Welcome to our dedicated page for High Income Securities Fund news (Ticker: PCF), a resource for investors and traders seeking the latest updates and insights on High Income Securities Fund 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) 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.
The High Income Securities Fund (NYSE: PCF) announced its quarterly distributions under its managed distribution plan, maintaining an annual rate of 10% based on a net asset value of
Monthly distributions are set at
The High Income Securities Fund, Inc. (NYSE: PCF) has declared its next three monthly distributions under its managed distribution plan, which will disburse an annual rate of 10% (or $0.073 per month) based on a net asset value of $8.75 as of December 31, 2021. The specific distribution dates for October, November, and December 2022 have been set, with record dates on October 20, November 18, and December 20, respectively, and payable dates on October 31, November 30, and December 30.
High Income Securities Fund (NYSE: PCF) has announced its next three monthly distributions under its managed distribution plan, maintaining an annual distribution rate of 10% based on a net asset value of $8.75 as of December 31, 2021. The distributions will be $0.073 for July, August, and September 2022, payable at the end of each month. The plan may involve distributions of long-term capital gains and return of capital if investment income is insufficient, and may be amended or terminated without prior notice, which could impact market prices.
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