Press Releases

Announces subscription price for rights offereing


The Swiss Helvetia Fund, Inc. (NYSE: SWZ) announced today that its rights offering (the "Offer"), which commenced on May 24, 2007 and expired on June 22, 2007, was over-subscribed. The Offer entitled the rights holders to subscribe for up to an aggregate of 8,149,552 shares of the Fund's common stock. In accordance with the terms of the Offer, the subscription price of $16.60 represents 92.5% of the average of the last reported sales price of a share of the Fund's common stock on the New York Stock Exchange for the last five trading days ended June 22, 2007.

On or about June 29, 2007, the Subscription Agent for the Offer, The Colbent Corporation, will send to each exercising rights holder, or his or her nominee, a confirmation showing: (i) the number of shares purchased pursuant to the primary subscription; (ii) the number of shares, if any, purchased pursuant to the over-subscription privilege; and (iii) the per share and total purchase price for the shares. Shares issued pursuant to the Offer will be distributed to exercising rights holders as soon as practicable thereafter, subject to receipt of full payment for the shares.

UBS Investment Bank acted as Dealer Manager for the Offer.

Stockholders who have questions regarding the Offer should contact the Information Agent for the Offer, Georgeson, Inc., at 1-800-561-3947. 

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The Swiss Helvetia Fund, Inc. is a non-diversified, closed-end management investment company seeking long-term capital appreciation through investment primarily in equity and equity-linked securities of Swiss companies. Its shares are listed on the New York Stock Exchange under the symbol "SWZ." Because the Fund is non-diversified, it can take larger positions in fewer companies, thereby increasing its overall risk profile. Investments in securities of foreign companies present greater risks including currency fluctuations and changes in political and economic conditions. Foreign securities markets generally exhibit greater price volatility and are less liquid than U.S. markets.

Shares of closed-end investment companies 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.

Before investing in the Fund, investors should carefully consider the investment objective, strategies, risks, and charges and expenses of the Fund. This information, and other information about the Fund, can be found in the Fund's prospectus on file with the Securities and Exchange Commission. An investor should carefully read the Fund's prospectus before investing.


The Fund is managed by Hottinger Capital Corp. For further information, please contact Rudolf Millisits, Executive Vice President of Hottinger Capital Corp., at 1-888-SWISS-00 or 1-212-332-2760, 1270 Avenue of the Americas, Suite 400, New York, New York, 10020.