Company: SWZ
Filing Date: 2025-11-14
Form Type: 424B2
Source: 0001999371-25-017927
Chunk: 11

Company: Total Return Securities Fund
Filing Date: 2025-11-14
Form: 424B2
Chunk 11
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, as the case may be). The Subscription Certificate and payment should be delivered to the Subscription Agent at the following address:

| If by mail:                           
 Equiniti Trust Company, LLC           
 Operations Center                     
 Attn: Onbase – Reorganization Depart. 
 1110 Centre Pointe Curve, Suite 

# 101 
 Mendota Heights, MN 55120             | If by express mail, courier or other expedited service: 
 Equiniti Trust Company, LLC                             
 1110 Centre Pointe Curve, Suite 

# 101                   
 Mendota Heights, MN 55120                               
 Attn: Onbase – Reorganization Depart.                   |

Subscription Agent. The Subscription
Agent is Equiniti Trust Company, LLC with an address at 1100 Centre Pointe Curve, Suite 

# 101, Mendota Heights, MN 55120. The Subscription
Agent will receive from the Fund an amount estimated to be $40,000, comprised of the fee for its services and the reimbursement for certain
expenses related to the Offering. INQUIRIES BY ALL RIGHTS HOLDERS SHOULD BE DIRECTED TO THE SUBSCRIPTION AGENT, EQUINITI TRUST COMPANY,
LLC; RIGHTS HOLDERS MAY ALSO CONSULT THEIR BROKERS OR NOMINEES.

Payment for Shares. Payment for
Shares shall be calculated by multiplying the Estimated Subscription Price by the sum of (i) the number of Shares intended to be purchased
in the Basic Subscription, plus (ii) the number of additional Shares intended to be subscribed for under the Additional Subscription
Privilege. For example, based on the Estimated Subscription Price of $6.04 per Share, if a Shareholder receives 1,000 Rights and wishes
to subscribe for 1,000 Shares in the Basic Subscription, and also wishes to subscribe for 100 additional Shares under the Additional
Subscription Privilege, such Shareholder would remit payment in the amount of $6,644 ($6,040 plus $604).

Rights Holders who wish to acquire Shares in the Basic Subscription or pursuant to the Additional Subscription Privilege must, together with the properly completed and executed Subscription Certificate, send payment for the Shares acquired in the Basic Subscription and any additional Shares subscribed for pursuant to the Additional Subscription Privilege, to the Subscription Agent based on the Estimated Subscription Price of $6.04 per Share. To be accepted, such payment, together with the Subscription Certificate, must be received by the Subscription Agent prior to 5:00 p.m., New York City time, on the Expiration