland. The Fund may also invest in Swiss equities and equity-like securities of Swiss companies which are traded on other major European stock exchanges.

Closed-end funds, unlike open-ended funds, are not offered continuously. Typically, shares of closed-end funds are sold on the open market through an exchange. Shares of closed-end funds often trade at a discount to net asset value. The price of shares in the Fund is determined by a number of factors, many of which are beyond the control of the Fund. Accordingly, 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, US SEC-registered investment advisers, 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 state 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 office networks of any dedicated asset management firm with over 500 portfolio managers and analysts covering global investment markets, offering a full range of products and services.

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

This press release does not constitute an offer to sell or a solicitation to buy, and there will be no sale of shares of the Fund in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the laws of that state or jurisdiction.

Contact: Jennifer Brogadir212-641-3863

View original content: https://www.prnewswire.com/news-releases/the-swiss-helvetia-fund-inc-declares-quarterly-distribution-of-0-1665-per-share-301620698.html

SOURCE Swiss Fund Helvetia, SA.

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