Company: SWZ
Filing Date: 2025-03-11
Form Type: N-CSR
Source: 0001839882-25-014961
Chunk: 0

Company: Total Return Securities Fund
Filing Date: 2025-03-11
Form: N-CSR
Chunk 0
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 FORM N-CSR CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES 811-05128 Investment Company Act file number The Swiss Helvetia Fund, Inc.
(Exact name of registrant as specified in charter) c/o U.S. Bank Global Fund Services 615 East Michigan Street Milwaukee, WI 53202
(Address of principal executive offices) (Zip code) Andrew Dakos, President and Chief Executive Officer c/o U.S. Bank Global Fund Services 615 East Michigan Street Milwaukee, WI 53202
(Name and address of agent for service) 1-800-730-2932 Registrant's telephone number, including area code Date of fiscal year end: December 31, 2024 Date of reporting period: December 31, 2024 Item 1. Reports to Stockholders.

| (a) |

| The Swiss Helvetia Fund, Inc. 
 Executive Offices             
 615 East Michigan Street      
 Milwaukee, WI 53202           
 (212) 641-3800                |

THE SWISS HELVETIA FUND, INC. Managed Distribution Policy Disclosure In May 2023, The Swiss Helvetia Fund, Inc. (the “Fund”), acting pursuant to an SEC exemptive order and with the approval of the Fund’s Board of Directors (the “Board”), adopted a managed distribution policy. Under that policy, as resumed by the Board and as currently in effect, the Fund will pay a quarterly distribution stated in terms of a fixed amount of $0.12900 per share of the Fund’s common stock, which equates to an annualized distribution rate of 6.00% based on the Fund’s net asset value of $8.60 as of October 31, 2023. In accordance with the policy, the Fund distributed on March 31, 2024, June 30, 2024, and September 18, 2024, $0.12900 per share to stockholders of record on March 18, 2024, June 18, 2024 and September 19, 2024, respectively. Commencing in December 2024, the Fund began making quarterly distributions pursuant to the policy of $0.1458 per share, which equates to an annualized distribution rate of 6.00% based on the Fund’s net asset value of $9.72 per share