Key Developments: Swiss Helvetia Fund Inc (SWZ)

Swiss Helvetia Fund Inc Announces Expiration And Preliminary Results Of Tender Offer
Friday, 1 Jul 2011 11:17am EDT 

Swiss Helvetia Fund Inc announced the expiration and preliminary results of the Fund's tender offer for up to 1,530,131 of its shares of common stock, representing approximately 5% of its issued and outstanding shares. The Offer expired on June 30, 2011. Based upon current information, approximately 15,059,832 shares of common stock, or approximately 49% of the Fund's common stock outstanding, were tendered through the Expiration Date, including shares tendered pursuant to notices of guaranteed delivery. These numbers are subject to adjustment and should not be regarded as final. No more than a total of 1,530,131 properly tendered shares will be accepted in exchange for cash, at a price equal to 98% of the Fund's net asset value (NAV) per share as determined by the Fund on July 1, 2011. The Fund is managed by Hottinger Capital Corp.  Full Article