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Stock impact report

The Swiss Helvetia Fund, Inc. Announces 2020 Repurchase Program

Swiss Helvetia Fund, Inc. (The) (SWZ) 
US:NYSE Investor Relations: schroders.com/en/us/swz-fund
Company Research Source: PR Newswire
NEW YORK, Dec. 13, 2019 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a non-diversified registered closed-end investment company, announced today that its Board of Directors has approved a stock repurchase program for 2020 pursuant to which the Fund may purchase up to 250,000 shares of its common stock. The principal purpose of the stock repurchase program is to enhance stockholder value by increasing the Fund's net asset value per share.Any repurchase by the Fund of its common stock is subject to various factors, including the limitations imposed by the federal securities laws governing the repurchase of an issuer's stock by the issuer, the ability of the Fund's investment adviser to raise cash to repurchase shares of the Fund's common stock in a tax-efficient manner and general market conditions. There can be no assurance that the program will enhance stockholder value. The Fund's Board of Directors may amend this program, solely in its discretion, at any time during th Show less Read more
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