SWZ (Total Return Securities Fund) CEO-linked partnership buys 5,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Total Return Securities Fund reported insider activity involving President and CEO Andrew Dakos. A limited partnership associated with Dakos made open-market purchases of 5,000 shares of common stock at about $5.92 per share. Following these transactions, the partnership held 131,000 shares indirectly, while Dakos also reported 40,000 shares held directly. The footnote states he disclaims beneficial ownership of the partnership-held shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,000 shares ($29,601)
Net Buy
3 txns
Insider
Dakos Andrew
Role
President and CEO
Bought
5,000 shs ($30K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 233 | $5.92 | $1K |
| Purchase | Common Stock | 4,767 | $5.9203 | $28K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 126,233 shares (Indirect, Limited Partnership);
Common Stock — 40,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 5,000 shares
Purchase price (block 1): $5.9203 per share
Purchase price (block 2): $5.9200 per share
+3 more
6 metrics
Shares purchased
5,000 shares
Open-market common stock purchases on 2026-07-02
Purchase price (block 1)
$5.9203 per share
Open-market purchase of 4,767 shares
Purchase price (block 2)
$5.9200 per share
Open-market purchase of 233 shares
Indirect holdings after
131,000 shares
Limited partnership holdings following purchases
Direct holdings after
40,000 shares
Directly held common stock as of 2026-07-02
Net share direction
5,000-share net buy
Transaction summary for this Form 4
Key Terms
open-market purchase, limited partnership, beneficial interest, indirect holdings, +1 more
5 terms
open-market purchase financial
"made open-market purchases of 5,000 shares of common stock"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
limited partnership financial
"Shares are held by a limited partnership in which Mr. Dakos has"
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
beneficial interest financial
"Mr. Dakos has a beneficial interest. Mr. Dakos disclaims beneficial"
Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.
indirect holdings financial
"the partnership held 131,000 shares indirectly, while Dakos also"
pecuniary interest financial
"disclaims beneficial interest in such shares except to the extent of any pecuniary interest"
FAQ
What insider transaction did Total Return Securities Fund (SWZ) disclose?
Total Return Securities Fund disclosed that a limited partnership associated with President and CEO Andrew Dakos bought 5,000 common shares in open-market transactions around $5.92 per share, increasing its indirect holdings to 131,000 shares while he also reports 40,000 shares held directly.
Were the SWZ insider transactions direct or through an entity?
The Form 4 shows 5,000 shares purchased indirectly through a limited partnership, plus a separate direct holding entry of 40,000 shares. A footnote explains the partnership holds the indirectly reported shares, and Dakos disclaims beneficial ownership beyond his pecuniary interest.