SWZ: Offer to buy back shares, Dec 19, 2025
The fund offered to buy back 24% of its shares at 98% of value, until Jan 20, 2026.
Do I need to do anything? The fund will buy back up to 24% of its shares at 98% of the value of its holdings. If you want to sell at that price, tell your broker to tender all of your shares before Jan 20, 2026; if more people tender than the fund will take, everyone is cut back in proportion, so tendering everything gets you the most. Brokers usually need your instruction a business day or two earlier - ask yours for its own cut-off. If you hold fewer than 100 shares, you are usually not cut back. If you do nothing, you keep your shares. This is information, not advice.
This date comes from the fund's filing of Dec 19, 2025 and can be extended, changed or withdrawn. Check with your broker. Original document →
- Date
- Dec 19, 2025
- Fund
- SWZ - Total Return Securities Fund
- Terms
- 24% of shares, at 98% of the value of the holdings, until Jan 20, 2026
- What
- Offer to buy back shares
- Document number
- 0001999371-25-020802
Open the original document at the SEC →
A letter about a buy-back came in the post - what now
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