Press Releases

Declares ordinary income dividend and long term capital gain distribution

THE SWISS HELVETIA FUND, INC. DECLARES ORDINARY INCOME DIVIDEND AND LONG TERM CAPITAL GAIN DISTRIBUTION

05/20/2004

The Board of Directors of the The Swiss Helvetia Fund, Inc., a closed-end investment company, announced today the declaration of an ordinary income dividend in the amount of $0.186 per share ($0.108 per share derived from net investment income and $0.078 per share derived from short-term capital gains) and a long-term capital gain distribution in the amount of $0.031 per share. The dividend and distribution will be paid on June 18, 2004 to stockholders of record on June 7, 2004. The shares will trade "ex-dividend" on June 3, 2004. 

The Fund is a non-diversified, closed-end investment company whose objective is to seek long-term capital appreciation through investment in equity and quity-linked securities of Swiss companies. The Fund is managed by Hottinger Capital Co. 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.