Exhibit (a)(5)(iv)
THE SWISS HELVETIA FUND, INC. ANNOUNCES EXPIRATION
AND PRELIMINARY RESULTS OF CASH TENDER OFFER
Press Release - For Immediate Release
New York, New York - November 19, 2018
The Swiss Helvetia Fund, Inc. (NYSE: SWZ), anon-diversified registeredclosed-end investment company, announced today that its tender offer (the “Offer”) to acquire, in exchange for cash, up to 24,638,918 shares of the Fund’s common stock, representing approximately 65% of the issued and outstanding shares of the Fund, expired at 5:00 p.m., Eastern Time, on November 16, 2018 (the “Expiration Date”).
Based on preliminary information provided by American Stock Transfer & Trust Company, LLC, the depositary for the Offer, 26,024,543 shares of the Fund’s common stock, or approximately 68.7% of the Fund’s issued and outstanding shares, were validly tendered by the Expiration Date. This number is subject to adjustment and should not be regarded as final. The number of shares that will be purchased by the Fund from each stockholder will be prorated based on the aggregate number of shares validly tendered by all stockholders divided by 24,638,918, at a price equal to 98% of the Fund’s net asset value per share determined as of the close of the regular trading session of the New York Stock Exchange today, November 19, 2018. The final number of shares validly tendered and accepted and the price per share will be announced as soon as practicable.
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About The Swiss Helvetia Fund, Inc.
The Fund (www.swzfund.com) is anon-diversified,closed-end investment company seeking long-term capital appreciation through investment in equity and equity-linked securities of Swiss companies. Its shares are listed on the NYSE under the symbol “SWZ.” The Fund seeks to achieve its investment objective by investing generally in Swiss equity and equity-linked securities that are traded on a Swiss stock exchange, traded at thepre-bourse level of one or more Swiss stock exchanges, traded through a market maker or traded over the counter in Switzerland. The Fund also may invest in Swiss equity and equity-linked securities of Swiss companies that are traded on other major European stock exchanges.
Closed-end funds, unlikeopen-end funds, are not continuously offered. Typically, shares ofclosed-end funds are sold in the open market through a stock exchange. Shares ofclosed-end funds frequently trade at a discount to net asset value. The price of the Fund’s shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below or above net asset value.
The Fund is managed by Schroder Investment Management North America Inc.
About Schroder Investment Management North America Inc.
Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, investment advisors registered with the U.S. SEC, are units of Schroders plc (SDR.L), a global asset management company with approximately $590.8 billion under management and administration as of September 30, 2018. Schroder’s clients include major financial institutions including banks and insurance companies, as well as local and public authorities, public and private pension funds, endowments and foundations, intermediaries and advisors, as well as high net worth individuals and retail investors. The firm has built one of the largest networks of offices of any dedicated asset management company with more than 500 portfolio managers and analysts covering the world’s investment markets, offering a comprehensive range of products and services.
Schroder Investment Management North America Inc. provides asset management products and services to clients in the U.S. and Canada. Schroder Investment Management North America Inc. is an indirect, wholly-owned subsidiary of Schroders plc, a U.K. public company with shares listed on the London Stock Exchange.
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of the Fund’s shares in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
