High Income Securities Fund Announces Monthly Distributions For Fourth Quarter of 2023

Rhea-AI Summary

High Income Securities Fund, Inc. declares 10% annual rate distributions for 2023

Positive

• The Fund will make monthly distributions to common stockholders at an annual rate of 10% for 2023.
• The next three distributions are $0.0604 per share in October, November, and December.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- High Income Securities Fund, Inc. (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 2023, based on the net asset value of $7.25 of the Fund’s common shares as of December 31, 2022.

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

Month	Rate	Record Date	Payable Date
October	$0.0604	October 20, 2023	October 31, 2023
November	$0.0604	November 20, 2023	November 30, 2023
December	$0.0604	December 19, 2023	December 29, 2023

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.

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/20230915598335/en/

U.S. Bank Global Fund Services – John Buckel (414) 516-1514

Source: High Income Securities Fund, Inc.