| Previous Close | 7.38 |
| Open | 7.30 |
| Bid | 0.08 x 900 |
| Ask | 0.00 x 1000 |
| Day's Range | 7.21 - 7.30 |
| 52 Week Range | 7.21 - 13.74 |
| Volume | 111,223 |
| Avg. Volume | 105,054 |
| Market Cap | 274.818M |
| Beta (3Y Monthly) | -0.14 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 19.64 (249.56%) |
| Ex-Dividend Date | 2018-09-17 |
| 1y Target Est | N/A |
NEW YORK, Nov. 19, 2018 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (SWZ), a non-diversified registered closed-end investment company, announced today that its tender offer (the "Offer") to acquire, in exchange for cash, up to 24,638,918 shares of the Fund's common stock, representing approximately 65% of the issued and outstanding shares of the Fund, expired at 5:00 p.m., Eastern Time, on November 16, 2018 (the "Expiration Date"). Based on preliminary information provided by American Stock Transfer & Trust Company, LLC, the depositary for the Offer, 26,024,543 shares of the Fund's common stock, or approximately 68.7% of the Fund's issued and outstanding shares, were validly tendered by the Expiration Date. The number of shares that will be purchased by the Fund from each stockholder will be prorated based on the aggregate number of shares validly tendered by all stockholders divided by 24,638,918, at a price equal to 98% of the Fund's net asset value per share determined as of the close of the regular trading session of the New York Stock Exchange today, November 19, 2018.
NEW YORK, Oct. 22, 2018 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (SWZ), a non-diversified registered closed-end investment company, announced today the commencement of a one-time tender offer (the "Offer") on the terms and conditions set forth in the Fund's offer to purchase and the related letter of transmittal, which are being mailed to the Fund's stockholders commencing today. Pursuant to the Offer, the Fund is offering to purchase, in exchange for cash, up to 65% of its outstanding shares of common stock at a price equal to 98% of the Fund's net asset value ("NAV") per share as of the close of regular trading on the New York Stock Exchange ("NYSE") on the business day immediately following the day the Offer expires.
Holders of 19,988,878 shares elected to receive the dividend all in cash and will receive $1.24 per share in cash (25%) and $3.67 per share in shares of the Fund's common stock (75%). The Fund (www.swzfund.com) is a non-diversified, closed-end investment company seeking long-term capital appreciation through investment in equity and equity-linked securities of Swiss companies.
NEW YORK, Sept. 7, 2018 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (the "Fund") (SWZ) today announced that its Board of Directors declared a dividend of $4.91 per share of common stock, $0.001 par value per share, payable on October 19, 2018 to common stockholders of record as of the close of business on September 18, 2018. As previously announced, the Fund's Board of Directors approved a tender offer to purchase up to 65% of the Fund's outstanding shares for cash at a price equal to 98% of the net asset value per share on the expiration date for the tender offer. The dividend declared today is part of the Fund's previously reported intention to (1) dispose of a significant portion of its portfolio securities in an orderly fashion, and (2) distribute substantially all of its estimated realized capital gains to stockholders.
NEW YORK, Aug. 23, 2018 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (SWZ) (the "Fund") today announced that the Board of Directors (the "Board") has approved a tender offer to purchase up to 65% of the Fund's outstanding shares for cash at a price equal to 98% of the net asset value per share on the expiration date. The tender offer is expected to commence promptly following the completion of the distribution described below and to be completed during the fourth quarter of 2018. In accordance with the rules of the U.S. Securities and Exchange Commission, the Fund may purchase in the tender offer additional shares of the Fund not to exceed 2% of the Fund's outstanding shares without amending or extending the tender offer.
