0001504304-13-000008.txt : 20130808 0001504304-13-000008.hdr.sgml : 20130808 20130808155614 ACCESSION NUMBER: 0001504304-13-000008 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130808 DATE AS OF CHANGE: 20130808 GROUP MEMBERS: ANDREW DAKOS GROUP MEMBERS: BULLDOG INVESTORS, LLC GROUP MEMBERS: PHILLIP GOLDSTEIN GROUP MEMBERS: STEVEN SAMUELS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SWISS HELVETIA FUND, INC. CENTRAL INDEX KEY: 0000813623 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-53317 FILM NUMBER: 131021754 BUSINESS ADDRESS: STREET 1: 1270 AVENUE OF THE AMERICAS STREET 2: SUITE 400 CITY: NEW YORK STATE: NY ZIP: 10111-0001 BUSINESS PHONE: 2128677660 MAIL ADDRESS: STREET 1: 1270 AVENUE OF THE AMERICAS STREET 2: SUITE 400 CITY: NEW YORK STATE: NY ZIP: 10111-0001 FORMER COMPANY: FORMER CONFORMED NAME: SWISS HELVETIA FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: HELVETIA FUND INC DATE OF NAME CHANGE: 19900820 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Bulldog Investors, LLC CENTRAL INDEX KEY: 0001504304 IRS NUMBER: 270926182 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: PARK 80 WEST STREET 2: 250 PEHLE AVE. SUITE 708 CITY: SADDLE BROOK STATE: NJ ZIP: 07663 BUSINESS PHONE: 201 556-0092 MAIL ADDRESS: STREET 1: PARK 80 WEST STREET 2: 250 PEHLE AVE. SUITE 708 CITY: SADDLE BROOK STATE: NJ ZIP: 07663 FORMER COMPANY: FORMER CONFORMED NAME: Brooklyn Capital Management LLC DATE OF NAME CHANGE: 20101026 SC 13D 1 third.txt SCHEDULE 13D DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 7/29/13 1. NAME OF REPORTING PERSON Bulldog Investors, LLC, Phillip Goldstein, Andrew Dakos, Steven Samuels 2. CHECK THE BOX IF MEMBER OF A GROUP a[ ] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [X] 6. CITIZENSHIP OR PLACE OF ORGANIZATION DE ___________________________________________________________ 7. SOLE VOTING POWER 833,429 8. SHARED VOTING POWER 869,748 9. SOLE DISPOSITIVE POWER 833,429 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 869,748 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,703,177 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 5.50% 14. TYPE OF REPORTING PERSON IA, IN _______________________________________________________ Item 1. SECURITY AND ISSUER This Schedule 13D relates to the shares of Common Stock of SWISS HELVETIA FUND ("SWZ" or the "Issuer"). The principal executive offices of SWZ are located at 1270 AVENUE OF THE AMERICAS SUITE 400 NEW YORK NY 10111-0001 Item 2. IDENTITY AND BACKGROUND (a) This statement is filed on behalf of Bulldog Investors,LLC, (a Delaware Limited Liability Company), Phillip Goldstein, Andrew Dakos and Steven Samuels. (b) The business address of the reporting persons is Park 80 West-Plaza Two, 250 Pehle Ave., Suite 708, Saddle Brook, NJ 07663. (c) Bulldog Investors,LLC is a registered investment adviser. Messrs. Goldstein, Dakos and Samuels are control persons of Bulldog Investors,LLC. (d) n/a (e) On October 17, 2007, the Massachusetts Secretary of State issued a permanent "obey the law" injunction and fined Messrs. Goldstein, Dakos and Samuels and certain related parties (collectively, the "Respondents") $25,000 for operating a non-password protected website containing information about certain unregistered investments and sending an e-mail about such investments to a Massachusetts resident who requested information.On April 5, 2012, the President signed the JOBS Act which expressly permits such acts. Consequently, on June 29, 2012, the Respondents submitted a motion to the Secretary to vacate his order. (f) Each of Messrs. Goldstein, Dakos and Samuels is a citizen of the United States. ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS Shares of the Issuer have been accumulated on behalf of clients of Bulldog Investors,LLC. ITEM 4. PURPOSE OF TRANSACTION The Fund's shares have long traded at a large discount to their net asset value. The filing persons have previously advised management to promptly address the discount problem. Since no measures to enhance shareholder value have been announced, they intend to propose that shareholders be afforded an opportunity to realize NAV for their shares by, among other things, conducting a large self-tender offer at or close to NAV, or converting the Fund to an ETF which will trade in a narrow range around NAV. The filing persons may also seek to elect directors and/or to terminate the Fund's advisory agreement. