Edition:
United Kingdom

Swiss Helvetia Fund Announces Tender Offer And Stock Dividend


Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Swiss Helvetia Fund Inc ::THE SWISS HELVETIA FUND, INC. ANNOUNCES TENDER OFFER AND STOCK DIVIDEND.SWISS HELVETIA FUND - PENDING COMPLETION OF TENDER OFFER, FUND SUSPENDED PREVIOUSLY ANNOUNCED STOCK REPURCHASE PROGRAM.SWISS HELVETIA FUND - APPROVED TENDER OFFER TO PURCHASE UP TO 65% OF FUND'S OUTSTANDING SHARES FOR CASH AT PRICE EQUAL TO 98% OF NET ASSET VALUE/SHARE.SWISS HELVETIA FUND INC - DETERMINED TO SUSPEND ANY DISTRIBUTIONS THAT WOULD OTHERWISE BE PAYABLE PURSUANT TO FUND'S MANAGED DISTRIBUTION PLAN.SWISS HELVETIA FUND INC - PRIOR TO COMMENCING TENDER OFFER, INTENDS TO DISPOSE OF A SIGNIFICANT PORTION OF ITS PORTFOLIO SECURITIES.SWISS HELVETIA FUND - MAY PURCHASE IN TENDER OFFER ADDITIONAL SHARES NOT TO EXCEED 2% OF FUND'S OUTSTANDING SHARES WITHOUT AMENDING/EXTENDING OFFER.SWISS HELVETIA FUND - PRIOR TO COMMENCING TENDER OFFER, INTENDS TO DISTRIBUTE SUBSTANTIALLY ALL ITS REALIZED CAPITAL GAINS TO STOCKHOLDERS.