Rights Offering Announcement: The Total Return Securities Fund 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) on December 5, 2025.
Tender Offer Plans: Following the rights offering, the Fund's Board plans to authorize a tender offer to buy back 15% to 30% of outstanding shares at a price of at least 98% of NAV, depending on the rights offering results.
Regulatory Compliance: The registration statement has been filed but is not yet effective, meaning securities cannot be sold or offered until it becomes effective, and this announcement does not constitute an offer to sell or buy shares.
Information Availability: Stockholders will be able to access important documents related to the tender offer for free on the SEC's website or the Fund's website once they become available.
Wall Street analysts forecast SWZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SWZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast SWZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SWZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 6.030
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Current: 6.030
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
