SRH Total Return Fund

STEW

Market cap $1.71B

SRH Total Return Fund offers an actively managed, value-driven portfolio trading at a historically attractive 20.6% discount to NAV. STEW has delivered strong total returns and resilient performance during downturns, but underperforms tech-heavy indices due to limited technology exposure. The fund provides a growing 3.6% dividend yield, with payouts increasing at a 9.16% CAGR over five years and distributions structured for tax efficiency.

SRH Total Return Fund is a concentrated, value-focused closed-end fund with assets significantly concentrated in Berkshire Hathaway while charging a high fee. STEW's high expense ratio (2.28%) and modest distribution make it less attractive compared to more diversified, lower-fee peers like ADX, GAM, and CET. The fund's heavy reliance on BRK.A/B performance and an uncertain post-Buffett outlook raise concerns about concentration risk and future returns.

DENVER, CO / ACCESS Newswire / August 14, 2025 / SRH Total Return Fund, Inc. (NYSE:STEW) (the "Fund") announced the declaration of a quarterly distribution of $0.1650 per share to occur in October 2025. 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 $0.1650 per quarter or approximately $0.66 per year.

When it comes to a closed-end fund (CEF), many investors are always focused on one thing: the dividend.

Notification of Sources of Distribution Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESS Newswire / July 31, 2025 / On July 31, 2025, SRH Total Return Fund, Inc. (NYSE:STEW) (the "Fund"), a closed-end investment company, will pay a distribution on its common stock of $0.1650 per share to stockholders of record at the close of business on July 24, 2025. The Fund, acting in accordance with an exemptive order received from the Securities and Exchange Commission and with approval of its Board of Directors, adopted a managed distribution policy under which the Fund may utilize capital gains, where applicable, as part of regular quarterly cash distributions to its stockholders.

I know I don't have to tell you this market is “pricey”—levitating from all-time high to all-time high. That's got a lot of investors stuck on the sidelines, too afraid to buy until we get another dip.

I rate STEW a buy for its strong earnings, solid dividend coverage, and attractive 20% discount to NAV, offering compelling value. The fund's resilience during market downturns, focus on high-quality holdings like Berkshire Hathaway, and consistent dividend growth stand out. STEW's 3.7% yield is well-supported by earnings and tax-efficient distributions, making it ideal for income-focused investors in taxable accounts.

Closed-end funds offer unique opportunities due to the structure, which allows for the share price to swing wildly different from the underlying portfolio value. There are activist groups that specifically target these in a way to take advantage of this feature within the closed-end fund space. On top of that, it also provides significant diversification by investing in already diversified CEFs, and additionally, this can translate into strong monthly distributions.

DENVER, CO / ACCESS Newswire / May 8, 2025 / SRH Total Return Fund, Inc. (NYSE:STEW) (the "Fund") announced the declaration of a quarterly distribution of $0.1650 per share to occur in July 2025. 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 $0.1650 per quarter or approximately $0.66 per year.

STEW is a solid core holding with a large cap value tilt, with about 40% invested in Berkshire Hathaway and about 10% in J.P. Morgan Chase. The fund's locked-in low-cost fixed leverage below 3% is a significant advantage, driving alpha and outperforming peers. STEW's high discount to NAV, currently at -19.11%, makes it an attractive buy, especially when the discount exceeds 20%.