Total Return Securities Fund SWZ

expiry = 2026-01-20...OFFER TO PURCHASE Up to 4,000,000 Shares of Common Stock At a Cash Purchase Price of 98% of Net Asset Value Per Share by Total Return Securities Fund THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON January 20, 2026 UNLESS THE FUND EXTENDS THE OFFER. Total Return Securities Fund (f/k/a/ The Swiss Helvetia Fund), a non-diversified closed-end management investment company incorporated under the laws of the state of Delaware (the “Fund”), is offering to...

listed = True...isapproved of this transaction or passed upon the merits or fairness of the transaction or passed upon the adequacy or accuracy of the information contained in this offer to purchase. Any representation to the contrary is a criminal offense. The Fund’s shares are listed on the NYSE under the ticker symbol “SWZ.” The NAV per share as of the close of the regular trading session of the NYSE on December 15, 2025 was $6.97 per share and the last reported sale price on the NYSE on such date for a share was $6.24. The Fund’s NAV is calculated daily by 6:15 p.m. Eastern Time. Until the Offer expires, NAV per share quotatio...

mechanism = NAV_PERCENT...ecurities Fund SC TO-I Exhibit 99.(a)(1)(i) Total Return Securities Fund c/o U.S. Bank Global Fund Services 615 East Michigan Street Milwaukee, Wisconsin 53202 1-800-730-2932 OFFER TO PURCHASE Up to 4,000,000 Shares of Common Stock At a Cash Purchase Price of 98% of Net Asset Value Per Share by Total Return Securities Fund THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON January 20, 2026 UNLESS THE FUND EXTENDS THE OFFER. Total Return Securities Fund (f/k/a/ The Swiss Helvetia Fund), a non-diversified closed-end management investment company incorporated under the laws of the...

no_priority = True...hares tendered to the Fund by each such stockholder, unless the Fund determines not to purchase any shares as described in Section 6 of this offer to purchase. This Offer will not have any special pro ration provision for odd-lot tenders, which means that all odd-lot tenders (including stockholders who own fewer than 100 shares) are subject to pro ration and will not receive priority. See Section 1. If I decide not to tender, how will the Offer affect my shares? Stockholders who choose not to tender will own a greater percentage interest in the Fund’s outstanding shares of common stock immediately following the consummation of the Offer. Immediately following the consummation of the Offer, the Fund will hold fewer as...

price = USD 6.83...stockholders tendered all shares offered for purchase pursuant to the Offer, payments by the Fund to the participating stockholders would be approximately $27,322,400 (based on a price per share of $6.83, which is approximately 98% of the NAV per share as of the close of the regular trading session of the NYSE on December 15, 2025). 15 To pay the aggregate purchase price of shares accepted for payment pursuant to the Of...

txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 ex99-a1i.htm OFFER TO PURCHASE, DATED DECEMBER 19, 2025 Total Return Securities Fund SC TO-I Exhibit 99.(a)(1)(i) Total Return Securities Fund c/o U.S. Bank Global Fund Services 615 East Michigan Street Milwaukee, Wisconsin 53202 1-800-730-2932 OFFER TO PURCHASE Up to 4,000,000 Shares of Common Stock At a Cash Purchase Price of 98% of Net Asset Value Per Share by Tota...