Total Return Securities Fund (SWZ) Director Moritz A Buys 3,000 Shares

What Happened

• Moritz A, a director of Total Return Securities Fund (ticker SWZ), acquired 3,000 shares on 2026-08-31 via an open-market or private purchase (transaction code P) at $5.98 per share, for a total reported value of $17,940. This was a purchase rather than a sale.

Key Details

• Transaction date and price: 2026-08-31 at $5.98 per share.
• Shares transacted and value: 3,000 shares, $17,940 total.
• Transaction type: Purchase (open market or private purchase; code P).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — Amount includes shares acquired through the issuer's dividend reinvestment plan.
• Filing: Report filed 2026-09-01 (Accession 0001398344-26-016344); filing appears timely (filed within two business days of the transaction).

Context

• This was a straight share purchase (no options exercised, no gifts, no derivative transaction). Footnote F1 indicates dividend reinvestment activity is included in the amount, which can reflect routine reinvestment rather than an active market buy. The reported purchase is modest in size (~$18k) and should be considered accordingly.