GOLDSTEIN PHILLIP

Director Phillip Goldstein buys 5,688 shares of PCF at blended $5.46 (2 txns, $31,042.51 total) amid -8.7% 90-day decline

Goldstein purchased 5,688 shares across two transactions on 2026-04-07 and 2026-04-08 at prices of $5.45 and $5.53, bringing his holdings from 41,353 to 47,041 shares (+13.8%). The current price of $5.58 is -8.7% below the 90-day mark and -14.0% from the 52-week high, suggesting the director bought into a declining trend. His prior trades at PCF show a pattern of poor timing outcomes: 0 of 2 prior buys were well-timed at the 90-day mark, with both 2025 December purchases showing -8.8% and -9.4% 90-day returns respectively. His cross-ticker track record shows an average 90d return of -1.7% with a 57.14% win rate, indicating modest execution quality historically. The purchase represents a material 13.8% increase in stake, but the timing relative to recent price weakness and his historical accuracy record suggest limited conviction signaling value.

Director Goldstein buys 17,905 PCF shares at $5.46; holds 41.4K shares post-purchase as stock trades -18.7% from 52-week high

Goldstein purchased 17,905 shares at $5.46 on 2026-03-18, increasing his holdings by 76.4% to 41.4K shares. The purchase occurs while PCF trades at $5.45, down 18.7% from its 52-week high and down 10.4% over the past 30 days. Goldstein's same-ticker history at PCF shows 5 prior buys, with 0 of 3 measurable 90-day outcomes showing positive returns; the three prior trades from December 2025 each posted 90-day losses ranging from -8.3% to -9.4%. His cross-ticker track record shows a 50% 90-day win rate, indicating modest predictive value for timing. The accumulation of a depressed-priced, closed-end bond fund during a downtrend with a pattern of underwater prior purchases at this ticker warrants attention to whether this reflects valuation opportunity or repeated execution challenges.

Secretary Goldstein buys 10,000 SWZ shares at $5.98; stock down 36.8% from 52-week high, holdings rise 9.7% to 113.2K shares.

Phillip Goldstein, Secretary, purchased 10,000 shares of SWZ at $5.98 on 2026-03-18, increasing his holdings by 9.7% to 113.2K shares. The transaction occurs as SWZ trades 36.8% below its 52-week high of $9.38 and has declined 3.4% in the prior 30 days. Goldstein's cross-ticker track record shows modest and mixed results: 19 prior buys with an average 30-day return of -0.6%, an average 90-day return of -1.3%, and a 50% win rate at the 90-day horizon. At the same ticker, his 5 prior trades (including buys on 2026-03-05, 2026-03-03, and 2026-02-23) show one measured 30-day outcome of +4.9% and another of -2.3%, but most outcomes remain unmeasurable. The clustering of purchases over a brief window (January 30 through March 18) merits monitoring to clarify whether this reflects genuine conviction or reflects a predetermined schedule.

Secretary Goldstein buys 10,000 SWZ shares at $5.99; holdings now 103,234 shares (+10.7%)

Phillip Goldstein, in his role as Secretary, purchased 10,000 shares of Total Return Securities Fund (SWZ) at $5.99 on 2026-03-05, bringing his total holdings to 103,234 shares. This represents a 10.7% increase in his position at a price that is -36.1% from the 52-week high of $9.38. At the same-ticker level, Goldstein has executed 4 prior trades at SWZ within a concentrated timeframe (2026-01-30 through 2026-03-05), establishing a pattern of repeated accumulation. His cross-ticker track record shows a 71.43% win rate over 90 days (17 prior buys), though timing performance at SWZ specifically remains insufficient to evaluate (no 90-day outcomes yet measurable on prior same-ticker transactions). The clustering of purchases—two trades within two days (2026-03-03 and 2026-03-05)—and the extended position increase warrants attention to whether this reflects a deliberate accumulation strategy or a response to price weakness.

Secretary Goldstein buys 5,000 SWZ shares at $6.01; now 93.2K shares held (up 5.7% from 88.2K)

Phillip Goldstein, Secretary, purchased 5,000 shares of Total Return Securities Fund (SWZ) at $6.01 on 2026-03-03, increasing his holdings to 93.2K shares from 88.2K shares (+5.7%). The transaction occurred when SWZ was -36.2% from its 52-week high of $9.38 and currently trades at $5.98, just 0.5% below the transaction price. Goldstein's same-ticker history shows 4 prior buys within a recent 33-day window (2026-01-30, 2026-02-06, 2026-02-23, 2026-03-05), with only one measurable outcome (2026-01-30 trade posting +4.9% 30-day return); the remaining three trades lack measurable returns yet. His cross-ticker track record across 17 prior buys shows a 71.43% 90-day win rate with average +2.0% 90-day return, though same-ticker timing metrics remain inconclusive. The modest transaction size ($30,050) and consistent accumulation pattern at depressed price levels merit monitoring as more same-ticker outcomes mature.

