SRH Total Return Fund, Inc. Section 19a Notice
SRH Total Return Fund (NYSE:STEW) will pay a quarterly distribution of $0.1650 per share to holders of record as of October 24, 2025, payable October 31, 2025. The Fund uses a managed distribution policy that may include realized capital gains and return of capital.
The Fund estimates the current distribution breakdown as: 6.70% net investment income, 1.29% short-term gains, 71.96% long-term gains and 20.05% return of capital. Fiscal year-to-date distributions total $0.6600 per share with 29.76% YTD return of capital.
Performance metrics: annualized distribution rate 2.87% of NAV, cumulative NAV total return 7.69%, five-year average annual NAV total return 17.84%. Amounts are estimates and final tax-reportable figures will appear on Form 1099-DIV.
SRH Total Return Fund (NYSE:STEW) distribuirà una distribuzione trimestrale di $0.1650 per azione agli azionisti registrati al 24 ottobre 2025, pagabile il 31 ottobre 2025. Il Fondo utilizza una politica di distribuzione gestita che può includere plusvalenze realizzate e ritorno di capitale.
Il Fondo stima la suddivisione attuale della distribuzione come: 6,70% reddito netto da investimenti, 1,29% plusvalenze a breve termine, 71,96% plusvalenze a lungo termine e 20,05% ritorno di capitale. Le distribuzioni dall'inizio dell'esercizio ammontano a $0.6600 per azione con un 29,76% rendimento da capitale YTD.
Metriche di performance: tasso di distribuzione annualizzato 2,87% del NAV, rendimento totale cumulativo del NAV 7,69%, rendimento medio annuo del NAV negli ultimi cinque anni 17,84%. Gli importi sono stime e i soli valori fiscali finali riportabili appariranno sul modulo 1099-DIV.
SRH Total Return Fund (NYSE:STEW) pagará una distribución trimestral de $0.1650 por acción a los titulares registrados al 24 de octubre de 2025, pagadera el 31 de octubre de 2025. El Fondo utiliza una política de distribución gestionada que puede incluir ganancias de capital realizadas y retorno de capital.
El Fondo estima la distribución actual como: 6,70% de ingresos netos de inversión, 1,29% de ganancias a corto plazo, 71,96% de ganancias a largo plazo y 20,05% de retorno de capital. Las distribuciones del año fiscal hasta la fecha suman $0.6600 por acción con 29,76% rendimiento de capital YTD.
Indicadores de rendimiento: tasa de distribución anualizada 2,87% del NAV, rendimiento total acumulado del NAV 7,69%, rendimiento total anualizado promedio de los últimos cinco años del NAV 17,84%. Las cantidades son estimaciones y los importes fiscales finales reportables aparecerán en el Formulario 1099-DIV.
SRH Total Return Fund (NYSE:STEW)는 분기별 배당을 주주 명부에 등재된 자에게 주당 $0.1650으로 지급하며, 기준일은 2025년 10월 24일이고 지급일은 2025년 10월 31일입니다. 펀드는 실현된 자본 이익과 원본 자본의 반환을 포함할 수 있는 관리 분배 정책을 사용합니다.
펀드는 현재 분배 분해를 다음과 같이 추정합니다: 6.70% 순투자소득, 1.29% 단기 이익, 71.96% 장기 이익, 20.05% 자본의 반환. 회계연도 누적 분배는 $0.6600 주당이며 YTD 29.76%의 자본 반환 수익률입니다.
성과 지표: NAV의 연환산 분배율 2.87%, NAV의 누적 총 수익률 7.69%, 최근 5년의 NAV 총 수익률의 연평균 17.84%. 금액은 추정치이며 최종 과세 보고 수치는 Form 1099-DIV에 표시됩니다.
SRH Total Return Fund (NYSE:STEW) versera une distribution trimestrielle de $0,1650 par action aux titulaires enregistrés au 24 octobre 2025, payable le 31 octobre 2025. Le Fonds applique une politique de distribution gérée qui peut inclure des gains en capital réalisés et des retours de capital.
