Andrew Dakos - 23 Jan 2026 Form 4 Insider Report for Total Return Securities Fund (SWZ)

Role: President and CEO, Director
Signature: /s/ Stephanie Darling, Power of Attorney for Andrew Dakos
Issuer symbol: SWZ
Transactions as of: 23 Jan 2026
Net transactions value: -$86,296
Form type: 4
Filing time: 27 Jan 2026, 16:05:11 UTC
Previous filing: 13 Jan 2026
Next filing: 05 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Dakos Andrew	President and CEO, Director	250 PEHLE AVE., SUITE 708, SADDLE BROOK	/s/ Stephanie Darling, Power of Attorney for Andrew Dakos	27 Jan 2026	0001341021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SWZ	Common Stock	Disposed to Issuer	$6,790	-997	-33%	$6.81	2,003	23 Jan 2026	Limited Partnership	F1, F2
transaction	SWZ	Common Stock	Disposed to Issuer	$79,507	-11,675	-33%	$6.81	23,453	23 Jan 2026	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.