DENVER, CO / ACCESSWIRE / November 13, 2024 / SRH Total Return Fund, Inc. (NYSE:STEW) (the "Fund") is pleased to announce a 20% increase in the Fund's quarterly distribution to $0.165 per share beginning in January 2025, payable on the date noted below. This is the fourth consecutive annual increase of the Fund's managed distribution. The distribution has been increased by 12.8% annually over the last four years. 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 $0.165 per quarter, or approximately $0.66 per year, to common stockholders. As of market close on November 8, 2024, the distribution (on an annualized basis) amounts to approximately 4.07% of the Fund's market price and 3.13% of its net asset value ("NAV"). The January 2025 quarterly distribution will be payable in cash to stockholders of record per the following critical dates:

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.

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.