High Income Securities Fund (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 |
October |
$0.0622 |
October 22, 2024 |
October 31, 2024 |
November |
$0.0622 |
November 19, 2024 |
November 29, 2024 |
December |
$0.0622 |
December 17, 2024 | December 31, 2024 |
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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Contacts
U.S. Bank Global Fund Services – Noah Davis (414) 516-1696