High Income Securities Fund Announces Monthly Distributions For First Quarter of 2020

NEW YORK--()--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 as long as the Fund continues to be a registered investment company. Beginning in January 2020, the Fund intends to make monthly distributions at an annual rate of at least 10% (or 0.8333% per month), based on the net asset value of $9.74 of the Fund’s common shares as of the last business day of 2019.

The monthly distribution schedule is as follows for the months of January, February, and March:

 

Month

 

Distribution

 

Record Date

 

Payable Date

 

 

 

 

 

 

 

 

 

January

 

$0.082

 

January 17, 2020

 

January 31, 2020

 

 

 

 

 

 

 

 

 

February

 

$0.082

 

February 18, 2020

 

February 28, 2020

 

 

 

 

 

 

 

 

 

March

 

$0.082

 

March 17, 2020

 

March 31, 2020

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.

Contacts

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

 

Contacts

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