DENVER, Nov. 10,
2022 /PRNewswire/ -- SRH Total Return Fund, Inc.
(NYSE: STEW) (the "Fund") is pleased to announce a 4.17% increase
in the Fund's quarterly distribution to $0.125 per share beginning in January 2023, payable on the dates noted below.
This distribution is being paid as part of the Fund's managed
distribution program under which the Fund intends to make per share
distributions of $0.125 per quarter,
or approximately $0.50 per
year. As of market close on November
4, 2022, the distribution (on an annualized basis) amounts
to approximately 4.12% of the Fund's market price and 3.40% of its
net asset value ("NAV").
Due to the current discount of the Fund's market price to its
per share NAV and the fact that distributions are made in cash
(i.e., at NAV), if Fund shares continue to trade at a discount at
the time of this distribution, then it will be accretive to the
Fund's market-price-based return. The January 2023 quarterly distribution will be
payable in cash to stockholders of record per the following
critical dates:
|
Pay
Date
|
Record
Date
|
Ex-Dividend
Date
|
Amount Per
Share
|
|
January 31,
2023
|
January 24,
2023
|
January 23,
2023
|
$0.125
|
As previously announced, the Board of Directors instituted a
managed distribution program in accordance with its Section 19(b)
exemptive order in November 2015. In adopting the program,
the Fund seeks to provide a regular quarterly distribution to its
common stockholders which is not dependent on the amount of income
earned or capital gains realized by the Fund.
Investors should not make any conclusions about the Fund's
investment performance from the amount of the Fund's distributions
or the Fund's distribution policy. With each distribution that does
not consist solely of net investment income, the Fund will issue a
notice to shareholders and an accompanying press release that will
provide detailed information regarding the amount and composition
of the distribution and other related information. The amounts and
sources of distributions reported in the notice to shareholders are
only estimates and are not being provided for tax reporting
purposes. The actual amounts and sources of the amounts for tax
reporting purposes will depend upon the Fund's investment
experience during its full fiscal year and may be subject to
changes based on tax regulations. The Fund will send shareholders a
Form 1099-DIV for the calendar year that will tell them how to
report these distributions for federal income tax purposes.
The Fund
SRH Total Return Fund, Inc. is a non-diversified closed-end
investment company traded on the New York Stock Exchange under the
trading symbol "STEW". As of November 4,
2022, the Fund's NAV was $14.69 per share and the closing market price was
$12.13 (a 17.43% discount to NAV).
For more information on the Fund, please visit the Fund's webpage
at www.srhtotalreturnfund.com.
The Fund is a closed-end fund and does not continuously issue
stock for sale as open-end mutual funds do. The Fund now trades in
the secondary market. Investors wishing to buy or sell stock need
to place orders through an intermediary or broker. The share price
of a closed-end fund is based on the market value.
On April 4, 2022, the Fund changed
its name and ticker from the Boulder Growth & Income Fund, Inc.
(BIF) to SRH Total Return Fund, Inc. (STEW).
Paralel Advisors LLC
Paralel Advisors LLC serves as the investment advisor to the SRH
Total Return Fund. Together with our parent company, Paralel
Technologies LLC, we develop technology-based solutions to better
serve investors.
Rocky Mountain Advisers,
LLC
RMA is an investment adviser registered with the SEC based out
of Kansas. More information about RMA is available at
www.srhtotalreturnfund.com as well as www.investrma.com.
NOT FDIC INSURED | May Lose Value | No Bank Guarantee
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SOURCE Paralel Technologies
