Welcome to our dedicated page for SRH Total Return Fund news (Ticker: STEW), a resource for investors and traders seeking the latest updates and insights on SRH Total Return Fund stock.
SRH Total Return Fund, Inc. reports recurring developments as a NYSE-listed closed-end investment company seeking total return. Its updates center on managed distribution policy activity, quarterly cash distribution declarations, and Section 19(a) notices under the Investment Company Act of 1940. These notices describe estimated distribution sources such as net investment income, realized capital gains, and return of capital, as well as references to net asset value, market price, and the Fund's secondary-market trading characteristics.
The Fund's news also identifies its investment adviser, Paralel Advisors LLC, and discusses closed-end fund mechanics such as cash distributions, NAV-based comparisons, and market-price discounts or premiums.
SRH Total Return Fund, Inc. (NYSE:STEW) announced a $0.1375 per share distribution to stockholders on July 31, 2024. The fund's managed distribution policy allows for the inclusion of capital gains in quarterly distributions. The current distribution sources are: 19.02% net investment income, 14.50% short-term capital gains, and 66.48% long-term capital gains.
The fund's fiscal year-to-date cumulative distributions show 15.64% from net investment income, 6.14% from short-term gains, 56.87% from long-term gains, and 21.35% from return of capital. The fund's annualized distribution rate is 2.96% of NAV, with a cumulative total return of 12.36% for the current fiscal year. The average annual total return over five years is 10.53%.
SRH Total Return Fund, Inc. (NYSE:STEW) will pay a distribution of $0.1375 per share to stockholders of record on April 23, 2024. The fund adopted a managed distribution policy to utilize capital gains for quarterly cash distributions. The estimated distribution sources are disclosed, including net investment income and realized capital gains. Stockholders should not infer investment performance solely from the distribution. The fund may have distributed more than income and gains, potentially including a return of capital. The Fund's managed distribution policy aims to provide long-term total return through regular quarterly distributions, which may involve net investment income, capital gains, and return of capital. The distribution level is monitored by the Board of Directors in relation to the Fund's performance and market conditions. The distribution rate is not equivalent to dividend yield or total return.
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