Total Return Securities Fund Provides Details About Rights Offering and Subsequent Tender Offer

Group 1 - The Total Return Securities Fund has filed a registration statement with the SEC for a rights offering, allowing shareholders to purchase additional shares at 85% of the net asset value (NAV) per share on the expiration date of December 5, 2025 [1] - Shareholders of record on November 14, 2025, will receive one non-transferable right for each share held, and those who fully exercise their rights may subscribe for additional shares not taken by other rights holders [1] - The Board plans to authorize a tender offer to buy back between 15% and 30% of the Fund's outstanding shares at a price of at least 98% of NAV, depending on the results of the rights offering [2] Group 2 - A registration statement on Form N-2 related to the securities has been filed with the SEC but is not yet effective, meaning the securities cannot be sold or offered until it becomes effective [3] - This press release serves informational purposes only and does not constitute an offer to purchase or solicit an offer to sell shares of the Fund's common stock [4] - If a tender offer is initiated, the Fund will file a Tender Offer Statement with the SEC, which will include important information regarding the terms and conditions of the tender offer [4]