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SWISS HELVETIA FUND ANNOUNCES RIGHTS OFFERING SUBSCRIPTION PRICE OF $12.60 PER SHARE; OFFERING OF 800,786 NEW SHARES FULLY SUBSCRIBED

 SWISS HELVETIA FUND ANNOUNCES RIGHTS OFFERING SUBSCRIPTION PRICE OF $12.60 PER SHARE; OFFERING OF 800,786 NEW SHARES FULLY SUBSCRIBED
 NEW YORK, June 24 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (NYSE: SWZ) announced today that a subscription price of $12.60 per share has been established in connection with its previously announced rights offering, and that the 800,786 new shares offered were fully subscribed to by fund shareholders. The offer expired at 5 p.m., New York time, on June 16, 1992.
 Under the terms of the offer, the subscription price was determined by calculating 90 percent of the average of the last sale prices of the fund's shares for five consecutive trading days commencing June 17 and ending June 23. The offer granted shareholders one right for every share of the fund they owned and permitted them to purchase one new share of the fund at the subscription price for every 10 rights exercised plus any additional shares allocated to them on a pro-rata basis through an over-subscription privilege.
 The Swiss Helvetia Fund is a non-diversified closed-end investment company investing in equity and equity-linked securities of Swiss companies.
 -0- 6/24/92
 /CONTACT: Mark H. Harnett or Stanley J. Kay of MacKenzie Partners, 212-929-5500, for Swiss Helvetia Fund/
 (SWZ) CO: Swiss Helvetia Fund, Inc. ST: New York IN: FIN SU:


CK-OS -- NY016 -- 3209 06/24/92 10:29 EDT
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Publication:PR Newswire
Date:Jun 24, 1992
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