THE SWISS HELVETIA FUND, INC. DECLARES SPECIAL DISTRIBUTION OF $3.00 PER SHARE

NEW YORK, March 24, 2025 /PRNewswire/ -- As previously announced, on February 21, 2025, stockholders of The Swiss Helvetia Fund, Inc. (the "Fund") (NYSE: SWZ) met and voted to approve the following: (1) an investment advisory agreement between the Fund and Bulldog Investors, LLP (which will become effective on March 31, 2025); (2) replacement of the Fund's fundamental investment objective of capital appreciation by investing in equity and equity-linked securities of Swiss companies with a non-fundamental investment objective of providing long-term total return; and (3) changes to the Fund's fundamental investment restrictions in order to expand the types of investments the Fund can make to meet its new investment objective. Also, as previously announced, the Fund's Board of Directors subsequently authorized (1) the sale of substantially all of the Fund's portfolio securities and (2) an intent to declare a special cash distribution (consisting substantially or entirely of long-term capital gains) equal to approximately 30% of the Fund's net assets.  Consistent with these developments, the Fund today announced a special cash distribution of $3.00 per share of the Fund's common stock to be paid on April 7, 2025 to record holders as of April 3, 2025.

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