Mr. Dayan is the President and owner of Cactus Trading, an importer and exporter of clothing and accessories. He serves as a board member of Putnam High Income Securities Fund, and previously served on the board of directors of Emergent Capital, Inc. Previously, Mr. Dayan served for 10 years as Chief Financial Officer of Biltmore Textiles, and was an auditor for an independent registered public accounting firm. The Board has concluded that Mr. Dayan satisfies the Fund's director qualification standards in light of his tenure as a senior executive officer of various industrial businesses, and that he does not have any conflicts of interest that would preclude him from serving as a Class I Director of the Fund. The Fund (www.swzfund.com) is a non-diversified, closed-end investment company seeking long-term capital appreciation through investment in equity and equity-linked 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-linked securities that are traded on a Swiss stock exchange, traded at the pre-bourse level of one or more Swiss stock exchanges, traded through a market maker or traded over the counter in Switzerland. The Fund also may invest in Swiss equity and equity-linked securities of Swiss companies that are traded on other major European stock exchanges.
NEW YORK, July 3, 2018 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (SWZ), a non-diversified registered closed-end investment company, announced today that First Coast Results, Inc., the independent inspector of election for the Fund's Annual Meeting of Stockholders held on June 19, 2018, has certified the final voting results regarding the proposals presented at the Annual Meeting. The final voting results differ slightly from the preliminary voting results announced by the Fund on June 25, 2018, although there are no changes in the outcomes of any proposals. The final voting results are summarized below. Goldstein and Hellerman have been elected by stockholders as Class III Directors of the Fund, to serve a two-year term of office until the Fund's 2020 Annual Meeting of Stockholders, or until their respective successors are duly elected and qualify.
The Fund's current fiscal year began on January 1, 2018. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
NEW YORK , June 25, 2018 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a non-diversified registered closed-end investment company, announced today that First Coast Results, Inc., the independent ...
NEW YORK , June 12, 2018 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a non-diversified registered closed-end investment company, announced today a quarterly distribution of $0.2025 per share ...
NEW YORK, June 8, 2018 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (SWZ), a non-diversified registered closed-end investment company, announced today that Institutional Shareholder Services, Inc. (ISS) and Glass, Lewis & Co., LLC (Glass Lewis), two leading independent corporate governance analysis firms, released their voting recommendations for the Fund's Annual Meeting of Stockholders, which is scheduled to be held at 9:30 a.m., on Tuesday, June 19, 2018, at the offices of Proskauer Rose LLP, Eleven Times Square, 27th Floor, New York, New York 10036.
NEW YORK , May 29, 2018 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a non-diversified registered closed-end investment company, announced today that the Fund's Board of Directors has approved ...
NEW YORK, Dec. 7, 2017 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (SWZ), a non-diversified registered closed-end investment company, announced today that the Fund's Board of Directors has approved an amendment and restatement of the Fund's By-Laws. A copy of the Fund's Amended and Restated By-Laws has been filed with the Securities and Exchange Commission on Form 8-K and is available at www.sec.gov. The Board also has authorized the Fund to file an application for exemptive relief with the Securities and Exchange Commission, which would permit the Fund to distribute long-term capital gains more frequently than once per year as permitted by the Investment Company Act of 1940, as amended. This exemptive relief is necessary to enable the Fund to implement a managed distribution plan.
NEW YORK, Dec. 4, 2017 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (SWZ), a non-diversified registered closed-end investment company, announced today that its Board of Directors declared a distribution of $0.12 per share, consisting entirely of net investment income. The distribution will be paid on December 22, 2017 to stockholders of record on December 15, 2017. The distribution will trade "ex-dividend" on December 14, 2017. The Fund will send stockholders a Form 1099-DIV for calendar year 2017 in early 2018 informing them of how to report this distribution for federal income tax purposes. Any repurchase by the Fund of its common stock is subject to various factors, including the limitations imposed by the federal securities laws governing the repurchase of an issuer's stock by the issuer, the ability of the Fund's investment adviser to raise cash to repurchase shares of the Fund's common stock in a tax-efficient manner and general market conditions. There can be no assurance that the program will enhance stockholder value or increase the market value of the Fund's shares. The Fund's Board of Directors may amend this program, solely in its discretion, at any time during the duration of the program.