Company: SWZ
Filing Date: 2025-08-20
Form Type: SC TO-C
Source: 0000894189-25-005653
Chunk: 1

Company: Total Return Securities Fund
Filing Date: 2025-08-20
Form: SC TO-C
Chunk 1
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 12. Exhibits Exhibit No. Exhibit Name 99.1Press Release of Total Return Securities Fund dated August 18, 2025 Exhibit 99.1 TOTAL RETURN SECURITIES FUND, INC. ANNOUNCES RIGHTS OFFERING Press Release – For Immediate Release New York, New York—August 19, 2025 The Board of Directors (the “Board”) of Total Return Securities Fund, Inc. (f/k/a The Swiss Helvetia Fund, Inc.) (the “Fund”) (NYSE: SWZ) announced today that it intends to authorize the issuance of one non-transferable right for each share of the Fund held on a date to be announced to purchase one additional share of the Fund’s common stock at a subscription price of 85% of the net asset value (“NAV”) of the Fund’s shares on the expiration date (unless extended). Rights holders that fully exercise their rights will also be entitled to subscribe, subject to certain limitations to be set forth in a prospectus (which shall be available on the website of the Securities and Exchange Commission atwww.sec.gov ) and subject to allotment, for additional shares of stock that are not subscribed for by other rights holders. Shortly after completion of the rights offering, the Board intends to authorize a tender offer to purchase (1) 30% of the Fund’s outstanding shares if at least 8 million shares are issued in the rights offering, or (2) the greater of (a) 15% of the Fund’s outstanding shares and (b) the number of shares that would result in the Fund having approximately $90 million in net assets after completion of the tender offer if less than 8 million shares are issued in the rights offering, in either case at a price of at least 98% of NAV. Contact: Tom Antonucci at 201-881-7102 ortantonucci@bulldoginvestors.com. *** This press release is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any of the Fund’s securities in any jurisdiction, nor shall there be any sale, issuance or transfer of its securities in any jurisdiction in contravention of applicable law. No offer of the Fund’s securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933. This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an