{"id":765172,"date":"2023-06-21T10:36:24","date_gmt":"2023-06-21T14:36:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/high-income-securities-fund-announces-monthly-distributions-for-third-quarter-of-2023\/"},"modified":"2023-06-21T10:36:24","modified_gmt":"2023-06-21T14:36:24","slug":"high-income-securities-fund-announces-monthly-distributions-for-third-quarter-of-2023","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/high-income-securities-fund-announces-monthly-distributions-for-third-quarter-of-2023\/","title":{"rendered":"High Income Securities Fund Announces Monthly Distributions For Third Quarter of 2023"},"content":{"rendered":"

<\/p>\n

High Income Securities Fund Announces Monthly Distributions For Third Quarter of 2023<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nHigh Income Securities Fund, Inc. (NYSE: PCF) (the \u201cFund\u201d) today announced that the Fund\u2019s Board of Trustees (the \u201cBoard\u201d) has declared the next three-monthly distributions under the Fund\u2019s managed distribution plan.<\/p>\n

\nUnder the Fund\u2019s managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of 10% (or 0.8333% per month) for 2023, based on the net asset value of $7.25 of the Fund\u2019s common shares as of December 31, 2022.<\/p>\n

\nThe next three distributions declared under the managed distribution plan are as follows:<\/p>\n\n\n\n\n\n
\n

Month<\/span><\/p>\n<\/td>\n

\n

Rate<\/span><\/p>\n<\/td>\n

\n

Record Date<\/span><\/p>\n<\/td>\n

\n

Payable Date<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\nJuly<\/p>\n<\/td>\n

\n

\n$0.0604<\/p>\n<\/td>\n

\n

\nJuly 20, 2023<\/p>\n<\/td>\n

\n

\nJuly 31, 2023<\/p>\n<\/td>\n<\/tr>\n

\n

\nAugust<\/p>\n<\/td>\n

\n

\n$0.0604<\/p>\n<\/td>\n

\n

\nAugust 22, 2023<\/p>\n<\/td>\n

\n

\nAugust 31, 2023<\/p>\n<\/td>\n<\/tr>\n

\n

\nSeptember<\/p>\n<\/td>\n

\n

\n$0.0604<\/p>\n<\/td>\n

\n

\nSeptember 20, 2023<\/p>\n<\/td>\n

\n

\nSeptember 29, 2023<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nUnder the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and\/or return of capital. To the extent that the Fund\u2019s net investment income and net realized capital gains exceed the aggregate amount distributed pursuant to the managed distribution plan, the Fund may make an additional year-end distribution. No conclusions should be drawn about the Fund\u2019s investment performance from the amount of the distributions. The Board may amend the terms of the managed distribution plan or terminate the plan at any time without prior notice to stockholders which could have an adverse effect on the market price of the Fund\u2019s common shares. The plan will be subject to periodic review by the Board, including a yearly review of the annual fixed rate to determine if an adjustment should be made.<\/p>\n

\nThe 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.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230621389556\/en\/<\/a><\/span><\/p>\n

\nU.S. Bank Global Fund Services \u2013 Shannon Coyle (414) 516-1693<\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Asset Management Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

High Income Securities Fund Announces Monthly Distributions For Third Quarter of 2023 NEW YORK–(BUSINESS WIRE)– High Income Securities Fund, Inc. (NYSE: PCF) (the \u201cFund\u201d) today announced that the Fund\u2019s Board of Trustees (the \u201cBoard\u201d) has declared the next three-monthly distributions under the Fund\u2019s managed distribution plan. Under the Fund\u2019s managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of 10% (or 0.8333% per month) for 2023, based on the net asset value of $7.25 of the Fund\u2019s common shares as of December 31, 2022. The next three distributions declared under the managed distribution plan are as follows: Month Rate Record Date Payable Date July $0.0604 July 20, 2023 July 31, 2023 August … <\/p>\n

Continue reading “High Income Securities Fund Announces Monthly Distributions For Third Quarter of 2023”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-765172","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHigh Income Securities Fund Announces Monthly Distributions For Third Quarter of 2023 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/high-income-securities-fund-announces-monthly-distributions-for-third-quarter-of-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"High Income Securities Fund Announces Monthly Distributions For Third Quarter of 2023 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"High Income Securities Fund Announces Monthly Distributions For Third Quarter of 2023 NEW YORK–(BUSINESS WIRE)– High Income Securities Fund, Inc. (NYSE: PCF) (the \u201cFund\u201d) today announced that the Fund\u2019s Board of Trustees (the \u201cBoard\u201d) has declared the next three-monthly distributions under the Fund\u2019s managed distribution plan. Under the Fund\u2019s managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of 10% (or 0.8333% per month) for 2023, based on the net asset value of $7.25 of the Fund\u2019s common shares as of December 31, 2022. 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