The Swiss Helvetia Fund Inc. Announces Board Changes
December 06, 2016 at 05:05 pm EST
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The Swiss Helvetia Fund Inc. announced that it was informed that one of its Directors, Margaret M. Cannella, passed away on November 24, 2016. The Fund and its Board of Directors are deeply saddened by Ms. Cannella's untimely passing and extends its sincere condolences to her family. The Board has approved the appointment of Mr. Jay S. Calhoun to fill Ms. Cannella's position as a non-interested Class I Director of the Fund to serve until the Fund's 2019 Annual Meeting or until his successor is duly elected and qualified. Mr. Calhoun currently serves as Treasurer of Carnegie Mellon University, where he is responsible for cash and liquidity management, short-term investment, borrowing and investment support for the University's retirement plans. In addition, the Fund announced that two of its Class II Directors, Richard A. Brealey and Samuel B. Witt, III, Esq., will not stand for re-election by the Fund's stockholders at the Fund's 2017 Annual Meeting.
The Swiss Helvetia Fund, Inc. (the Fund) is a non-diversified, closed-end investment company. The Fund's investment objective is to seek long-term growth of capital through investment in equity and equity-linked securities of Swiss companies. The Fund may also acquire and hold equity and equity-linked securities of non-Swiss companies in limited instances. The Fund primarily invests in securities of Swiss issuers. The Fund also invests in various industries, such as banks, biotechnology, building materials, chemicals, computers, diversified financial services, electric, electronic components and equipment, food, healthcare products, industrials, insurance, machinery-diversified, metal fabricate/hardware, packaging and containers, pharmaceuticals, private equity, retail, semiconductors, preferred stock, short-term investment, and transportation. Schroder Investment Management North America Inc. acts as an investment advisor for the Fund.
THE SWISS HELVETIA FUND INC. 
