SRH Total Return Fund Declares $0.20 Quarterly Distribution Yielding 4.55%
SRH Total Return Fund declared its July 31, 2026 quarterly distribution of $0.20 per share under its managed program targeting $0.80 annually. At May 15 market price of $17.58 and NAV $22.61, the distribution yields 4.55% on market price and 3.54% on NAV, with shares at a 22.25% NAV discount.
1. Distribution Details
SRH Total Return Fund declared a $0.20 per share distribution payable on July 31, 2026, with both record and ex-dividend dates set for July 24, 2026. This marks the Fund’s scheduled fourth quarterly payout under its managed distribution program.
2. Yield and Discount Analysis
Based on the May 15 closing market price of $17.58 and NAV of $22.61, the $0.20 distribution equates to a 4.55% annualized yield on market price and 3.54% on NAV. Shares trade at a 22.25% discount to NAV, potentially boosting market-based returns if that discount persists at distribution.
3. Managed Distribution Program
The Fund’s managed distribution program, established in November 2015 under a Section 19(b) exemptive order, seeks to provide consistent quarterly distributions of $0.20 per share, totaling approximately $0.80 annually, irrespective of income or capital gains realized.
4. Fund Profile
SRH Total Return Fund is a non-diversified closed-end investment company trading on the NYSE under the symbol STEW. Unlike open-end funds, it issues and redeems shares exclusively through secondary market transactions executed by brokers.