Director Phillip Goldstein bought 5,000 SWZ shares at $6.13 on 2026-02-23, adding to 87.9K post-transaction holdings.

Goldstein purchased 5,000 shares at $6.13, bringing holdings to 87,910 shares and representing a 6.0% increase over pre-transaction levels. The transaction occurred with the stock trading 34.3% below its 52-week high, having risen 2.7% over the prior 30 days. His cross-ticker track record shows 15 prior buys with a 71.43% 90-day win rate and an average 90-day return of 2.0%, though his recent 30-day average return across all tickers has been -1.0%. At this specific ticker (SWZ), he completed two prior buys on 2026-02-06 and 2026-01-30 with outcomes not yet measurable. The pattern suggests incremental accumulation in a fund trading well below recent highs.

Director Goldstein purchases 10,000 SWZ shares at $6.07; holdings rise to 82,910; cluster pattern with 2 other insider buys in 14 days

Phillip Goldstein (Director) purchased 10,000 shares of Total Return Securities Fund (SWZ) at $6.07, increasing his holdings by 13.7% to 82,910 shares post-transaction. This buy is part of a cluster: 2 other insiders also bought within the past 14 days, which may indicate coordinated interest at current levels. However, context is mixed—the stock trades at -35.4% from its 52-week high of $9.38, and Goldstein's cross-ticker track record shows 14 prior buys with an average 90-day return of only +2.0%, a 71.43% win rate. At the same ticker, he executed a prior buy on 2026-01-30, though outcome data is not yet available. Investors should monitor whether the cluster pattern and discounted valuation attract further buying or if price weakness persists.

Director Goldstein buys 17,514 shares at $6.05; holdings surge 295.1% to 23,448 shares

Phillip Goldstein (Director) executed 2 purchases totaling 17,514 shares for $105,959.70 at a blended average price of $6.05 on 2026-02-02 and 2026-02-03, expanding his position from 5,934 shares to 23,448 shares—a net increase of 295.1%. The current price of $6.03 sits just below the transaction price and 12.4% below the 52-week high of $6.88. His same-ticker history at PCF shows recent buys on 2025-12-18, 2025-12-17, and 2025-12-16, each posting modest 30-day gains (+2.7%, +2.0%, +2.2% respectively), suggesting a pattern of accumulation at elevated price levels relative to historical range. This filing documents a material increase in commitment to the fund, though the stock's recent price action—down 1.6% over 30 days and 3.5% over 90 days—indicates the director is purchasing into a period of modest weakness rather than recovery momentum.

Director Goldstein purchased 10,000 shares of SWZ at $5.92; cluster buy pattern with 2 other insiders in past 14 days

Director Goldstein purchased 10,000 shares at $5.92, increasing his holdings by 15.9% from 62.9K to 72.9K shares. The timing is notable: this buy occurs within a 14-day cluster pattern involving 2 other insiders, suggesting coordinated or independently-motivated director accumulation. The stock currently trades at $5.98 (near the purchase price), down 36.2% from its 52-week high of $9.38, providing a low-priced entry point for the accumulation. Goldstein's cross-ticker track record shows a 71.43% win rate on 90-day returns after buys, though this is historical performance across multiple securities and not predictive of SWZ's future performance.

Director Goldstein bought 5,787 shares over 3 days at $6.02 blended average; holdings surged 3936.7%; stock -13.1% from 52-week high.

Phillip Goldstein as Director executed 3 separate purchases totaling 5,787 shares for $34,820.48 between 2025-12-16 and 2025-12-18, dramatically increasing his stake from 147 to 5,934 shares post-transaction. The transactions occurred at prices ($6.04, $6.03, $5.99) very close to the blended average of $6.02, slightly above the current market price of $5.98. His prior trading activity at PCF shows 2 of 2 prior buys posted positive 90-day returns (+0.9% and +0.3%), suggesting a pattern of well-timed entry points at this security. The broader cross-ticker track record reflects a 71.43% win rate on buys over 90 days, though with a modest 2.0% average 90-day return, indicating selective but not dramatic timing skill. This accumulation represents a material expansion of his ownership position during a period when PCF is -13.1% from its 52-week high and -7.4% over 90 days, adding a data point to monitor as the position develops.