Le Fonds estime la répartition actuelle de la distribution comme suit : 6,70% de revenu net d’investissement, 1,29% de gains à court terme, 71,96% de gains à long terme et 20,05% de retour de capital. Les distributions cumulées depuis le début de l’exercice s’élèvent à $0,6600 par action avec 29,76% de rendement du capital YTD.
Indicateurs de performance : taux de distribution annualisé 2,87% de la NAV, rendement total cumulé de la NAV 7,69%, rendement moyen annuel NAV sur cinq ans 17,84%. Les montants sont des estimations et les chiffres fiscaux finaux reportables apparaîtront sur le formulaire 1099-DIV.
SRH Total Return Fund (NYSE:STEW) wird eine vierteljährliche Ausschüttung von $0,1650 pro Aktie an die Inhaber der Amtdaten am 24. Oktober 2025 auszahlen, zahlbar am 31. Oktober 2025. Der Fonds verwendet eine verwaltete Ausschüttungspolitik, die realisierte Kapitalgewinne und Kapitalrückflüsse umfassen kann.
Der Fonds schätzt die aktuelle Aufschlüsselung der Ausschüttung wie folgt: 6,70% netto Investitionseinkommen, 1,29% kurzfristige Gewinne, 71,96% langfristige Gewinne und 20,05% Kapitalrückfluss. Die bis dato laufenden Ausschüttungen im Geschäftsjahr betragen $0,6600 pro Aktie mit 29,76% YTD-Kapitalrückfluss.
Leistungskennzahlen: jährliche Ausschüttungsrendite von NAV 2,87%, kumulatierte NAV-Gesamtrendite 7,69%, durchschnittliche jährliche NAV-Gesamtrendite der letzten fünf Jahre 17,84%. Die Beträge sind Schätzungen und endgültige steuerrelevante Beträge erscheinen im Formular 1099-DIV.
SRH Total Return Fund (NYSE:STEW) سيدفع توزيعًا ربع سنويًا قدره $0.1650 للسهم للمساهمين المسجلين حتى 24 أكتوبر 2025، على أن يكون الدفع في 31 أكتوبر 2025. يستخدم الصندوق سياسة توزيع مُدارة قد تشمل مكاسب رأس مال محققة وإعادة رأس المال.
يُقدّر الصندوق توزيعًا مقسّمًا كما يلي: 6.70% صافي دخل الاستثمار، 1.29% أرباح قصيرة الأجل، 71.96% أرباح طويلة الأجل، و20.05% إعادة رأس المال. إجمالي التوزيعات منذ بداية السنة المالية حتى تاريخه هو $0.6600 للسهم وبمعدل عائد رأس المال حتى تاريخه 29.76%.
مقاييس الأداء: معدل التوزيع السنوي 2.87% من صافي قيمة الأصول NAV، العائد الكلي التراكمي لـ NAV 7.69%، العائد المتوسط السنوي لـ NAV خلال الخمس سنوات الأخيرة 17.84%. القيم المذكورة هي تقديرات وستظهر الأرقام النهائية القابلة للإبلاغ الضريبي في النموذج 1099-DIV.
- Quarterly distribution of $0.1650 per share
- Fiscal year-to-date distributions total $0.6600 per share
- 71.96% of current distribution from long-term capital gains
- Cumulative NAV total return of 7.69% (Dec 1, 2024–Sep 30, 2025)
- Five-year average annual NAV total return of 17.84%
- Estimated 20.05% of current distribution is return of capital
- Fiscal YTD 29.76% of distributions estimated as return of capital
- Distribution amounts are estimates and may change before tax reporting
- Board may modify or suspend the distribution policy, which could hurt market price
Insights
Quarterly cash distribution of
The Fund declared a distribution of
The business mechanism is a managed distribution policy that permits the Fund to use realized capital gains and return of capital to meet a fixed quarterly payout. This increases cash paid to shareholders but can reduce the Fund’s capital base when distributions exceed current income and realized gains. The Board retains discretion to modify, suspend, or end the policy, which the notice flags as a market‑price risk.
