Welcome to our dedicated page for Total Return Securities Fund news (Ticker: SWZ), a resource for investors and traders seeking the latest updates and insights on Total Return Securities Fund stock.
Total Return Securities Fund (NYSE: SWZ), formerly The Swiss Helvetia Fund, Inc., generates frequent news related to its operations as a non-diversified, closed-end investment company. Company announcements have covered changes to its investment objective, name change, distribution policies, rights offerings, and tender offers. These developments reflect the Fund’s shift from a focus on capital appreciation through Swiss equity and equity-linked securities toward a non-fundamental objective of providing long-term total return with expanded investment flexibility.
News items for SWZ often describe actions taken by the Board of Directors, such as authorizing or affirming self-tender offers to repurchase a portion of the Fund’s outstanding shares at prices tied to net asset value. The Fund has also issued detailed press releases about non-transferable rights offerings, including subscription terms, record and expiration dates, and how rights holders may subscribe for additional shares subject to allotment.
Another recurring theme in the Fund’s news is its managed distribution plan. Press releases outline quarterly distribution amounts, record and payment dates, and explain that distributions may consist of net investment income, realized capital gains, and return of capital. The Fund also provides information on special cash distributions, due bill procedures applied by the NYSE when distributions exceed a certain portion of the share price, and how these events affect trading around record and payment dates.
Investors and observers who follow SWZ’s news can track how the Fund’s Board implements capital management actions, modifies its distribution approach, and executes its transition to the Total Return Securities Fund identity. Regular updates also highlight the Fund’s communications about regulatory filings, emphasizing that official offering and tender documents are available through the U.S. Securities and Exchange Commission.
The Swiss Helvetia Fund (NYSE: SWZ) has declared a quarterly distribution of $0.1458 per share under its managed distribution plan. This distribution equates to an annualized distribution rate of 6.00% based on the Fund's NAV as of October 31, 2024.
The Fund's managed distribution plan aims to provide stockholders with consistent, though not guaranteed, fixed minimum quarterly distributions. This strategy may help narrow the discount to net asset value per share in trading. Distributions can include net investment income, realized capital gains, and when necessary, return of capital.
The Fund will provide detailed information about distribution amounts and composition through notices and press releases. Stockholders will receive Form 1099-DIV for tax reporting purposes. Unless otherwise elected, distributions will be automatically reinvested through the Fund's dividend reinvestment plan.
The Swiss Helvetia Fund (NYSE: SWZ) announced the results of a special stockholders meeting held on February 21, 2025. Stockholders approved two key proposals: (1) a new investment advisory agreement with Bulldog Investors, LLP, and (2) changes to the Fund's investment objective and restrictions to broaden its investment capabilities.
The Fund's Board of Directors plans to sell substantially all portfolio securities and declare a special cash distribution, primarily consisting of long-term capital gains, amounting to approximately 30% of the Fund's net assets.
The Swiss Helvetia Fund (NYSE: SWZ) has announced a special stockholders meeting scheduled for February 21, 2025, to consider two major proposals: (1) approving an investment advisory agreement with Bulldog Investors, LLP, and (2) modifying the Fund's investment objective, strategies, and restrictions to broaden its investment capabilities.
If shareholders approve these proposals, the Board plans to: (1) sell substantially all portfolio securities, (2) declare a special cash distribution of approximately 30% of the Fund's net assets, and (3) authorize a tender offer for at least 15% of outstanding shares at 98% of NAV if shares trade at a >10% discount from NAV for 10 consecutive business days in 2025.
Only stockholders of record as of January 24, 2025, are eligible to vote. The complete proposal details are available in the Fund's Definitive Proxy Statement filed with the SEC on January 27, 2025.
The Swiss Helvetia Fund (NYSE: SWZ) has filed preliminary proxy materials with the SEC for a special stockholders' meeting to consider two major proposals: adopting an investment advisory agreement with Bulldog Investors, LLP and modifying the Fund's investment objectives and restrictions to expand investment options.
If stockholders approve these proposals, the Board plans to sell substantially all portfolio securities and declare a special cash distribution of approximately 30% of the Fund's net assets. Additionally, if the Fund's shares trade at a >10% discount to NAV for any ten consecutive business days in 2025, the Board intends to authorize a tender offer for at least 15% of outstanding shares at minimum 98% of NAV per share.
Only stockholders of record as of January 24, 2025, will be eligible to vote at the Meeting. The Fund expects to file definitive Proxy Materials with the SEC in late January 2025.
The Swiss Helvetia Fund (NYSE: SWZ) has announced a quarterly distribution of $0.1458 per share of common stock under its managed distribution plan. The distribution is scheduled with a record date and ex-dividend date of December 17, 2024, and a payment date of December 31, 2024.
The Fund's managed distribution plan aims to provide stockholders with consistent quarterly distributions, which may include net investment income, net realized short-term and long-term capital gains, and return of capital. Stockholders will receive Form 1099-DIV after the end of 2024 detailing the actual composition of distributions for tax reporting purposes.
The Swiss Helvetia Fund (NYSE: SWZ) announced the results of its 2024 Annual Meeting of Stockholders. The meeting concluded with two main outcomes: five directors - Andrew Dakos, Richard Dayan, Phillip F. Goldstein, Gerald Hellerman, and Moritz A. Sell - were elected for one-year terms, and stockholders approved Tait, Weller & Baker, LLP as the Fund's independent registered public accounting firm for the year ending December 31, 2024.
The Swiss Helvetia Fund, Inc. (NYSE: SWZ) has declared a quarterly distribution of $0.129 per share under its managed distribution plan. Key dates include:
- Record Date: September 19, 2024
- Ex-Dividend Date: September 19, 2024
- Payment Date: September 30, 2024
The plan aims to provide stockholders with a consistent, fixed minimum rate of distribution quarterly. This $0.129 per share distribution equates to an annualized distribution rate of 6.00% based on the Fund's net asset value as of October 31, 2023. Distributions may include net investment income, capital gains, and return of capital. The Board will review the plan annually and may adjust the distribution rate based on various factors.
The Swiss Helvetia Fund (NYSE: SWZ) has declared a quarterly distribution of $0.129 per share, in accordance with its managed distribution plan. The key dates are as follows: Record Date - June 18, 2024; Ex-Dividend Date - June 18, 2024; Payment Date - June 28, 2024.
The distribution aims to provide a consistent fixed minimum rate of return to shareholders, potentially reducing the discount to NAV. The distribution may include net investment income, capital gains, or return of capital. Shareholders will receive notices and detailed press releases if distributions are not solely from net investment income.
The annualized distribution rate is 6.00% based on NAV as of October 31, 2023. The Board reviews the Plan annually and may adjust or terminate it, potentially impacting the stock price.
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