High Income Securities Fund Declares Distributions For First Quarter of 2026
Rhea-AI Summary
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.
Positive
- 10% annual distribution target based on NAV $6.96
- Declared $0.0580 monthly payments for Jan–Mar 2026
- Clear record and payable dates through March 31, 2026
Negative
- Distributions may include return of capital, reducing cost basis
- Board can amend or terminate plan without prior notice
- Actual tax composition uncertain until Form 1099-DIV issuance
News Market Reaction – PCF
On the day this news was published, PCF declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Jan. 02, 2026 (GLOBE NEWSWIRE) -- High Income Securities Fund (NYSE: PCF) (the “Fund”) today 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
The next three distributions declared under the managed distribution plan are as follows:
| Month | Amount | Record Date | Payable Date | |
| January | January 20, 2026 | January 30, 2026 | ||
| February | February 17, 2026 | February 27, 2026 | ||
| March | March 17, 2026 | March 31, 2026 | ||
Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital. To the extent that the Fund’s net investment income and net realized capital gains exceed the aggregate amount distributed pursuant to the managed distribution plan, the Fund may make an additional year-end distribution. No conclusions should be drawn about the Fund’s investment performance from the amount of the distributions. The Board may amend the terms of the managed distribution plan or terminate the plan at any time without prior notice to stockholders, which could have an adverse effect on the market price of the Fund’s common shares. The plan will be subject to periodic review by the Board, including a yearly review of the annual fixed rate to determine if an adjustment should be made.
The Fund will issue a notice to common 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.
For information, please contact: Thomas Antonucci at tantonucci@bulldoginvestors.com.
FAQ
What distribution rate did High Income Securities Fund (PCF) declare for 2026?
How much will PCF pay per month in January–March 2026 and when are the payable dates?
Will PCF distributions be taxable as income or return of capital for 2026?
Can High Income Securities Fund (PCF) change or stop the managed distribution plan?
Could PCF make additional distributions beyond the monthly plan in 2026?
