Swiss Helvetia declares distributions, 2013 stock repurchase program

theflyonthewall.com

The Board of Directors of The Swiss Helvetia Fund announced the declaration of a net investment income distribution in the amount of 5.3c per share. The distribution will be paid on December 28, in cash, to stockholders of record on December 21. The distributions will trade "ex-dividend" on December 19. The Fund's Board of Directors also announced a new stock repurchase program for the Fund, pursuant to which the Fund may purchase up to 500,000 shares of its common stock during 2013 in open market transactions to be effected on the New York Stock Exchange. The principal purpose of the stock repurchase program is to enhance stockholder value by increasing the Fund's net asset value per share without creating a meaningful adverse effect on the Fund's expense ratio.

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