Fund CEO-linked entity buys 4,963 Total Return shares
Total Return Securities Fund reported that an entity associated with President and CEO Andrew Dakos made open-market purchases of the fund’s common stock.
Rhea-AI Filing Summary
Total Return Securities Fund reported that an entity associated with President and CEO Andrew Dakos made open-market purchases of the fund’s common stock. A limited partnership in which he has a beneficial interest bought a total of 4,963 shares in early April.
The partnership acquired 4,863 shares at a weighted average price of $5.928 per share on April 2 and 100 shares at $5.95 per share on April 6. A separate entry shows Dakos directly holding 39,453 common shares as of April 2. He disclaims beneficial ownership of the partnership-held shares beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,963 shares
Net Buy
3 txns
Insider
Dakos Andrew
Role
President and CEO
Bought
4,963 shs ($29K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 100 | $5.95 | $595.00 |
| Purchase | Common Stock | 4,863 | $5.928 | $29K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 88,282 shares (Indirect, Limited 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
Total shares purchased: 4,963 shares
Shares bought on April 2, 2026: 4,863 shares
Price on April 2, 2026: $5.928 per share
+4 more
7 metrics
Total shares purchased
4,963 shares
Open-market purchases of SWZ common stock in early April 2026
Shares bought on April 2, 2026
4,863 shares
Open-market purchase of common stock at weighted average price
Price on April 2, 2026
$5.928 per share
Weighted average purchase price for 4,863 shares
Shares bought on April 6, 2026
100 shares
Open-market purchase of common stock
Price on April 6, 2026
$5.95 per share
Purchase price for 100 shares
Direct holdings
39,453 shares
Common stock held directly as of April 2, 2026
Indirect holdings after April 6 trade
88,282 shares
Common stock held indirectly by limited partnership following April 6 purchase
Key Terms
open-market purchase, limited partnership, beneficial interest, weighted average price
4 terms
open-market purchase financial
"transaction_action is described as an open-market purchase 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 beneficial interest"
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 and disclaims beneficial ownership beyond pecuniary 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.
weighted average price financial
"Footnote states the reported figure 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 SWZ report for Andrew Dakos?
Total Return Securities Fund reported that a limited partnership associated with President and CEO Andrew Dakos bought 4,963 common shares in open-market transactions, split between 4,863 shares on April 2 and 100 shares on April 6 at prices near $5.93 per share.
Were the SWZ insider purchases made in the open market?
Yes. The filing describes both transactions as open-market purchases of SWZ common stock, coded as “P” for purchase. The partnership paid a weighted average price of $5.928 on April 2 and $5.95 on April 6 for the acquired shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
