Company: SWZ
Filing Date: 2025-01-10
Form Type: PRE 14A
Source: 0000894189-25-000129
Chunk: 4

Company: Total Return Securities Fund
Filing Date: 2025-01-10
Form: PRE 14A
Chunk 4
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615 East Michigan Street, Milwaukee, Wisconsin 53202, or by calling the Fund’s at [●]. These reports are also available on the SEC’s website at www.sec.gov. -2- IMPORTANT INFORMATION TO HELP YOU UNDERSTAND AND VOTE ON THE PROPOSALS AT THE FUND’S SPECIAL STOCKHOLDER MEETING While we encourage you to read the full text of this Proxy Statement, for your convenience, we have provided a brief overview of the matters you are being asked to vote on. QUESTIONS AND ANSWERS

| Q. | Why am I receiving these Proxy Materials? |

| A. | These Proxy materials, sent on behalf of the Board of Directors (the “Board”) of The Swiss Helvetia Fund, Inc. (the “Fund”), contain a Notice of the Special Meeting                                                                            
 of Stockholders, a Proxy Statement and a Proxy Card. These materials provide you with information regarding the proposals that will be presented at, and other information relating to, the Fund’s Special Meeting of Stockholders scheduled to 
 be held on [●], 2025 (the “Meeting”). You are receiving these materials because you owned shares of common stock of the Fund as of the record date for the Special Meeting and you are being asked to vote on the proposals to be presented at  
 the Meeting.                                                                                                                                                                                                                                    |

| Q. | What am I being asked to vote “FOR” at the Meeting? |

| A. | You are being asked to approve each proposal set forth in the Proxy Statement. The Board, including the Directors who are not “interested persons” (as defined in                                                                          
 the Investment Company Act of 1940, as amended (the “1940 Act”)) of the Fund (the “Non-Interested Directors”) have approved each of these proposals, believe they are in stockholders’ best interests and recommend that you approve them. |

Proposal 1: Approve a New Investment Advisory Agreement. You are being asked to approve an Investment Advisory Agreement between the Fund and Bulldog Investors, LLP (“Bulldog”) (the “Proposed Agreement”). Proposal 2: Approve the Replacement of the Fund’s Fundamental Investment Objective of Capital Appreciation by Investing in Equity and Equity-Linked Securities of Swiss Companies with a Non-Fundamental Investment Objective of Providing Long-Term Total Return as Described Herein. You are being asked to approve the replacement of the Fund’s fundamental investment objective of capital appreciation by investing in equity and equity-linked securities of Swiss companies with a non-fundamental investment