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Total Return Securities Fund·4

Jun 1, 4:25 PM ET

SELL MORITZ A 4

Research Summary

AI-generated summary

Updated

Total Return Securities Fund (SWZ) Director Moritz A Buys 1,000 Shares

What Happened
Director Moritz A acquired 1,000 shares of Total Return Securities Fund (SWZ) on 2026-05-29 at $6.01 per share, for a total reported cost of $6,010. The transaction is reported as a purchase (code P), which investors often view as a more informative signal than routine sales, though this acquisition includes shares from the fund's dividend reinvestment plan.

Key Details

  • Transaction date: 2026-05-29; Price: $6.01 per share; Shares: 1,000; Total value: $6,010.
  • Transaction code: P (Purchase — open market or private purchase).
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Footnote: F1 — Amount includes shares acquired through the issuer's dividend reinvestment plan.
  • Filing date: 2026-06-01 (filed within the Form 4 two-business-day reporting window; not late).

Context
The purchase appears to be a small, routine acquisition (including dividend reinvestment) rather than a large directional bet. For closed-end funds and similar issuers, dividend reinvestment plan purchases are common and may reflect reinvested distributions rather than a deliberate market-timing purchase.