Announce a 250,000 share increase in its authorized stock repurchase program
THE SWISS HELVETIA FUND, INC. ANNOUNCES A 250,000 SHARE INCREASE IN ITS AUTHORIZED STOCK REPURCHASE PROGRAM
The Board of Directors of The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a closed-end investment company, announced today that it has increased its authorization for openmarket repurchases under the Fund's 2005 stock repurchase program from 250,000 shares to 500,000 shares of its common stock during 2005. 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 upon the Fund's expense ratio. The Fund has repurchased 25,600 of its shares in open-market transactions during 2005.
The Fund is a non-diversified, closed-end investment company whose objective is to seek long-term capital appreciation through investment in equity and equity-linked securities of Swiss companies. The Fund is managed by Hottinger Capital Corp. and is listed on the New York Stock Exchange under the symbol SWZ.
For further information regarding the Fund, please contact Rudolf Millisits, Executive Vice President of Hottinger Capital Corp. at 1-888-SWISS-00 or (212) 332-2760, 1270 Avenue of the Americas, Suite 400, New York, New York, 10020.