Mar. 25 at 12:08 AM
$SWZ (Swiss Helvetia Fund) declares
$3.00/share special distribution payable April 7. Major changes ahead: new advisor Bulldog Investors, shifting from Swiss equity focus to broader 'total return' strategy, and renaming to Total Return Securities Fund. NYSE will apply 'due bill' procedures for trades between April 4-7. Managed distributions suspended. Closed-end fund selling most portfolio assets - strategic pivot creates uncertainty but large payout may attract short-term interest. Monitor execution risks.
Link: https://www.prnewswire.com/news-releases/the-swiss-helvetia-fund-inc-declares-special-distribution-of-3-00-per-share-302409855.html