The Swiss Helvetia Fund, Inc. Declares Short-Term and Long-Term Capital Gain Distributions, Payable on August 12, 2016; Announces Appointment of Margaret M. Cannella as Class I Director
June 24, 2016 at 03:59 am IST
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The Swiss Helvetia Fund Inc. announced that its Board of Directors declared distributions consisting of $0.021 short-term capital gains and $0.185 long-term capital gains for a total distribution of $0.206 per share. The distributions will be paid on August 12, 2016, in the form of stock, with an option to take cash, to stockholders of record on July 8, 2016. The distributions will trade ex-dividend on July 6, 2016.
The Board of Directors also approved the appointment of Ms. Margaret M. Cannella as a non-interested Class I Director of the Fund for a three-year term. Ms. Cannella currently is an adjunct professor at Columbia Business School. She is on the Board of Advance Pierre Foods, Watford Reinsurance and the Schroder family of mutual funds advised by Schroder Investment Management North America Inc., the Fund's investment adviser. Ms. Cannella retired in 2009 from JP Morgan after more than 30 years in financial services, where she served, among other positions, as a Managing Director and Head of Global Credit Research and Head of North American Equity and Credit Research.
The Swiss Helvetia Fund, Inc. (the Fund) is a non-diversified, closed-end investment company. The Fund's investment objective is to seek long-term growth of capital through investment in equity and equity-linked securities of Swiss companies. The Fund may also acquire and hold equity and equity-linked securities of non-Swiss companies in limited instances. The Fund primarily invests in securities of Swiss issuers. The Fund also invests in various industries, such as banks, biotechnology, building materials, chemicals, computers, diversified financial services, electric, electronic components and equipment, food, healthcare products, industrials, insurance, machinery-diversified, metal fabricate/hardware, packaging and containers, pharmaceuticals, private equity, retail, semiconductors, preferred stock, short-term investment, and transportation. Schroder Investment Management North America Inc. acts as an investment advisor for the Fund.
The Swiss Helvetia Fund, Inc. Declares Short-Term and Long-Term Capital Gain Distributions, Payable on August 12, 2016; Announces Appointment of Margaret M. Cannella as Class I Director
THE SWISS HELVETIA FUND INC. 
