TOTAL RETURN SECURITIES FUND PORTFOLIO SNAPSHOT

Total Return Securities Fund (NYSE: SWZ) has undergone significant changes following stockholder approval on February 21, 2025.

Rhea-AI Summary

Total Return Securities Fund (NYSE: SWZ) has undergone significant changes following stockholder approval on February 21, 2025. The fund implemented a new investment advisory agreement with Bulldog Investors, LLP effective March 31, 2025, and transformed its fundamental investment objective from Swiss equity focus to long-term total return.

The Fund's Board authorized a portfolio restructuring and announced a special cash distribution of $3.00 per share for record holders as of April 3, 2025. As of April 17, 2025, the Fund's portfolio composition stands at:

• Swiss Public Securities: 31.4%
• Swiss Non-Public Securities: 2.1%
• U.S. Public Securities: 7.5%
• Cash and Cash Equivalents: 59.0%

The Fund's total net assets amount to $90.4 million.

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NEW YORK, April 21, 2025 /PRNewswire/ -- As previously announced, on February 21, 2025, stockholders of Total Return Securities Fund (f/k/a The Swiss Helvetia Fund, Inc.) (the "Fund") (NYSE: SWZ) approved the following: (1) an investment advisory agreement between the Fund and Bulldog Investors, LLP (which was effective on March 31, 2025); (2) replacement of the Fund's fundamental investment objective of capital appreciation by investing in equity and equity-linked securities of Swiss companies with a non-fundamental investment objective of providing long-term total return; and (3) changes to the Fund's fundamental investment restrictions in order to expand the types of investments the Fund can make to meet its new investment objective. Also, as previously announced, the Fund's Board of Directors subsequently authorized (1) the sale of substantially all of the Fund's portfolio securities, and (2) a special cash distribution (consisting substantially or entirely of long-term capital gains) of $3.00 per share on April 14, 2025 to record holders as of April 3, 2025.

In response to requests from several shareholders to provide information about the Fund's current portfolio, the Fund has elected to provide the following breakdown of its portfolio as of Thursday, April 17, 2025.

Swiss Public Securities = 31.4%
Swiss Non-Public Securities = 2.1%
U.S. Public Securities = 7.5%
Cash and Cash Equivalents = 59.0%

Total Net Assets = $90.4 million

Contact: Thomas Antonucci, 201-881-7102, tantonucci@bulldoginvestors.com

View original content:https://www.prnewswire.com/news-releases/total-return-securities-fund-portfolio-snapshot-302433830.html

SOURCE Total Return Securities Fund

FAQ

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What changes were approved for Total Return Securities Fund (SWZ) in February 2025?

Stockholders approved a new investment advisory agreement with Bulldog Investors, LLP, changed the fund's investment objective to long-term total return, and modified fundamental investment restrictions to expand investment options.

How much is the special cash distribution announced by SWZ fund in April 2025?

The Fund announced a special cash distribution of $3.00 per share, payable on April 14, 2025, to shareholders of record as of April 3, 2025.

What is the current portfolio composition of SWZ fund as of April 17, 2025?

The portfolio consists of 31.4% Swiss Public Securities, 2.1% Swiss Non-Public Securities, 7.5% U.S. Public Securities, and 59.0% Cash and Cash Equivalents.

What is the total net asset value of Total Return Securities Fund (SWZ) as of April 2025?

The Fund's total net assets amount to $90.4 million as of April 17, 2025.

When did Bulldog Investors become the investment advisor for SWZ fund?

Bulldog Investors, LLP became the Fund's investment advisor effective March 31, 2025, following stockholder approval on February 21, 2025.