Company: SWZ
Filing Date: 2025-10-23
Form Type: N-2/A
Source: 0001999371-25-015937
Chunk: 96

Company: Total Return Securities Fund
Filing Date: 2025-10-23
Form: N-2/A
Chunk 96
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 incorporating by reference the information contained in the Form ADV filed with the SEC pursuant to the Investment Advisers Act of 1940, as amended by Bulldog (SEC File No. 801-70596).

Item 32. Location of Accounts and Records

All applicable accounts, books and documents required to be maintained by the Registrant by Section 31(a) of the Investment Company Act of 1940 and the rules promulgated thereunder are in the possession and custody of the Registrant’s administrator, U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services, located at 615 East Michigan Street Milwaukee, WI 53202.

Item 33. Management Services

Not applicable.

Item 34. Undertakings

| 1. | The                                                                                                                            
 Registrant undertakes to suspend the offering of its Rights until the prospectus is amended if (1) subsequent to the effective 
 date of this registration statement, the net asset value declines more than ten percent from its net asset value as of the     
 effective date of the registration statement or (2) the net asset value increases to an amount greater than its net proceeds   
 as stated in the prospectus.                                                                                                   |

| 2. | Not         
 applicable. |

| 3. | Not         
 applicable. |

| 4. | The                         
 Registrant undertakes that: |

| (a) | for                                                                                                                            
 the purpose of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus 
 filed as part of this registration statement in reliance upon Rule 430A and contained in the form of prospectus filed by the   
 Registrant under Rule 497(h) under the Securities Act of 1933, shall be deemed to be part of this registration statement as    
 of the time it was declared effective; and                                                                                     |

| (b) | for                                                                                                                           
 the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment that contains a form 
 of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering 
 of the securities at that time shall be deemed to be the initial bona fide offering thereof.                                  |

| 5. | The                                                                                                                           
 Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing    
 of the Registrant’s annual report pursuant to Section 13(a) or Section