SRH Total Return Fund, Inc. Increases Its Quarterly Distribution By 15% - Sixth Consecutive Annual Increase

The increase marks the sixth consecutive annual rise in the Fund's distribution rate.

Rhea-AI Summary

SRH Total Return Fund (NYSE: STEW) increased its quarterly distribution by 15%, with the higher payment beginning in January 2027. The new $0.23 per share cash distribution is payable January 29, 2027, to shareholders of record January 22, also the ex-dividend date.

This is the sixth consecutive annual increase, with average annual distribution growth of 14.51% over six years. The Fund intends to distribute approximately $0.92 per share annually. Based on November 6, 2026 values, that represents approximately 4.98% of market price and 3.79% of net asset value. Shares closed at $18.49 versus net asset value of $24.28 per share, a 23.85% discount. The managed distribution program is not dependent on income earned or capital gains realized.

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Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Quarterly cash distribution increased 15% to $0.23 per share, beginning January 2027.
• Minor pointDistribution increases span six consecutive years, averaging 14.51% annually over the past six years.
• Minor point. Forward-looking: it has not happened yet and may not happen.Intended annual distributions of approximately $0.92 per share represent approximately 4.98% of November 6 market price.
• Minor point. Forward-looking: it has not happened yet and may not happen.The Fund expects cash distributions to benefit market-price-based return if shares remain at a discount when paid.

Negative

• None.

News Explained

The Fund says its cash distribution is made at NAV and, if shares remain at a discount when this payment is made, it will be accretive to the Fund’s market-price-based return; that effect depends on the discount still being present at that time.

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DENVER, CO / ACCESS Newswire / November 12, 2026 / SRH Total Return Fund, Inc. (NYSE:STEW) (the "Fund") is pleased to announce a 15% increase in the Fund's quarterly distribution to $0.23 per share beginning in January 2027, payable on the date noted below. This marks the sixth consecutive annual increase of the Fund's distribution rate under its managed distribution program, which has grown at an average annual rate of 14.51% over the past six years. Under the Fund's managed distribution program, the Fund intends to make per share distributions of $0.23 per quarter, or approximately $0.92 per year, to common stockholders. As of market close on November 6, 2026, the distribution (on an annualized basis) amounts to approximately 4.98% of the Fund's market price and 3.79% of its net asset value ("NAV").

The January 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
January 29, 2027	January 22, 2027	January 22, 2027	$0.23

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 Fund's 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 November 6, 2026, the Fund's NAV was $24.28 per share and the closing market price was $18.49 (a 23.85% 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

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When will STEW pay its increased quarterly distribution?

STEW will pay $0.23 per share in cash on January 29, 2027, to shareholders of record January 22, 2027. The ex-dividend date is also January 22, 2027.

How should SRH Total Return Fund shareholders determine the tax treatment of distributions?

Shareholders should use the Fund's Form 1099-DIV for the calendar year to report distributions for federal income tax purposes. Distribution notices provide estimated amounts and sources, not tax-reporting figures. Actual tax classifications depend on the Fund's investment experience during its full fiscal year and may change based on tax regulations.