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As per the N-CSRS filed on March 18, 2013, there were 30,969,245 shares outstanding as of December 31, 2012. The percentage set forth herein was derived using such number. Bulldog Investors, LLC, Phillip Goldstein, Andrew Dakos and Steven Samuels are deemed to be the beneficial owner of 1,703,177 shares of SWZ (or 5.50% of the outstanding shares) solely by virtue of Bulldog Investors,LLC's power to direct the vote of, and dispose of, these shares.Those 1,703,177 shares of SWZ are also beneficially owned by clients of Bulldog Investors, LLC. The Reporting Persons disclaim beneficial ownership of these shares, except to the extent of any pecuniary interest therein. (b) Bulldog Investors, LLC has sole power to dispose of and vote 833,429 shares. Bulldog Investors, LLC has shared power to dispose of and vote 869,748 shares. Certain of Bulldog Investors, LLC's clients (none of whom beneficially own more than 5% of SWZ's shares) share this power with Bulldog Investors, LLC. Messrs. Goldstein, Dakos and Samuels are control persons of Bulldog Investors, LLC. c) During the past 60 days the following shares of SWZ were purchased: Date: Shares: Price: 06/10/13 33,600 12.6712 06/11/13 4,230 12.5300 06/12/13 31,900 12.6138 06/17/13 1,041 12.7100 06/19/13 19,808 12.6869 06/20/13 34,852 12.4104 06/25/13 20,800 11.9664 06/26/13 18,498 12.1283 07/02/13 62,785 12.2786 07/03/13 28,653 12.3006 07/05/13 25,000 12.2264 07/08/13 13,210 12.3618 07/09/13 7,761 12.3855 07/10/13 33,242 12.3686 07/11/13 50,000 12.6226 07/12/13 3,800 12.6155 07/15/13 11,943 12.7598 07/15/13 12,014 12.7400 07/16/13 5,404 12.6888 07/19/13 36,947 12.7552 07/22/13 4,267 12.7902 07/23/13 18,362 12.7887 07/24/13 24,650 12.7888 07/25/13 34,800 12.7140 07/26/13 15,640 12.6497 07/29/13 37,000 12.6967 07/30/13 6,193 12.7142 07/31/13 38,538 12.7753 08/02/13 14,120 12.9786 08/06/13 19,111 13.1388 08/07/13 25,000 13.0870 08/07/13 21,781 13.1073 d) Clients of Bulldog Investors, LLC are entitled to receive any dividends or sales proceeds. e) N/A ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. N/A ITEM 7. MATERIAL TO BE FILED AS EXHIBITS See exhibit A After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: 8/8/2013 By: /S/ Phillip Goldstein Name: Phillip Goldstein By: /S/ Andrew Dakos Name: Andrew Dakos By: /S/ Steven Samuels Name: Steven Samuels Bulldog Investors, LLC By: /s/ Andrew Dakos Andrew Dakos, Member Footnote 1: The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest therein. Exhibit A: Agreement to Make Joint Filing Agreement made as of the 8TH day of August, 2013, by and among Bulldog Investors, LLC, Phillip Goldstein, Andrew Dakos, and Steven Samuels. WHEREAS, Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 provides that whenever two or more persons are required to file a statement containing the information required by Schedule 13D with respect to the same securities, only one such statement need be filed, so long as, among other things, such filing includes as an exhibit an agreement among such persons that such a statement is filed on behalf of each of them; WHEREAS, in connection with certain holdings of SWISS HELVETIA FUND (SWZ), each of the parties to this Agreement is required to file a statement containing the information required by Schedule 13D with respect to the same holdings of SWZ; NOW THEREFORE, the parties hereby agree that one statement containing the information required by Schedule 13D shall be filed on behalf of each party hereto. IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first written above. By:/s/ Phillip Goldstein By:/s/ Andrew Dakos Phillip Goldstein Andrew Dakos BULLDOG INVESTORS, LLC By: /s/ Steven Samuels By: /s/ Andrew Dakos Steven Samuels Andrew Dakos, Member