Key dependencies and risks include the sustainability of realized gains and the Fund’s remaining distributable capital; the notice warns distribution sources are estimates and may change for accounting and tax purposes. Watch the Fund’s upcoming Form 1099‑DIV and any future 19(a) notices for finalized tax characterizations, and monitor fiscal year end results (period begins
Notification of Sources of Distribution
Statement Pursuant to Section 19(a) of the Investment Company Act of 1940
DENVER, CO / ACCESS Newswire / October 31, 2025 / On October 31, 2025, SRH Total Return Fund, Inc. (NYSE:STEW) (the "Fund"), a closed-end investment company, will pay a distribution on its common stock of
The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated in the table. In addition, the table shows the percentages of the total distribution amount per share attributable to (i) net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.
Current Distribution from: | ||
Per Share ($) | Percentage (%) | |
Net Investment Income | 0.01106 | |
Net Realized Short-Term Capital Gains | 0.00213 | |
Net Realized Long-Term Capital Gains | 0.11873 | |
Return of Capital or other Capital Source | 0.03308 | |
Total (per common share) | 0.16500 | |
Fiscal Year-to-Date Cumulative | ||
Distributions from1: | ||
Per Share ($) | Percentage (%) | |
Net Investment Income | 0.05083 | |
Net Realized Short-Term Capital Gains | 0.00213 | |
Net Realized Long-Term Capital Gains | 0.41062 | |
Return of Capital or other Capital Source | 0.19642 | |
Total (per common share) | 0.66000 |
1 The Fund's fiscal year is December 1 to November 30. Information shown is for the period beginning December 1, 2024.
Stockholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution policy. The amounts and sources of distributions reported in this 19(a) Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes.
The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.
The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.
THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.
Presented below are return figures, based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last day of the month prior to the distribution declaration date. While the NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a stockholder's investment in the Fund. The value of a stockholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.
Fund Performance & Distribution Rate Information
Annualized Distribution Rate as a Percentage of NAV^ | |
Cumulative Distribution Rate as a Percentage of NAV* | |
Cumulative Total Return as a Percentage of NAV** | |
Average Annual Total Return*** |
^Based on the Fund's NAV as of September 30, 2025 and the quarterly distribution of
*Based on the Fund's NAV as of September 30, 2025 and includes distributions through October 31, 2025.
**Cumulative Total Return is the percentage change in the Fund's NAV including distributions paid and assuming reinvestment of these distributions for the period December 1, 2024 through September 30, 2025.
***Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending September 30, 2025. Annual NAV Total Return is the percentage change in the Fund's NAV over a year including distributions paid and assuming reinvestment of these distributions.
The Fund has a managed distribution policy that seeks to deliver the Fund's long term total return potential through regular quarterly distributions declared at a fixed rate per share. Distributions may be paid in part or in full from net investment income, realized capital gains and by returning capital, or a combination thereof. Stockholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the stockholder's capital. A return of capital is not taxable; rather it reduces a stockholder's tax basis in his or her shares of the Fund.
The Fund's Board of Directors reviews the amount of any distributions made pursuant to the Fund's distribution policy and considers the income earned and capital gains realized by the Fund, as well as the Fund's available capital. The Board of Directors will continue to monitor the Fund's distribution level, taking into consideration, among other things, the Fund's net asset value and market conditions. The Fund's distribution policy is subject to modification, suspension or termination by the Board of Directors at any time, which could have an adverse effect on the market price of the Fund's shares. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
For more information on the Fund, please visit us on the web at www.srhtotalreturnfund.com.
NOT FDIC INSURED | May Lose Value | No Bank Guarantee
Contact info:
Website: https://srhtotalreturnfund.com/
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 on October 31, 2025?
How much of the October 2025 STEW distribution is return of capital?
What are STEW's fiscal year-to-date distributions through October 31, 2025?
What is the annualized distribution rate for STEW relative to NAV?
Will STEW send tax reporting for 2025 distributions?
Could STEW change its managed distribution policy and how would that affect shareholders?
