On what dates did the SWZ insider share acquisitions occur?

The reported acquisitions occurred on three dates. Goldstein made a 5,000-share open-market purchase on March 3, 2026, and two small Rule 16a-6 acquisitions of 68 and 256 shares on February 27, 2026 and February 26, 2026, respectively.

Total Return Securities Fund insider buys 5,000 shares

Q: What insider transactions did Phillip Goldstein report for SWZ?

Phillip Goldstein reported acquiring Total Return Securities Fund common stock. He bought 5,000 shares in an open-market transaction at $6.01 per share and made two small acquisitions of 68 and 256 shares at $6.16 per share.

Q: What prices did Phillip Goldstein pay for SWZ common stock?

Goldstein’s open-market purchase of Total Return Securities Fund common stock was at $6.01 per share for 5,000 shares. His two small Rule 16a-6 acquisitions were each priced at $6.16 per share for 68 and 256 shares.

Q: How many SWZ shares did Phillip Goldstein hold after these transactions?

After the March 3, 2026 open-market purchase, Goldstein directly held 93,234 shares of Total Return Securities Fund common stock. The Form 4 indicates these holdings as direct ownership, reflecting the cumulative effect of the reported acquisitions.

Q: What is Phillip Goldstein’s role at Total Return Securities Fund (SWZ)?

Phillip Goldstein is listed as a director and officer of Total Return Securities Fund, with the officer title of Secretary. The Form 4 also identifies him as an affiliate of the adviser, indicating a relationship with the fund’s advisory entity.

Q: Were the SWZ insider acquisitions direct or indirect holdings?

All reported holdings in this Form 4 are classified as direct ownership. Each transaction in Total Return Securities Fund common stock is marked with ownership type and code “D”, and no footnotes describe indirect entities or separate voting or investment authority.

Total Return Securities Fund director and secretary Phillip Goldstein reported multiple acquisitions of the fund’s common stock.

Accepted by SEC EDGAR 03/05/2026 - 04:11 PM EST

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Rhea-AI Filing Summary

Total Return Securities Fund director and secretary Phillip Goldstein reported multiple acquisitions of the fund’s common stock. On March 3, 2026, he made an open-market purchase of 5,000 shares at $6.01 per share, bringing his directly held total to 93,234 shares.

He also reported two earlier small acquisitions under Rule 16a-6: 68 shares at $6.16 per share on February 27, 2026 and 256 shares at $6.16 per share on February 26, 2026, both held as direct ownership.

Insider Trade Summary

Net Buyer: 5,000 shares

Net Buy 3 txns

Insider GOLDSTEIN PHILLIP

Role Secretary

Bought 5,000 shs ($30K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	5,000	$6.01	$30K
Small Acquisition	Common Stock	68	$6.16	$418.88
Small Acquisition	Common Stock	256	$6.16	$2K

Holdings After Transaction: Common Stock — 93,234 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Phillip Goldstein report for SWZ?

Phillip Goldstein reported acquiring Total Return Securities Fund common stock. He bought 5,000 shares in an open-market transaction at $6.01 per share and made two small acquisitions of 68 and 256 shares at $6.16 per share.

What prices did Phillip Goldstein pay for SWZ common stock?

Goldstein’s open-market purchase of Total Return Securities Fund common stock was at $6.01 per share for 5,000 shares. His two small Rule 16a-6 acquisitions were each priced at $6.16 per share for 68 and 256 shares.

How many SWZ shares did Phillip Goldstein hold after these transactions?

After the March 3, 2026 open-market purchase, Goldstein directly held 93,234 shares of Total Return Securities Fund common stock. The Form 4 indicates these holdings as direct ownership, reflecting the cumulative effect of the reported acquisitions.

What is Phillip Goldstein’s role at Total Return Securities Fund (SWZ)?

Phillip Goldstein is listed as a director and officer of Total Return Securities Fund, with the officer title of Secretary. The Form 4 also identifies him as an affiliate of the adviser, indicating a relationship with the fund’s advisory entity.

Were the SWZ insider acquisitions direct or indirect holdings?

All reported holdings in this Form 4 are classified as direct ownership. Each transaction in Total Return Securities Fund common stock is marked with ownership type and code “D”, and no footnotes describe indirect entities or separate voting or investment authority.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

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
X	Officer (give title below)	X	Other (specify below)
	Secretary		Affiliate of the Adviser

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/26/2026		L		256	A	$6.16	88,166	D
Common Stock	02/27/2026		L		68	A	$6.16	88,234	D
Common Stock	03/03/2026		P		5,000	A	$6.01	93,234	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	/s/ Stephanie Darling, Power of Attorney for Phillip Goldstein	03/05/2026
	** 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.

Source: View Original Filing on SEC EDGAR