SRH Total Return Fund, Inc. Declares Quarterly Distribution

Rhea-AI Summary

SRH Total Return Fund (NYSE:STEW) declared a quarterly cash distribution of $0.20 per share payable April 30, 2026, with record and ex-dividend date April 23, 2026. The program targets $0.20 per quarter (~$0.80/year).

As of Feb 9, 2026, NAV was $23.35, market price $18.28 (a 21.71% discount); the distribution annualizes to ~4.38% of market price and ~3.43% of NAV.

Positive

• $0.20 quarterly distribution (annualized $0.80)
• 4.38% annualized yield on market price (as of Feb 9, 2026)
• Cash distribution can be accretive to market-price returns when shares trade at a discount
• Established managed distribution program under Section 19(b) order since November 2015

Negative

• 21.71% discount of market price to NAV as of Feb 9, 2026
• Distributions may not consist solely of net investment income and could include non‑income return components
• 3.43% annualized yield on NAV, lower than market-price yield estimate

News Market Reaction – STEW

-1.04%

1 alert

-1.04% News Effect

On the day this news was published, STEW declined 1.04%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

DENVER, CO / ACCESS Newswire / February 12, 2026 / SRH Total Return Fund, Inc. (NYSE:STEW) (the "Fund") announced the declaration of a quarterly distribution of $0.20 per share to occur in April 2026. This distribution is being paid as part of the Fund's managed distribution program under which the Fund intends to make per share distributions of $0.20 per quarter or approximately $0.80 per year. As of market close on February 9, 2026, the distribution (on an annualized basis) amounts to approximately 4.38% of the Fund's market price and 3.43% of its net asset value ("NAV").

Due to the current discount of the Fund's market price to its per share NAV and the fact that distributions are made in cash (i.e., at NAV), if Fund shares continue to trade at a discount at the time of this distribution, then it will be accretive to the Fund's market-price-based return. The April 2026 quarterly distribution will be payable in cash to stockholders of record per the following critical dates:

Pay Date	Record Date	Ex-Dividend Date	Amount Per Share
April 30, 2026	April 23, 2026	April 23, 2026	$0.20

As previously announced, the Board of Directors instituted a managed distribution program in accordance with its Section 19(b) exemptive order in November 2015. In adopting the program, the Fund seeks to provide a regular quarterly distribution to its common stockholders which is not dependent on the amount of income earned or capital gains realized by the Fund.

Investors should not make any conclusions about the Fund's investment performance from the amount of the Fund's distributions or the Fund's distribution policy. With each distribution that does not consist solely of net investment income, the Fund will issue a notice to shareholders and an accompanying press release that will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during its full fiscal year and may be subject to changes based on tax regulations. The Fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.

The Fund

SRH Total Return Fund, Inc. is a non-diversified closed-end investment company traded on the New York Stock Exchange under the trading symbol "STEW". As of February 9, 2026, the Fund's NAV was $23.35 per share and the closing market price was $18.28 (a 21.71% discount to NAV). For more information on the Fund, please visit the Fund's webpage at www.srhfunds.com/fund-overview/stew/.

The Fund is a closed-end fund and does not continuously issue stock for sale as open-end mutual funds do. The Fund now trades in the secondary market. Investors wishing to buy or sell stock need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market value.

Paralel Advisors LLC

Paralel Advisors LLC serves as the investment adviser to the SRH Total Return Fund, Inc. Together with its parent company, Paralel Technologies LLC, the firm develops technology-based solutions to better serve investors.

SRH Advisors, LLC

SRH Advisors, LLC is an investment adviser registered with the SEC based out of Kansas. More information about SRH is available at www.srhfunds.com/fund-overview/stew/ as well as https://srhadvisorsllc.com/.

NOT FDIC INSURED | May Lose Value | No Bank Guarantee

Contact info:

Website: www.srhfunds.com/fund-overview/stew/

Email: stewclientinquiries@paralel.com

SOURCE: SRH Total Return Fund, Inc.

View the original press release on ACCESS Newswire

FAQ

What distribution did SRH Total Return Fund (STEW) declare for April 2026?

The Fund declared a $0.20 per share quarterly cash distribution payable April 30, 2026. According to the company, the record and ex-dividend date is April 23, 2026.

What yield does the April 2026 STEW distribution represent versus market price and NAV?

The distribution annualizes to approximately 4.38% of market price and 3.43% of NAV as of Feb 9, 2026. According to the company, those figures use the market close and NAV on Feb 9, 2026.

How could the STEW cash distribution affect shareholder returns if shares trade at a discount?

A cash distribution paid at NAV can be accretive to market-price returns when shares trade at a discount. According to the company, continued discount trading would increase market-price‑based return.

Is the STEW distribution composed only of investment income for tax purposes?

No, distributions may not consist solely of net investment income and could include other components. According to the company, final tax characterization will be on Form 1099-DIV for the calendar year.

What were STEW's NAV and closing market price on Feb 9, 2026?

As of Feb 9, 2026, NAV was $23.35 per share and the closing market price was $18.28. According to the company, that represented a 21.71% discount to NAV.