Total Return Securities Fund
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- Total Return Securities, Inc. (NYSE: SWZ) is a closed-end management investment company that seeks long-term total return through a diversified portfolio of equity and equity-linked securities, primarily of Swiss companies, with limited investments in non-Swiss issuers; it employs an active management approach blending dividend-paying common stocks, corporate bonds, and other credit instruments across multiple industries and regions, potentially using moderate leverage to enhance returns while dynamically adjusting allocations based on market conditions. The fund offers monthly distributions to shareholders, combining current income with capital appreciation opportunities, and trades on the New York Stock Exchange under the ticker SWZ. Headquartered in New York, New York, at Seven Bryant Park, the company was founded in 1986 as The Swiss Helvetia Fund, Inc., a Delaware corporation registered under the Investment Company Act of 1940. Effective March 31, 2025, the fund underwent a significant reorganization, changing its name from The Swiss Helvetia Fund, Inc. to Total Return Securities Fund (also referred to as Total Return Securities, Inc.) and shifting its investment objective from long-term capital appreciation focused on Swiss equities to a broader pursuit of long-term total return. Stockholders approved key strategic changes at a special meeting on February 21, 2025, including a new investment advisory agreement with Bulldog Investors, LLP—replacing prior advisor Schroder Investment Management North America Inc.—and amendments to investment restrictions to expand portfolio flexibility. In August 2025, the fund launched a rights offering to issue additional shares at 85% of net asset value, followed by plans for a self-tender offer of up to 30% of outstanding shares at 98% of NAV, targeting approximately $90 million in post-tender net assets; the rights offering expired in December 2025 with related insider purchases noted. Bulldog Investors, LLP now serves as the fund sponsor, with portfolio managers Daniel Lenz and Stefan Frischknecht overseeing operations.
Total Return Securities (NYSE:SWZ) CEO Andrew Dakos Acquires 3,000 Shares of Stock
Total Return Securities (NYSE:SWZ) CEO Andrew Dakos Purchases 4,863 Shares
Total Return Securities Fund Announces Annual Meeting
Total Return Securities Fund Announces Final Pricing of Tender Offer
Total Return Securities Fund Announces Results of Tender Offer
Blue Bell Private Wealth Management LLC Increases Stock Position in Total Return Securities, Inc. $SWZ
Css Llc/Il Sells 7,772 Shares of Total Return Securities (NYSE:SWZ) Stock
Css Llc/Il Sells 12,196 Shares of Total Return Securities (NYSE:SWZ) Stock
Total Return Securities Fund Announces Commencement of a Cash Tender Offer
Total Return Securities Fund Announces Expiration of Rights Offering
No Thanks On SWZ Rights Offering
Total Return Securities Fund Provides Details About Rights Offering and Subsequent Tender Offer
CEF Weekly Review: Bulldog Is Back To Financial Engineering
Total Return Securities Fund, Inc. Announces Rights Offering
Total Return Securities Fund, Inc. Makes Announcement
TOTAL RETURN SECURITIES FUND PORTFOLIO SNAPSHOT
TOTAL RETURN SECURITIES FUND PORTFOLIO SNAPSHOT
THE SWISS HELVETIA FUND, INC. DECLARES SPECIAL DISTRIBUTION OF $3.00 PER SHARE
THE SWISS HELVETIA FUND, INC. DECLARES QUARTERLY DISTRIBUTION OF $0.1458 PER SHARE
SWZ: Will Be Converting To A 'Hedge Fund' Style CEF