Announces stockholder approval of new investment advisory arrangements with Schroders
THE SWISS HELVETIA FUND, INC. ANNOUNCES STOCKHOLDER APPROVAL OF NEW INVESTMENT ADVISORY ARRANGEMENTS WITH SCHRODERS
New York, New York— June 27, 2014
The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a non-diversified registered closed-end investment company, announced today that, at the Fund's 2014 Annual Meeting of Stockholders (the "Meeting") held earlier today, the Fund's stockholders approved Schroder Investment Management North America Inc. and its affiliate, Schroder Investment Management North America Limited (together, "Schroders"), to serve as the Fund's new investment adviser and sub-adviser, respectively. As a result, Schroders will commence providing advisory services to the Fund on July 1, 2014.
The complete voting results of the matters voted upon at the Meeting, including the approval and election of the Fund's Class II Directors, will be available on the Fund's website (www.swz.com), and will be included in the Fund's semi-annual report to stockholders for the period ending June 30, 2014.
About The Swiss Helvetia Fund, Inc.
The Fund (www.swz.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. The Fund may acquire and hold equity and equity-linked securities of non-Swiss companies in limited circumstances.
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.
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.