CEO-linked entity buys 6,000 SWZ fund shares
Total Return Securities Fund director and President/CEO Andrew Dakos reported indirect open-market purchases of the fund’s common stock through a limited partnership in which he has a beneficial interest.
Rhea-AI Filing Summary
Total Return Securities Fund director and President/CEO Andrew Dakos reported indirect open-market purchases of the fund’s common stock through a limited partnership in which he has a beneficial interest. The partnership bought 2,000 shares at $5.95 and 4,000 shares at $5.975, totaling 6,000 shares.
After these transactions, the limited partnership held 94,282 shares indirectly associated with Dakos, while he also held 39,453 shares directly. A 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: 6,000 shares
Net Buy
3 txns
Insider
Dakos Andrew
Role
President and CEO
Bought
6,000 shs ($36K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 4,000 | $5.975 | $24K |
| Purchase | Common Stock | 2,000 | $5.95 | $12K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 94,282 shares (Indirect, Limitied Partnership);
Common Stock — 39,453 shares (Direct)
Footnotes (2)
- F1. Shares are held by a limited partnership in which Mr. Dakos has a beneficial interest. Mr. Dakos disclaims beneficial interest in such shares except to the extent of any pecuniary interest therein.
- F2. Represents the weighted average price.
Key Figures
Shares purchased 2026-04-08: 4,000 shares
Shares purchased 2026-04-07: 2,000 shares
Total new shares bought: 6,000 shares
+2 more
5 metrics
Shares purchased 2026-04-08
4,000 shares
Open-market buy at $5.975 per share
Shares purchased 2026-04-07
2,000 shares
Open-market buy at $5.95 per share
Total new shares bought
6,000 shares
Net-buy across two open-market transactions
Indirect holdings after trades
94,282 shares
Common stock held by limited partnership associated with Dakos
Direct holdings
39,453 shares
Common stock held directly by Andrew Dakos as of 2026-04-07
Key Terms
open-market purchase, beneficial interest, limited partnership, indirect ownership, +1 more
5 terms
open-market purchase financial
"transaction_action": "open-market purchase""
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.
beneficial interest financial
"in which Mr. Dakos has a beneficial interest."
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.
limited partnership financial
"Shares are held by a limited partnership in which Mr. Dakos"
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.
indirect ownership financial
""ownership_type": "indirect""
weighted average price financial
"Represents the weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Andrew Dakos report for Total Return Securities Fund (SWZ)?
Andrew Dakos reported indirect open-market purchases of 6,000 SWZ common shares through a limited partnership. The partnership bought 2,000 shares at $5.95 and 4,000 shares at $5.975, increasing indirect holdings associated with him to 94,282 shares, alongside 39,453 shares held directly.
What are Andrew Dakos’s SWZ holdings after these Form 4 transactions?
Following the reported transactions, a limited partnership associated with Andrew Dakos held 94,282 SWZ common shares, and he also held 39,453 shares directly. These figures show both his indirect and direct positions as of the reported dates, combining entity-held and personally held shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
