Company: SWZ
Filing Date: 2025-01-27
Form Type: DEF 14A
Source: 0000894189-25-000453
Chunk: 4

Company: Total Return Securities Fund
Filing Date: 2025-01-27
Form: DEF 14A
Chunk 4
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 and its most recent Semi-Annual Report to any stockholder upon request. Requests for these Reports, which have been previously made available, should be made in writing to The Swiss Helvetia Fund, Inc., 615 East Michigan Street, Milwaukee, Wisconsin 53202, or by calling the Fund at (212) 641-3800. 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? |

| 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 objective of providing long-term total return as described in Proposal 2. Proposal 3 : Approve Amendments to Certain of the Fund’s Fundamental Investment Restrictions.You are being asked to approve certain amendments to the Fund’s fundamental investment restrictions. Q. Why am I being asked to vote on the Proposed Agreement with Bulldog (Proposal 1)?

| A. | Following completion of the Fund’s tender offer in November, 2018, the Fund’s current investment adviser,Schroder                                                                                                                                                                                                                             
 Investment Management