Core Points - The Board of Directors of Total Return Securities Fund, Inc. has confirmed its intention to authorize a self-tender offer to purchase at least 15% of the Fund's outstanding shares at a price of at least 98% of the net asset value per share [1] - The Fund is also considering a rights offering to stockholders to purchase additional shares of common stock, aimed at limiting the increase in the Fund's expense ratio after the tender offer [2] - The number of shares to be purchased in the self-tender offer may exceed 15% but will not exceed 25% of the Fund's outstanding shares post-rights offering [2] Summary by Sections Self-Tender Offer - The Fund plans to initiate a self-tender offer for at least 15% of its outstanding shares at a minimum of 98% of NAV [1] Rights Offering - The Board is contemplating a rights offering to mitigate potential increases in the expense ratio due to a reduced asset base after the tender offer [2] - There is a possibility of dilution from issuing common stock at a discount to NAV, and the Board has not guaranteed the authorization or terms of the rights offering [2]