High Income Securities Fund Announces Monthly Distributions For Third Quarter of 2024

Rhea-AI Summary

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.

Positive

• Announced monthly distributions ensure a steady income stream for investors.
• Distribution rate of 10% annually is attractive for income-focused investors.
• Clear schedule and fixed rates provide predictability.

Negative

• Distributions are based on a NAV that could fluctuate, affecting actual returns.
• Potential reliance on return of capital rather than income for distributions.

NEW YORK--(BUSINESS WIRE)-- 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 10% (or 0.8333% per month) for 2024, based on the net asset value of $7.46 of the Fund’s common shares as of December 31, 2023.

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

Month	Rate	Record Date	Payable Date
July	$0.0622	July 17, 2024	July 31, 2024
August	$0.0622	August 21, 2024	August 30, 2024
September	$0.0622	September 18, 2024	September 30, 2024

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240618128859/en/

U.S. Bank Global Fund Services

Noah Davis (414) 516-1696

Source: High Income Securities Fund

FAQ

What are the monthly distribution amounts for PCF in Q3 2024?

The monthly distribution amounts for PCF are $0.0622 per share for July, August, and September 2024.

When are the record and payable dates for PCF distributions in Q3 2024?

The record dates are July 17, August 21, and September 18, 2024. The payable dates are July 31, August 30, and September 30, 2024.

What is the annual distribution rate for PCF in 2024?

The annual distribution rate for PCF in 2024 is 10%, or 0.8333% per month, based on the net asset value as of December 31, 2023.

How will the composition of PCF's distributions be communicated?

An estimate of the composition will be provided to stockholders, with the final details available on Form 1099-DIV after the end of the year.