High Income Securities Fund Announces Monthly Distributions For Fourth Quarter of 2025

Rhea-AI Summary

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.

Positive

• 10% annualized payout target provides predictable income for shareholders
• Monthly distributions deliver steady cash flow in Oct–Dec 2025
• Specific record and payable dates reduce timing uncertainty for investors
• Distribution amount per month is explicit at $0.0593 per share

Negative

• Actual tax character of distributions is unknown until Form 1099-DIV — may include return of capital
• Distribution rate is based on NAV $7.11 as of 12/31/2024, which may not reflect current NAV risk
• Sustaining a 10% payout could pressure NAV and total return if earnings/realized income are insufficient

NEW YORK, Oct. 02, 2025 (GLOBE NEWSWIRE) -- High Income Securities Fund (NYSE: PCF) (the “Fund”) has announced that the Fund’s Board of Trustees (the “Board”) has declared the next three monthly distributions under the Fund’s managed distribution plan.

Under the Fund’s managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of 10% (or 0.8333% per month) for 2025, based on the net asset value of $7.11 of the Fund’s common shares as of December 31, 2024.

The next three distributions declared under the managed distribution plan are as follows:

Month	Rate	Record Date	Payable Date
October	$0.0593	October 21, 2025	October 31, 2025
November	$0.0593	November 18, 2025	November 28, 2025
December	$0.0593	December 16, 2025	December 31, 2025

The Fund will issue a notice to stockholders that will provide an estimate of the composition of each distribution. For tax reporting purposes the actual composition of the total amount of distributions for each year will continue to be provided on a Form 1099-DIV issued after the end of the year.

Contacts

For information, please contact:
Thomas Antonucci, Bulldog Investors LLP (tantonucci@bulldoginvestors.com)

FAQ

What monthly distribution did High Income Securities Fund (PCF) declare for October–December 2025?

The Board declared $0.0593 per share for each month: Oct, Nov, and Dec 2025.

How is the PCF 10% annual distribution rate calculated for 2025?

The plan targets 10% annually (0.8333% per month) based on a NAV of $7.11 per share as of Dec 31, 2024.

What are the record and payable dates for PCF distributions in Oct–Dec 2025?

October: record Oct 21/payable Oct 31, 2025; November: record Nov 18/payable Nov 28, 2025; December: record Dec 16/payable Dec 31, 2025.

Will PCF disclose the tax composition of the Oct–Dec 2025 distributions?

An estimate will be provided to stockholders; the final tax composition will be reported on Form 1099-DIV after year end.

Does the PCF distribution imply return of capital for shareholders?

The press release does not specify composition; distributions may include return of capital and will be clarified on Form 1099-DIV.

How should PCF shareholders prepare for the October 2025 payable date?

Ensure you are the shareholder of record by Oct 21, 2025 to receive the Oct 31, 2025 payment; consult tax advisor for withholding implications.