Total Return Securities Fund's SEC filings document formal governance and shareholder-voting matters for the NYSE-listed fund. Its proxy materials cover annual meeting business, director elections, auditor ratification, voting procedures, and stockholder proposal mechanics. Fund-related disclosures also frame capital-structure matters such as common-share rights offerings, tender offers, and NAV-based terms when those actions are presented in registration or transaction materials.
Total Return Securities Fund director reported buying additional shares through a rights offering. On 12/11/2025, the director acquired 7,400 shares of common stock at a price of $6.07 per share, using rights that had been issued to shareholders of record as of November 14, 2025. Each right allowed the purchase of one share and holders could request extra shares if available.
After this transaction, the director beneficially owned 11,800 common shares directly, which includes shares previously acquired through the fund’s dividend reinvestment plan. The filing reflects purchases made pursuant to this rights offering.
Total Return Securities Fund insider Andrew Dakos, who serves as Director and President and CEO, reported a purchase of fund shares through a rights offering. On 12/11/2025, he acquired 35,064 shares of common stock, coded as an exercise of rights (transaction code M), at a price of $6.07 per share. This transaction arose from non-transferable rights granted to shareholders on the record date of November 14, 2025, allowing one new share to be purchased for each share owned, with an option to oversubscribe.
Following this transaction, Dakos directly holds 35,128 shares of common stock and has an additional 3,000 shares held indirectly through a limited partnership in which he has a beneficial interest. He disclaims beneficial ownership of the partnership-held shares beyond any pecuniary interest.
Total Return Securities Fund (SWZ) reported an insider share purchase by an officer who serves as Secretary. On 12/11/2025, the reporting person acquired 468 shares of common stock in a transaction coded "M," indicating the exercise of previously issued rights. The shares were acquired at a price of $6.07 per share, bringing the officer’s total directly held beneficial ownership to 500 common shares after the transaction.
The filing explains that non-transferable rights were issued to stockholders of record as of November 14, 2025 in connection with a rights offering. Each right allowed the holder to purchase one share of common stock, with the ability to oversubscribe for additional shares if available. The reported purchase reflects shares acquired through this rights offering.
Total Return Securities Fund director reports new share acquisition through a rights offering. On 12/11/2025, the reporting person acquired 80,976 shares of common stock at $6.07 per share, increasing their directly held position to 93,224 shares.
The transaction reflects participation in a rights offering where non-transferable rights were issued to stockholders of record as of November 14, 2025 at a rate of one right for each share owned. Each right allowed the holder to purchase one additional common share, with an option to oversubscribe for extra shares if available.
RiverNorth Capital Management, LLC filed an amended Schedule 13G reporting its beneficial ownership in Total Return Securities Fund. The firm reported ownership of 378,637 shares, representing 2.91% of the class, with sole voting and sole dispositive power over all reported shares. The date of the event triggering this filing was 09/30/2025.
The filer is identified as an investment adviser and indicates ownership of 5 percent or less of the class. The filing also notes that other persons have the right to receive the proceeds from the sale of the securities reported.
Total Return Securities Fund (SWZ) reported an insider purchase by a director. On 10/27/2025, the director acquired 1,000 shares of common stock at $6.055 per share in an open-market transaction coded “P.”
Following the trade, the director beneficially owns 4,400 shares directly. The filing notes this amount includes shares acquired through the issuer’s dividend reinvestment plan.
Allspring Global Investments Holdings, LLC filed an amended Schedule 13G reporting beneficial ownership of 2,127,310 shares of Total Return Securities Fund Class B shares, which represents 16.4% of the class. The filing states 2,013,125 shares are held with sole voting power and 2,127,310 shares with sole dispositive power, and that the securities are owned of record by clients of Allspring-related investment advisers. The filer certifies the position is held in the ordinary course of business and not for the purpose of changing control.
Total Return Securities Fund reported that Lazard Asset Management LLC beneficially owns 666,252 shares of the fund's equity, representing 5.1% of the class. The filing states Lazard is organized in New York and exercises sole voting and sole dispositive power over all 666,252 shares, with no shared voting or dispositive power. The statement includes a certification that the shares were not acquired to change or influence control of the issuer. The filing lists issuer headquarters as U.S. Bank Global Fund Services in Milwaukee.
Total Return Securities Fund (SWZ): RiverNorth Capital Management, LLC reports beneficial ownership of 669,946 shares, representing 5.16% of the class. RiverNorth is identified as an investment adviser and discloses sole voting and dispositive power over these shares, indicating it can vote and sell the shares without sharing authority. The filing contains a certification that the securities are held in the ordinary course of business and are not held to change or influence control. This Schedule 13G is a routine disclosure of a passive, material stake.