Das Rajeev P 4
4 · Total Return Securities Fund · Filed Jan 27, 2026
Research Summary
AI-generated summary of this filing
Total Return Securities Fund (SWZ) Secretary Das Rajeev P Sells 166 Shares
What Happened Das Rajeev P, Secretary of Total Return Securities Fund (SWZ), reported a disposition of 166 shares on January 23, 2026. The shares were sold back to the issuer at $6.81 per share, for a total value of $1,130. The transaction is coded as a disposition to the issuer (D).
Key Details
- Transaction date: 2026-01-23; Price: $6.81 per share; Shares disposed: 166; Total value: $1,130.
- Footnote: Sale was to the issuer pursuant to a tender offer exempt under Rule 16b-3 (per filing).
- Form 4 filed on 2026-01-27 (filed within the standard two-business-day window following the transaction).
- Shares owned after the transaction: not specified in the disclosure.
Context Dispositions to the issuer under a tender offer (Rule 16b-3) are commonly routine transactions for fund shares (e.g., redemptions or repurchases) and do not necessarily indicate insider sentiment about the fund’s future performance. This report documents a small, routine sale rather than an exercise, gift, or acquisition.
Insider Transaction Report
Form 4
Das Rajeev P
Secretary
Transactions
- Disposition to Issuer
Common Stock
[F1]2026-01-23$6.81/sh−166$1,130→ 334 total
Footnotes (1)
- [F1]Represents sale of shares to the issuer pursuant to tender offer exempt under Rule 16b-3.
Signature
/s/ Stephanie Darling, as Power of Attorney for Rajeev Das|2026-01-27