GOLDSTEIN PHILLIP 4

What Happened
Phillip Goldstein, a director of Total Return Securities Fund (ticker: SWZ), reported an acquisition of 10,000 shares on 2026-02-06. The purchase was reported at $6.07 per share, for a total transaction value of $60,700. The Form 4 classifies the trade as a purchase (code P), indicating an open-market or private purchase.

Key Details

• Transaction date: 2026-02-06; reported on Form 4 filed 2026-02-10 (filing appears timely).
• Price and quantity: 10,000 shares at $6.07 per share; total $60,700.
• Transaction code: P (purchase — open market or private purchase).
• Shares owned after the transaction: not specified in the provided excerpt; see the full Form 4 for post-transaction holdings.
• No footnotes (e.g., 10b5-1 plan, tax withholding) were provided in the summary you supplied.

Context
Purchases by insiders can be interpreted by investors as a sign of confidence, though filings alone do not reveal motivation. This report is a straightforward share purchase; there are no derivative exercises, gifts, or sales associated with this entry. For full details (exact post-transaction holdings, any text footnotes, and the official filing), consult the SEC Form 4 with accession number 0001398344-26-002632.