Company Description
High Income Securities Fund (NYSE: PCF) is a closed-end management investment company with an income-oriented investment objective. The Fund's primary objective is high current income, with capital appreciation as a secondary objective. It pursues those objectives mainly through investments in convertible bonds and convertible preferred stocks, and it also invests significantly in high-yielding non-convertible securities that have potential for capital appreciation.
The Fund is structured as a listed closed-end fund rather than an open-end mutual fund. Its common shares trade on the New York Stock Exchange under the symbol PCF, while the Fund's portfolio value is measured through net asset value, or NAV. As a closed-end fund, PCF may conduct shareholder-level capital actions such as tender offers and rights offerings, and those actions are typically tied to common shares, NAV-based pricing mechanics, or shareholder subscription rights.
High Income Securities Fund is organized as a Massachusetts business trust. Its governance record includes annual and special shareholder meetings, proxy materials, proposals affecting the Fund's governing documents, and shareholder voting matters. The Fund's disclosures and announcements also address closed-end fund topics such as NAV, tender offers, rights offerings, listing status, capital structure, and shareholder governance.
Stock Performance
High Income Securities Fund (PCF) stock last traded at $5.68, down 0.35% from the previous close. Over the past 12 months, the stock has lost 10.4%, ranking #1,482 in 52-week price change. At a market capitalization of $105.6M, PCF is classified as a micro-cap stock with approximately 18.7M shares outstanding.
PCF Rankings
Latest News
High Income Securities Fund has 10 recent news articles. Of the recent coverage, 4 articles coincided with positive price movement and 5 with negative movement. View all PCF news →
SEC Filings
High Income Securities Fund has filed 5 recent SEC filings, including 4 Form 4, 1 Form SCHEDULE 13G/A. The most recent filing was submitted on April 9, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all PCF SEC filings →
Insider Radar
Insider buying activity at High Income Securities Fund over the past 90 days may reflect management confidence in the company's direction. Institutional investors and analysts often monitor insider purchases as a potential bullish indicator for the stock.
Financial Highlights
Upcoming Events
Distribution record date
Distribution payable
Distribution record date
Distribution payable
High Income Securities Fund has 4 upcoming scheduled events. The next event, "Distribution record date", is scheduled for May 19, 2026 (in 4 days). 4 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the PCF stock price.
Short Interest History
Short interest in High Income Securities Fund (PCF) currently stands at 7.5 thousand shares, down 62.3% from the previous reporting period, representing 0.0% of the float. Over the past 12 months, short interest has increased by 38.3%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for High Income Securities Fund (PCF) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed.
PCF Company Profile & Sector Positioning
High Income Securities Fund (PCF) operates in the Asset Management industry within the broader Financial Services sector and is listed on the NYSE. Among dividend-paying stocks, PCF ranks #71 by dividend yield. In monthly performance, the stock ranks #2,320 among all tracked companies.
Investors comparing PCF often look at related companies in the same sector, including Bancroft Fund (BCV), XAI Madison Equity Premium Income Fund (MCN), abrdn National Municipal Income Fund (VFL), Carlyle Credit Income Fund (CCIF), and Pearl Diver Credit Company Inc (PDCC). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate PCF's relative position within its industry.