Total Return Securities Fund — Director's Dealing 2026

Jan 27, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Total Return Securities Fund (SWZ)
CIK: 0000813623
Period of Report: 2026-01-23

Reporting Person: Dakos Andrew (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-01-23	Common Stock	D	997	$6.81	Disposed	2003	Indirect
2026-01-23	Common Stock	D	11675	$6.81	Disposed	23453	Direct

Footnotes

F1: Represents sale of shares to the issuer pursuant to tender offer exempt under Rule 16b-3.

F2: 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.