High Income Securities Fund Announces Monthly Distributions For Second Quarter of 2024
04 Aprile 2024 - 6:31PM
Business Wire
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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U.S. Bank Global Fund Services – Noah Davis (414) 516-1696
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