Announces changes to the fund's fundamental investment policies and restrictions
THE SWISS HELVETIA FUND, INC. ANNOUNCES CHANGES TO THE FUND'S FUNDAMENTAL INVESTMENT POLICIES AND RESTRICTIONS
On June 8, 2006, at the Annual Meeting of Stockholders, stockholders of The Swiss Helvetia Fund, Inc. (the "Fund") (NYSE: SWZ), a closed-end investment company, approved changes to the Fund's fundamental investment policies and restrictions to permit the Fund to:
(a) leverage up to 10% of its total assets (including the amount borrowed);
(b) invest in equity and equity-linked securities issued by Swiss real estate companies, including real estate investment trusts ("REITs") or REIT-like structures;
(c) acquire equity and equity-linked securities of non-Swiss companies in limited instances; and
(d) engage in certain options transactions.
Stockholders also elected Directors and ratified the selection of Deloitte & Touche LLP as the Fund's independent registered public accounting firm for the year ending December 31, 2006.
The Fund is managed by Hottinger Capital Corp. 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.