U.S. markets closed

The Swiss Helvetia Fund Inc. (SWZ)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
9.61-0.06 (-0.62%)
At close: 4:00PM EDT
Sign in to post a message.
  • S
    Saint Preferred
    "...(the "Fund"), announced today that due to concerns regarding COVID-19 the location of the Fund's 2021 Annual Meeting of Stockholders will be held at 125 Broad Street, New York, New York at the offices of Sullivan & Cromwell LLP. "

    They've bought the fake covid nonsense as well...
  • H
    Howard
    The August 23rd announcement is complicated. It appears to be a cross between open-ending and outright dissolution. The fact payout of liquidation will be in shares rather than cash tells me SWZ continues, but it appears that discount is narrowed and long-time shareholders get "rewarded" with assets priced near market-value. This is a tough one to dissect.
  • #
    #
    big drop pre market. anyone know why? right before the x dividend date
  • d
    drcasey
    Do I understan this right-
    we get $4.91 per share dividend,either cash or new stock?
    then tender offer -SWZ will pay ius for our share = 98% of the NAV.
    since it is always trading at a discount to NAV,98% of NAV wil be more than the stock price.
    then what happens to SWZ the fund,what is left,is there any thing left?
  • H
    Howard
    They have adopted a managed distribution policy. That seems to be the standard operating procedure for helping to narrow CEF discounts. I am ambivalent on this move. It means return of capital when dividends aren't up to the 6% level, which is generally the case. But if you are a long-term investor and reinvest--it makes little difference but may add to tax burden. I don't think the open-ending will pass. Besides, this is a unique actively-managed animal in the Swiss space--glad it is around.
  • W
    WilliamW
    Everyone voting for open-ending the fund? I certainly am.
  • w
    werner
    SWZ should open end . the management has done a poor job. we need a big change Werner
    Neutral
  • J
    Jerry W
    I've held through the dividend. What is the group view on this as an investment?
  • H
    Harold
    did anyone notice in 3rd quarter report that executives and other employees will be resigning at end of year
    link to report https://www.schroders.com/en/sysglobalassets/digital/us/swz/swiss-helvetia-fund-qr-9-30-18.pdf
    quote from report (second paragraph)

    "Note 3—Subsequent Events
    On November 20, 2018, pursuant to the Fund’s previously announced Tender Offer, the Fund
    accepted for cash purchase 24,638,918 shares of the Fund’s common stock at a price equal to $7.86
    per share, which represents 98% of the Fund’s NAV per share of $8.02 as of the close of the regular
    trading session of the New York Stock Exchange on November 19, 2018. As a result of the purchase
    of the 24,638,918 shares, the Fund has 13,267,110 shares of common stock outstanding.

    The Fund has been informed that the Fund’s Executive Officers and other officers that are
    employees of Schroder Investment Management North America, Inc., Schroder Investment
    Management North America Ltd., or their respective affiliates will resign as officers of the Fund on
    or about December 31, 2018. The Board is evaluating its options but intends to identify appropriate
    replacements for required officers, which could result in additional cost to the Fund."
  • d
    drcasey
    Big changes to SWZ-
    NEW NAME,NEW FUND MANAGER,WILL LIQUIDATE ALL PUBLICLY HELD SWISS SECURITIES AND INVEST DIFFERENTLY.
    HOW ARE YOU GUYS GOING TO VOTE?
  • Y
    Yahoo Finance Insights
    SWZ is down 4.90% to 7.95
  • Y
    Yahoo Finance Insights
    Swiss Helvetia Fund reached a 52 Week high at 8.96
  • d
    drcasey
    any one opting to tender their shares?
    book value not too far from listed price,98% of listed price aint much to write home about
  • Y
    Yahoo Finance Insights
    SWZ reached a 52 Week low at $6.88
  • M
    Martin
    Anybody know why the dividend has slipped over the past few years?
  • Y
    Yahoo Finance Insights
    SWZ reached a new All Time High at 13.49
  • Y
    Yahoo Finance Insights
    SWZ reached a new 52 Week Low at $7.08
  • Y
    Yahoo Finance Insights
    SWZ reached a new 52 Week Low at $8.11
  • Y
    Yahoo Finance Insights
    SWZ reached a new 52 Week Low at $7.86
  • Y
    Yahoo Finance Insights
    SWZ reached a new 52 Week Low at $8.22