High Income Securities Fund Announces Monthly Distributions For Second Quarter of 2024

High Income Securities Fund, Inc. (NYSE: PCF) (the “Fund”) today announced that the Fund’s Board of Trustees (the “Board”) has declared the next three monthly distributions under the Fund’s managed distribution plan.

Under the Fund’s 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 2024, based on the net asset value of $7.46 of the Fund’s common shares as of December 31, 2023.

The next three distributions declared under the managed distribution plan are as follows:

Month

Rate

Record Date

Payable Date

April

$0.0622

April 19, 2024

April 30, 2024

May

$0.0622

May 21, 2024

May 31, 2024

June

$0.0622

June 19, 2024

June 28, 2024

Under 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’s 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’s 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’s 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.

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.

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High Income Securities Fund at the time of publication of the news with a fall of -0,15 % to 6,53USD on NYSE stock exchange (04. April 2024, 17:58 Uhr).