Director Phillip Goldstein adds 10,000 shares of Total Return Securities Fund (SWZ)

Rhea-AI Filing Summary

Phillip Goldstein, a director of Total Return Securities Fund, reported buying additional shares of the fund’s common stock. On 02/06/2026, he purchased 10,000 shares at a price of $6.07 per share. Following this transaction, he directly owns 82,910 common shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GOLDSTEIN PHILLIP

(Last) (First) (Middle)

60 HERITAGE DRIVE

(Street)

PLEASANTVILLE NY 10570

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Total Return Securities Fund [ SWZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/06/2026		P		10,000	A	$6.07	82,910	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Stephanie Darling, Power of Attorney for Phillip Goldstein	02/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Phillip Goldstein report for SWZ?

Phillip Goldstein reported buying 10,000 shares of Total Return Securities Fund common stock. The purchase occurred on 02/06/2026 at a price of $6.07 per share, increasing his directly held stake in the fund.

At what price did the SWZ director buy new shares?

The director purchased new Total Return Securities Fund shares at $6.07 per share. This price applied to all 10,000 common shares acquired in the 02/06/2026 transaction disclosed in the Form 4 insider trading report.

How many SWZ shares does Phillip Goldstein own after this trade?

After the reported trade, Phillip Goldstein directly owns 82,910 shares of Total Return Securities Fund common stock. This figure reflects his updated beneficial ownership following the 10,000-share purchase on 02/06/2026 at $6.07 per share.

Is Phillip Goldstein a director of Total Return Securities Fund (SWZ)?

Yes, Phillip Goldstein is listed as a director of Total Return Securities Fund. The Form 4 filing identifies his relationship to the issuer as a director and reports his recent open-market purchase of 10,000 common shares on 02/06/2026.

Was the SWZ insider transaction a purchase or a sale?

The SWZ insider transaction was a purchase of shares, coded “P” in the filing. On 02/06/2026, director Phillip Goldstein acquired 10,000 common shares at $6.07 each, increasing his directly owned position to 82,910 shares.

Does Phillip Goldstein hold his SWZ shares directly or indirectly?

Phillip Goldstein holds his Total Return Securities Fund shares directly according to the filing. The ownership form is marked “D” for direct, and no footnotes indicate indirect ownership through entities or special voting or investment arrangements.