Company: SWZ
Filing Date: 2025-08-20
Form Type: SC TO-C
Source: 0000894189-25-005653
Chunk: 0

Company: Total Return Securities Fund
Filing Date: 2025-08-20
Form: SC TO-C
Chunk 0
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SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------- SCHEDULE TO TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) of the Securities Exchange Act of 1934 ---------------------- TOTAL RETURN SECURITIES FUND (Name of Subject Company (Issuer)) TOTAL RETURN SECURITIES FUND (Name of Filing Persons (Offerors) Common Stock, Par Value $0.001 Per Share (Title of Class of Securities) 870875101 (CUSIP Number of Class of Securities) ---------------------- WILLIAM G. FARRAR, ESQ. SULLIVAN & CROMWELL LLP 125 BROAD STREET NEW YORK, NY 10004-2498 TELEPHONE: (212) 558-4000 ---------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications on Behalf of Filing Persons) ---------------------- COPY TO: ANDREW DAKOS BULLDOG INVESTORS, LLP PARK 80 WEST – PLAZA TWO 250 PEHLE AVE., 7 THFLOOR SADDLE BROOK, NJ 07663 TELEPHONE: (201) 881-7101 CALCULATION OF FILING FEE

| Transaction Valuation | Amount of Filing Fee |
| Not Applicable*       | Not Applicable*      |

| • | No fee is due if the filing relates solely to preliminary communications before the commencement of a tender offer. |

☐ Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. Amount Previously Paid: NoneFiling Party: Not applicable Form or Registration No.: Not applicableDate Filed: Not applicable ⌧  Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. Check the appropriate boxes to designate any transactions to which the statement relates: ☐ Third-party tender offer subject to Rule 14d-1. ⌧ Issuer tender offer subject to Rule 13e-4. ☐ Going-private transaction subject to Rule 13e-3. ☐ Amendment to Schedule 13D under Rule 13d-2. Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐ Item