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

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

NEW YORK–(BUSINESS WIRE)–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 (or 0.8333% per month) as long as the Fund continues to be a registered investment company. The distributions for 2020 are 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 October, November, and December:

Month

Distribution

Record Date

Payable Date

 

 

 

 

October

$0.082

October 16, 2020

October 30, 2020

 

 

 

 

November

$0.082

November 17, 2020

November 30, 2020

 

 

 

 

December

$0.082

December 21, 2020

December 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.

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

Contacts

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

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