Phillip Goldstein adds High Income Securities Fund (PCF) shares at $6.05

Rhea-AI Filing Summary

High Income Securities Fund director Phillip Goldstein reported open-market purchases of the fund’s common stock. On 02/02/2026 he bought 7,514 shares at $6.05 per share, and on 02/03/2026 he bought 10,000 shares at $6.05 per share. Following these transactions, he directly owned 23,448 common shares.

Insider Trade Summary

Net Buyer: 17,514 shares ($105,960)

Net Buy 2 txns

Insider GOLDSTEIN PHILLIP

Role Director

Bought 17,514 shs ($106K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	10,000	$6.05	$61K
Purchase	Common Stock	7,514	$6.05	$45K

Holdings After Transaction: Common Stock — 23,448 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GOLDSTEIN PHILLIP

(Last) (First) (Middle)

60 HERITAGE DRIVE

(Street)

PLEASANTVILLE NY 10570

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HIGH INCOME SECURITIES FUND [ PCF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Affiliate of the Adviser

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/02/2026		P		7,514	A	$6.05	13,448	D
Common Stock	02/03/2026		P		10,000	A	$6.05	23,448	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Stephanie Darling, as Power of Attorney for Phillip Goldstein	02/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did PCF director Phillip Goldstein report?

Phillip Goldstein reported buying High Income Securities Fund (PCF) common stock in two open-market trades. He purchased 7,514 shares on February 2, 2026 and 10,000 shares on February 3, 2026, both at $6.05 per share.

How many PCF shares does Phillip Goldstein own after these transactions?

After the reported trades, Phillip Goldstein directly owns 23,448 shares of High Income Securities Fund (PCF) common stock. This total reflects his holdings following the February 2 and February 3, 2026 open-market purchases disclosed in the Form 4 filing.

At what price did Phillip Goldstein buy PCF stock in the latest Form 4?

In the latest Form 4, Phillip Goldstein’s purchases of High Income Securities Fund (PCF) common stock were both executed at $6.05 per share. He bought 7,514 shares on February 2, 2026 and 10,000 shares on February 3, 2026 at that price.

What is Phillip Goldstein’s relationship to High Income Securities Fund (PCF)?

Phillip Goldstein is listed as a director of High Income Securities Fund (PCF) and an affiliate of the adviser. The Form 4 identifies him as a reporting person with this dual relationship to the fund, reflecting his governance and advisory affiliation.

Are Phillip Goldstein’s PCF share holdings direct or indirect?

The Form 4 shows Phillip Goldstein’s reported holdings of High Income Securities Fund (PCF) common stock as directly owned. Both the February 2 and February 3, 2026 purchases and the 23,448 shares reported afterward are marked with direct ownership status.