THE SWISS HELVETIA FUND, INC. DECLARES QUARTERLY DISTRIBUTION AT NEW RATE OF $0.1458 PER SHARE
The Swiss Helvetia Fund (NYSE: SWZ) has announced a quarterly distribution of $0.1458 per share of common stock under its managed distribution plan.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
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.
Positive
- New quarterly distribution of $0.1458 per share announced
- Managed distribution plan provides consistent quarterly payments to shareholders
Negative
- None.
Details
News Market Reaction – SWZ
The recorded move for SWZ in the trading session of this news was +0.38%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Record Date: | December 17, 2024 |
Ex-Dividend Date: | December 17, 2024 |
Payment Date: | December 31, 2024 |
The primary purpose of the Plan is to provide stockholders with consistent, but not guaranteed, quarterly distributions. Distributions may consist of net investment income, net realized short-term and long-term capital gains, and return of capital. With each distribution that does not consist solely of net investment income, the Fund will issue a notice to stockholders providing estimates of the composition of the distribution. After the end of 2024, for accounting and tax reporting purposes, the actual composition of the distributions for the calendar year will be reported to each stockholder on a Form 1099-DIV.
Additional information regarding the Fund may be obtained by calling
Contact:
Jennifer Brogadir
212-641-3863
View original content:https://www.prnewswire.com/news-releases/the-swiss-helvetia-fund-inc-declares-quarterly-distribution-at-new-rate-of-0-1458-per-share-302325166.html
SOURCE The Swiss Helvetia Fund, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.