Company: SWZ
Filing Date: 2025-10-03
Form Type: N-2
Source: 0001999371-25-014685
Chunk: 68

Company: Total Return Securities Fund
Filing Date: 2025-10-03
Form: N-2
Chunk 68
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 Board; (iv) whether nomination of the person would be consistent with Fund policy and applicable laws and regulations regarding the number and percentage of Independent Directors on the Board; (v) whether or not the person serves on boards of, or is otherwise affiliated with, competing financial service organizations or their related fund complexes; (vi) whether or not the person is willing to serve and is willing and able to commit the time necessary for the performance of the duties and responsibilities of a Director of the Fund; and (vii) the educational background; business, professional training or practice (e.g., medicine, accounting or law), public service or academic positions; experience from service as a board member (including the Board) or as an executive of investment funds, public companies or significant private or not-for-profit entities or other organizations; and/or other life experiences. The Nominating and Corporate Governance Committee also may consider whether a potential nominee’s professional experience, education, skills and other individual qualities and attributes, including gender, race or national origin, would provide beneficial diversity of skills, experience or perspective to the Board’s membership and collective attributes.

Andrew Dakos. Mr. Dakos has been the President and Chief Executive Officer of the Fund since 2019 and has served as a Director (since 2017) and Chairman of the Board (since 2018). Mr. Dakos has over 20 years of investment management experience. He is currently a Partner in Bulldog and Ryan Heritage, LLP, each an investment adviser registered with the SEC. He is also a principal of the former general partner of several private investment partnerships in the Bulldog group of private funds. Mr. Dakos is also a director/trustee of two other closed-end funds, one subsidiary of a large commercial real estate company, and one real estate development company.

Phillip Goldstein. Mr. Goldstein has been a Director of the Fund since 2018. Mr. Goldstein has over 30 years of investment management experience. He is currently a Partner in Bulldog and Ryan Heritage, LLP, each an investment adviser registered with the SEC. He is also a principal of the former general partner of several private investment partnerships in the Bulldog group of private funds. Mr. Goldstein is also a director of three (3) other closed-end funds and one subsidiary of a large commercial real estate company.

Richard Dayan. Mr. Dayan has been a Director of the Fund since 2018. Mr. Dayan has been the President and owner of Cactus Trading