Welcome to our dedicated page for High Income Securities Fund news (Ticker: PCF), a resource for investors and traders seeking the latest updates and insights on High Income Securities Fund stock.
High Income Securities Fund reports closed-end fund developments involving shareholder governance, NAV-based share actions, and capital-structure events. Recent announcements have covered tender offer results, special meeting voting outcomes, and rights offering mechanics for the Fund's NYSE-listed common shares.
PCF news commonly centers on the Fund's income-oriented investment vehicle, including share repurchases through tender offers, non-transferable subscription rights, NAV publication, and shareholder proposals affecting the Fund's governing documents.
The High Income Securities Fund (NYSE: PCF) announced a non-transferable rights offering for existing stockholders. Eligible stockholders of record on December 23, 2020, will receive rights to purchase up to 5,565,006 additional shares of common stock. Rights can be exercised until January 22, 2021. The subscription price will be 95% of the average market price from the last three trading days ending after the expiration, with a minimum price equal to 85% of the net asset value. The offering will be made under a new registration statement.