NEW YORK, Jan. 10, 2025 (GLOBE NEWSWIRE) -- The Swiss Helvetia Fund, Inc. (the 'Fund”) (NYSE: SWZ) announced today that it has filed preliminary proxy materials with the Securities and Exchange Commission (the 'SEC”) in connection with a special meeting of stockholders (the 'Meeting”) to be held as soon as practicable to consider (1) the Fund entering into an investment advisory agreement with Bulldog Investors, LLP ('Bulldog”), and (2) changes to the Fund's investment objective and restrictions in order to expand the types of investments the Fund can make to meet its new investment objective. If stockholders approve all the proposals, the Board of Directors intends to authorize the sale of substantially all of the Fund's portfolio securities and 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.