Company: SWZ
Filing Date: 2025-10-23
Form Type: N-2/A
Source: 0001999371-25-015937
Chunk: 75

Company: Total Return Securities Fund
Filing Date: 2025-10-23
Form: N-2/A
Chunk 75
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4. | The                       
 shareholder meeting date; |

| 5. | A                                         
 brief description of the matter voted on; |

| 6. | Whether                                                       
 the matter was proposed by the issuer or the security holder; |

| 7. | Whether                               
 the Fund cast its vote on the matter; |

| 8. | How                                                                       
 the Fund cast its vote (e.g., for or against proposal, or abstain; for or 
 withhold regarding election of directors) and                             |

| 9. | Whether                                           
 the Fund cast its vote for or against management. |

More Information

Information regarding how the Fund voted any proxies related to portfolio securities during the most recent 12-month period ended June 30 is available (1) without charge, upon request by contacting the Fund’s Shareholder Services at 1-800-937-5449 or (2) on the EDGAR Database on the SEC’s website (www.sec.gov).

<div align='center'>ADMINISTRATIVE SERVICES, CUSTODIAN, TRANSFER AGENT</div>

U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services (“Fund Services”), an indirect wholly owned subsidiary of U.S. Bancorp, acts as the Fund’s Administrator under an Administration Agreement. Fund Services prepares various federal and state regulatory filings, reports and returns for the Fund; prepares reports and materials to be supplied to the Directors; monitors the activities of the Fund’s custodian; coordinates the preparation and payment of the Fund’s expenses and reviews the Fund’s expense accruals. Fund Services also serves as the Fund’s fund accountant. For the fiscal year ended December 31, 2024, the Fund paid Fund Services $125,916 for its administration and accounting services.

The principal business address for Fund Services is 615 East Michigan Street Milwaukee, WI 53202.

U.S. Bank, N.A. (“U.S. Bank”), an affiliate of Fund Services, serves as the Fund’s custodian. The principal business address for U.S. Bank is 1555 North RiverCenter Drive, Suite 300, Milwaukee, WI 53212.

<div align='center'>B-15</div>

Equiniti Trust Company, LLC, located at 6201 15th Avenue, Brooklyn, NY 11219, serves as the Fund’s transfer agent and registrar.

<div align='center'>PORTFOLIO MANAGERS</div>

The Fund is managed by