Welcome to our dedicated page for High Income Securities news (Ticker: PCF), a resource for investors and traders seeking the latest updates and insights on High Income Securities stock.
High Income Securities Fund (PCF) offers investors centralized access to essential updates about its income-focused investment strategies. This resource aggregates official announcements and market analyses related to the Fund's activities in convertible securities and high-yield fixed income markets.
Find timely updates on quarterly earnings reports, portfolio adjustments, and dividend declarations, along with strategic insights into its convertible bond investments. The curated collection serves as a reliable reference for tracking the Fund's performance and market positioning.
Discover press releases covering management decisions, regulatory filings, and industry commentary relevant to PCF's closed-end structure. All content is verified for accuracy and updated systematically to reflect the Fund's current operations.
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The High Income Securities Fund (NYSE: PCF) announced a rights offering to shareholders as of July 8, 2024. Each shareholder will receive a non-transferable right to purchase one additional share at the greater of 97% of the volume-weighted average price over three days ending on August 9, 2024, or 85% of the net asset value (NAV) per share on the expiration date. Rights holders can also subscribe for additional shares if not fully subscribed. The offering is subject to SEC approval. Following the rights offering, a special shareholder meeting will be held to potentially approve a new investment advisory agreement with Bulldog Investors and changes to the Fund’s investment strategies. Depending on the outcome, a tender offer will be authorized to repurchase 60-90% of the shares issued in the rights offering at 98% NAV. The offering aims to expand investment opportunities and is conditional on regulatory approvals.
High Income Securities Fund (NYSE: PCF) has announced the next three monthly distributions for Q3 2024.
Under the managed distribution plan, the Fund will provide monthly distributions at an annual rate of 10%, calculated based on the net asset value (NAV) of $7.46 as of December 31, 2023.
The distributions for July, August, and September 2024 are each set at $0.0622 per share.
Key dates: The record dates are July 17, August 21, and September 18, 2024, with corresponding payable dates being July 31, August 30, and September 30, 2024.
An estimate of the distribution composition will be provided to stockholders, with final details available on Form 1099-DIV after year-end.
High Income Securities Fund (NYSE: PCF) has revised the record date for its previously announced monthly distribution of $0.0622 per share. Originally set for June 19, 2024, the new record date is June 18, 2024. The distribution is scheduled to be paid on June 28, 2024.
For further details, visit the source on businesswire.com.
High Income Securities Fund (NYSE: PCF) announced its upcoming three-monthly distributions under its managed distribution plan, maintaining an annual rate of 10% based on a net asset value of
- April: $0.0604, record date
April 19, 2023 , payable dateApril 28, 2023 - May: $0.0604, record date
May 19, 2023 , payable dateMay 31, 2023 - June: $0.0604, record date
June 21, 2023 , payable dateJune 30, 2023
The board may amend or terminate this plan without notice, affecting market price.
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