High Income Securities Fund Announces Monthly Distributions For Fourth Quarter of 2021

Rhea-AI Summary

The High Income Securities Fund (NYSE: PCF) announced its intention to make monthly distributions at an annual rate of at least 10%, equating to 0.8333% monthly. As per the last business day of 2020, the net asset value of the Fund’s common shares was $9.34. For the upcoming months, each distribution is set at $0.078, scheduled for October 29, November 30, and December 31, 2021. The Fund cautioned that distributions might include a return of capital if sufficient investment income is unavailable.

Positive

• Monthly distributions are set at an annual rate of at least 10%.
• Each distribution for October, November, and December is consistent at $0.078.

Negative

• Distributions may include return of capital if sufficient investment income is not available.

NEW YORK--(BUSINESS WIRE)-- As previously announced, High Income Securities Fund, Inc. (NYSE: PCF) (the “Fund”) intends to make monthly distributions at an annual rate of at least 10% per annum (or 0.8333% per month). The distributions for 2021 are based on the net asset value of $9.34 of the Fund’s common shares as of the last business day of 2020.

The monthly distribution schedule is as follows for the months of October, November, and December:

Month		Distribution		Record Date		Payable Date
October		$0.078		October 20, 2021		October 29, 2021
November		$0.078		November 18, 2021		November 30, 2021
December		$0.078		December 21, 2021		December 31, 2021

To the extent that sufficient investment income is not available on a monthly basis, the distributions may include return of capital. No conclusions should be drawn about the Fund’s investment performance from the amount of the distributions.

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/20210910005401/en/

U.S. Bank Global Fund Services – John Buckel (414) 765-4255

Source: High Income Securities Fund, Inc.

FAQ

What is the distribution amount for High Income Securities Fund (PCF) in October 2021?

The distribution amount for October 2021 is $0.078.

When is the payable date for the November 2021 distribution for PCF?

The payable date for the November 2021 distribution is November 30, 2021.

What is the annual distribution rate for High Income Securities Fund (PCF)?

The annual distribution rate is at least 10%.

What is the net asset value of High Income Securities Fund (PCF) as of the end of 2020?

The net asset value of the Fund’s common shares was $9.34 as of the last business day of 2020.

When will the December 2021 distribution for PCF be paid?

The December 2021 distribution will be payable on December 31, 2021.