Total Return Securities Fund, Inc. Announces Rights Offering

Group 1 - The Board of Directors of Total Return Securities Fund, Inc. plans to authorize the issuance of non-transferable rights for shareholders to purchase additional shares at 85% of the net asset value on the expiration date [1] - Following the rights offering, the Board intends to authorize a tender offer to purchase either 30% of the Fund's outstanding shares if at least 8 million shares are issued, or the greater of 15% of outstanding shares or a number that results in approximately $90 million in net assets if fewer than 8 million shares are issued [2]