Announces revised net asset value information
THE SWISS HELVETIA FUND, INC. ANNOUNCES REVISED NET ASSET VALUE INFORMATION
New York, New York—July 23, 2014
As previously reported, on June 4, 2014, The Swiss Helvetia Fund, Inc. (the "Fund") declared a $0.182 distribution per share, comprised of net investment income and short-term capital gain distributions in the amount of $0.040 per share and $0.142 per share, respectively. This distribution will be paid on July 24, 2014, in the form of stock, with an option to take cash, to the Fund's stockholders of record on June 18, 2014. The Fund's shares went "ex-dividend" on June 16, 2014. The Fund's net asset value ("NAV") per share should have been reduced by the amount of the distribution on that date, but inadvertently was not. As a result, the Fund's published NAV per share for each date during the period June 16, 2014 through July 21, 2014 was overstated by $0.182. The Fund has recalculated its NAV to account for the amount of the distribution and the revised NAV now appears on the Fund's website. The Fund did not issue or repurchase any shares during the period.
As a reminder, the Fund's web domain name and contact information changed as of July 1, 2014 when Schroder Investment Management North America Inc. commenced serving as the Fund's investment adviser. The Fund's new website is www.swzfund.com. For information on the Fund going forward, please visit www.swzfund.com, call (800) 730-2932 or email firstname.lastname@example.org.
About The Swiss Helvetia Fund, Inc.
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.
Closed-end funds, unlike open-end funds, are not continuously offered. Typically, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of the Fund's shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below or above net asset value.
The Fund is managed by Schroder Investment Management North America Inc.
About Schroder Investment Management North America Inc.
Schroder Investment Management North America Inc. is a unit of Schroders plc (SDR.L), a global asset management company with approximately $446.8 billion under management as of March 31, 2014. Schroder's clients include major financial institutions including banks and insurance companies, as well as local and public authorities, public and private pension funds, endowments and foundations, intermediaries and advisors, as well as high net worth individuals and retail investors. The firm has built one of the largest networks of offices of any dedicated asset management company with more than 400 portfolio managers and analysts covering the world's investment markets, offering a comprehensive range of products and services.
Schroder Investment Management North America Inc. is an investment advisor registered with the U.S. SEC. It provides asset management products and services to clients in the U.S. and Canada. Schroder Investment Management North America Inc. is an indirect, wholly-owned subsidiary of Schroders plc, a U.K. public company with shares listed on the London Stock Exchange.
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of the Fund's shares in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.