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High Income Securities Fund (NYSE: PCF) announced its next three monthly distributions under its managed distribution plan for 2026. The Fund intends an annual distribution rate of 10% (0.8333% per month), calculated on a net asset value of $6.96 per share as of December 31, 2025. The declared monthly payments are $0.0580 for January, February and March.
Record and payable dates: Jan 20/Jan 30, 2026; Feb 17/Feb 27, 2026; Mar 17/Mar 31, 2026. Distributions may include long-term capital gains and/or return of capital if investment income is insufficient, and the Board may amend or terminate the plan without prior notice. Year-end additional distributions and Form 1099-DIV will report final tax composition.
High Income Securities Fund (NYSE: PCF) announced that its Board declared the next three monthly distributions under the Fund’s managed distribution plan for 2025. The plan targets an annual distribution rate of 10% (0.8333% per month) based on a NAV of $7.11 per share as of December 31, 2024. Each monthly distribution is $0.0593 per share.
Declared distribution schedule: October record Oct 21/payable Oct 31, 2025; November record Nov 18/payable Nov 28, 2025; December record Dec 16/payable Dec 31, 2025. Tax composition to be estimated now and finalized on Form 1099-DIV after year end.
High Income Securities Fund (NYSE: PCF) has declared its monthly distributions for Q3 2025 under its managed distribution plan. The Fund aims to distribute 10% annually (0.8333% monthly) based on the net asset value of $7.11 as of December 31, 2024.
The Fund will distribute $0.0593 per share for each month of July, August, and September 2025. The distributions will be paid on July 31, August 29, and September 30, 2025, respectively, to stockholders of record on the corresponding dates.
High Income Securities Fund (NYSE: PCF) has announced its monthly distribution schedule for Q2 2025 under its managed distribution plan. The Fund's Board of Trustees has declared three monthly distributions at $0.0593 per share, maintaining an annual distribution rate of 10% (0.8333% monthly) based on the net asset value of $7.11 as of December 31, 2024.
The distributions are scheduled as follows:
- April: Record Date April 22, Payable April 30
- May: Record Date May 20, Payable May 30
- June: Record Date June 17, Payable June 30
The Fund will provide stockholders with notices estimating the composition of each distribution, with final tax reporting details to be furnished via Form 1099-DIV after year-end.
High Income Securities Fund (NYSE: PCF) has announced its monthly distributions for Q1 2025 under its managed distribution plan. The Fund's Board of Trustees has declared three monthly distributions at an annual rate of 10% (0.8333% per month), based on the net asset value of $7.11 as of December 31, 2024.
The distributions are set at $0.0593 per share for January, February, and March 2025. The record dates are January 21, February 18, and March 18, with corresponding payable dates of January 31, February 28, and March 31, 2025. The Fund will provide stockholders with notices estimating the composition of each distribution, with final tax reporting details to be furnished via Form 1099-DIV after year-end.
High Income Securities Fund (NYSE: PCF) has announced the adjournment of its annual stockholder meeting, which was initially convened on December 27, 2024. The meeting has been rescheduled to January 3, 2025, at 11:00 a.m. Eastern time. The adjournment was implemented to provide stockholders with additional time to cast their votes.
High Income Securities Fund (NYSE: PCF) has completed its tender offer, which expired on December 9, 2024. The Fund offered to purchase up to 10,675,000 shares at 98% of the net asset value (NAV) per share. The tender offer was oversubscribed, with 11,885,085 shares validly tendered. Due to the oversubscription, approximately 90% of shares tendered by each shareholder will be accepted for payment at $7.07 per share, representing 98% of the NAV of $7.21 per common share.
High Income Securities Fund (NYSE: PCF) announced the results of a special shareholder meeting where all proposals were approved except one regarding the elimination of requirements for converting the Fund to an open-end mutual fund. The Fund is launching a tender offer to purchase up to 10,675,000 shares at 98% of the net asset value per common share as of December 9, 2024. The Fund may purchase an additional 2% of outstanding shares without amending the offer. The tender offer will expire at 5:00 p.m. Eastern Time on the Expiration Date, and shareholders holding shares in street name should contact their custodian regarding participation requirements.
High Income Securities Fund (NYSE: PCF) announced the adjournment of its special meeting of shareholders until November 8, 2024. The meeting aims to vote on proposals including approving an investment advisory agreement with Bulldog Investors, LLP and expanding the Fund's investment strategies. Despite insufficient votes, shareholders who voted showed strong support for the proposals. The adjournment allows more time for shareholders to vote.
The Board urges shareholders to vote promptly to minimize proxy solicitation costs. After the meeting, the Board plans to authorize a tender offer to purchase at least 90% of shares issued in the recent rights offering if proposals are adopted, or 60% if not adopted, at a price of at least 98% of NAV. Shareholders needing assistance can contact InvestorCom at (877) 972-0090.
High Income Securities Fund (NYSE: PCF) has announced its monthly distributions for the fourth quarter of 2024 under its managed distribution plan. The Fund's Board of Trustees has declared the following distributions:
- October: $0.0622 per share, payable on October 31, 2024, to stockholders of record on October 22, 2024
- November: $0.0622 per share, payable on November 29, 2024, to stockholders of record on November 19, 2024
- December: $0.0622 per share, payable on December 31, 2024, to stockholders of record on December 17, 2024
These distributions are part of the Fund's plan to make monthly distributions at an annual rate of 10% (0.8333% per month) for 2024, based on the net asset value of $7.46 of the Fund's common shares as of December 31, 2023. The Fund will provide stockholders with notices estimating the composition of each distribution for tax reporting purposes.