The Swiss Helvetia Fund Announces Results of Special Meeting
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The Swiss Helvetia Fund, Inc. (NYSE: SWZ) held a special meeting where stockholders approved an investment advisory agreement with Bulldog Investors, LLP, and changes to the Fund's investment objectives. The Board plans to sell most of the Fund's portfolio and declare a special cash distribution of about 30% of the Fund's net assets.
February 21, 2025 | 9:30 pm
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The Swiss Helvetia Fund has approved a new investment advisory agreement and changes to its investment objectives. The Fund plans to sell most of its portfolio and issue a special cash distribution of approximately 30% of its net assets.
The approval of a new advisory agreement and changes to investment objectives suggest a strategic shift, which could positively impact SWZ's stock price. The planned special cash distribution is likely to attract investor interest, potentially driving the stock price up in the short term.
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