High Income Securities Fund Announces Monthly Distributions For Fourth Quarter of 2023
- 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.
- None.
Under the Fund’s managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of
The next three distributions declared under the managed distribution plan are as follows:
Month |
Rate |
Record Date |
Payable Date |
October |
|
October 20, 2023 |
October 31, 2023 |
November |
|
November 20, 2023 |
November 30, 2023 |
December |
|
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/
Source: High Income Securities Fund, Inc.
