Company: SWZ
Filing Date: 2025-11-14
Form Type: 424B2
Source: 0001999371-25-017927
Chunk: 74

Company: Total Return Securities Fund
Filing Date: 2025-11-14
Form: 424B2
Chunk 74
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 consists of Messrs. Dayan, Sell and Hellerman. None of the members of the Audit and Valuation Committee has any relationship to the Fund that may interfere with the exercise of his independence from management of the Fund, and each is independent as defined under the listing standards of the New York Stock Exchange (“NYSE”) applicable to closed-end funds. Mr. Sell is the Chairman of the Audit and Valuation Committee. The Board has determined that each of Messrs. Dayan, Sell and Hellerman is an “audit committee financial expert” as such term is defined by the Securities Exchange Act of 1934, as amended. The Board has determined that Mr. Sell’s service on the audit committees of more than three (3) public companies does not impair his ability to effectively serve on the Fund’s Audit and Valuation Committee because, like the Fund, those other companies are listed closed-end funds. The Board has likewise determined that Mr. Hellerman’s service on the audit committees of more than three (3) public companies does not impair his ability to effectively serve on the Fund’s Audit and Valuation Committee because, like the Fund, those other companies are listed closed-end funds. The Board’s then existing Audit Committee met four (4) times during the year ended December 31, 2024.

Nominating and Corporate Governance Committee

The Board has established a Nominating and Corporate Governance Committee whose responsibilities include: (i) selecting and nominating persons for election or appointment to the Board and (ii) overseeing the annual assessment of the effectiveness of the Board and such other matters of Fund governance as may be delegated to it by the Board or determined by the Nominating and Corporate Governance Committee to be appropriate. In evaluating potential nominees, including any nominees recommended by shareholders, the Nominating and Corporate Governance Committee 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. Such considerations will vary based on the Board’s existing membership and other factors, such as the strength of a potential nominee’s overall qualifications relative to diversity considerations. The Nominating and Corporate Governance Committee will consider nominees recommended by a shareholder if such recommendation is in writing and is received in a timely manner by the Fund and otherwise complies with the requirements for such proposals contained in the Nominating and Corporate Governance Committee Charter, the Fund’s By-Laws and other applicable law. Any such