Total Return Securities Fund Announces Expiration of Rights Offering

Group 1 - The Total Return Securities Fund announced the expiration of its non-transferable rights offering to purchase up to 12,990,705 additional shares of common stock, with 3,983,157 shares expected to be issued to subscribing Rights Holders [1] - The Subscription Price for the shares is set at $6.07, which is higher than the Estimated Subscription Price of $6.04, requiring an additional payment of $0.03 per share from Rights Holders [1] Group 2 - Following the issuance of shares, the Board plans to authorize a tender offer to purchase approximately 23% of the Fund's outstanding shares at a price of at least 98% of the net asset value per share at the expiration of the tender offer [2]