Welcome to our dedicated page for High Income Securities news (Ticker: PCF), a resource for investors and traders seeking the latest updates and insights on High Income Securities stock.
High Income Securities Fund (NYSE: PCF) is a closed-end management investment company focused on providing high current income with a secondary objective of capital appreciation. The Fund achieves these goals primarily through investments in convertible bonds and convertible preferred stocks. Additionally, the Fund also seeks opportunities in high-yielding non-convertible securities that hold potential for capital growth.
The investment strategy of High Income Securities Fund is designed to leverage the benefits of convertible securities, which offer the potential for equity-like returns with the added stability of fixed-income assets. This dual approach helps balance income generation with the opportunity for capital gains, catering to investors seeking both steady income and growth potential.
As of the latest update, the Fund’s Board of Trustees has approved the issuance of non-transferable rights to purchase additional shares of the Fund’s stock. Shareholders will receive one right for each share held, with the option to buy additional shares at a subscription price determined by the Board. This initiative aims to enhance shareholder value and provide opportunities for increased investment in the Fund.
Through its strategic investments and proactive management, High Income Securities Fund continually seeks to optimize returns for its shareholders. The Fund remains committed to identifying high-potential securities while maintaining a diversified portfolio to manage risk effectively.
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.
High Income Securities Fund (NYSE: PCF) has revised the record date for its previously announced monthly distribution of $0.0622 per share. Originally set for June 19, 2024, the new record date is June 18, 2024. The distribution is scheduled to be paid on June 28, 2024.
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High Income Securities Fund (NYSE: PCF) announced its upcoming three-monthly distributions under its managed distribution plan, maintaining an annual rate of 10% based on a net asset value of
- April: $0.0604, record date
April 19, 2023 , payable dateApril 28, 2023 - May: $0.0604, record date
May 19, 2023 , payable dateMay 31, 2023 - June: $0.0604, record date
June 21, 2023 , payable dateJune 30, 2023
The board may amend or terminate this plan without notice, affecting market price.
The High Income Securities Fund (NYSE: PCF) has announced a new transfer agent, American Stock Transfer & Trust Company, LLC, effective February 6, 2023. This change will not affect account balances. For any inquiries regarding the transfer, investors can contact AST directly at 1-800-278-4353. This transition aims to streamline operations and enhance service for shareholders.
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