Putnam High Income Securities Fund

High Income Securities Fund offers a remarkable 12.04% yield, but this high yield may indicate an expectation of future reduction. The fund's portfolio consists of common equity securities issued by business development companies, which are quite rare to find in any closed-end fund. The fund's distribution has been inconsistent in the past, and its ability to sustain its current distribution is uncertain.

PCF: A Good Diversifier For An Income Portfolio, But Distribution Appears Strained

NEW YORK--(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 2023, based on the net asset value of $7.25 of the Fund's common shares as of December 31.

High Income Securities Fund Announces Monthly Distributions For Fourth Quarter of 2023

Investors today are in desperate need of income in order to sustain their standard of living in the face of the current inflation crisis. High Income Securities Fund invests in a portfolio of BDCs and CEFs to provide its investors with a very high level of current income. It is surprisingly difficult to get information about this closed-end fund as management is not very transparent and various online sources differ.

PCF: Lack Of Transparency A Big Negative

ArrowMark Financial

Blackrock Health Sciences Trust

BlackRock Utilities Infrastructure & Power Opportunities Trust

Calamos Strategic Total Return Fund

Allspring Global Dividend Opportunity Fund

Eaton Vance Enhanced Equity Income Fund II

Nuveen Core Equity Alpha Fund

Barings Participation Investors

LMP Capital and Income Fund

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs that have solid track records, pay high distributions, and are offering "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs To Buy This Month (June 2023)

High Income Securities Fund Announces Monthly Distributions For Third Quarter of 2023

Liberty All-Star Growth Fund

BlackRock Resources & Commodities Strategy Trust

BlackRock Science & Technology

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Barings Corporate Investors

PIMCO Income Strategy Fund II

abrdn Life Sciences Investors 

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.

5 Best CEFs To Buy This Month (May 2023)

NEW YORK--(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 2023, based on the net asset value of $7.

High Income Securities Fund Announces Monthly Distributions For Second Quarter of 2023

Investors are desperately in need of income as the high inflation has made it ever more difficult for us to sustain our standard of living. High Income Securities Fund invests in a portfolio of business development companies, closed-end funds, and preferred stock to provide a very high yield.

PCF: Good Strategy And Price, But A Few Concerns

NEW YORK--( BUSINESS WIRE )--High Income Securities Fund (NYSE: PCF) (the “Fund”) today announced that effective February 6, 2023 American Stock Transfer & Trust Company, LLC (“AST”) 6210 15th Avenue Brooklyn, NY 11219, Telephone 1-800-278-4353, will serve as Transfer Agent to the Fund. All account balances will remain the same.

High Income Securities Fund Announces New Transfer Agent

NEW YORK--( 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.

High Income Securities Fund Announces Monthly Distributions For First Quarter of 2023

PCF invests in a portfolio of income-focused CEFs and BDCs, which is quite different than most other funds. The fund does still invest in fixed-income securities itself, so it does still have exposure to interest rates.

PCF: A Unique CEF That Presents An Opportunity If It Can Maintain Its Distribution

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

John Hancock Financial Opportunities Fund

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Virtus Stone Harbor Emerging Markets Income Fund 

Stone Harbor Emerging Markets Total Income Fund

Eagle Point Income Company Inc

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

First Trust / Aberdeen Emerging Opportunity Fund

Gabelli Equity Trust

Gabelli Convertible and Income Securities Fund

BlackRock Corporate High Yield Fund

Ivy High Income Opportunities Fund

Madison Fund

Macquarie Global Infrastructure Total Return Fund Inc

Nuveen Arizona Quality Municipal Income Fund

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Tortoise Energy Independence Fund, Inc.

Nuveen Municipal Credit Opportunities Fund

Nuveen Missouri Quality Municipal Income Fund

Tortoise MLP Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

RiverNorth Opportunities Fund, Inc.

Columbia Seligman Premium Technology Growth Func Inc

Tortoise Power and Energy Infrastructure Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

Delaware Investments

Virtus Total Return Fund

0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.

Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)

NEW YORK--(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 2022, based on the net asset value of $8.75 of the Fund's common shares as of December 31

High Income Securities Fund Announces Monthly Distributions For Fourth Quarter of 2022

PCF is managed by Bulldog Investors, an activist group in the CEF space. They know the allure of higher yields, which PCF has a 10% managed distribution plan.

PCF: An Interesting Portfolio At A Fair Valuation

The High Income Securities Fund (PCF) is a fund-of-funds with a small AUM of only $135 mm. PCF counts as its largest holdings other CEFs (26%), BDCs (17%), Preferred Stocks (20%), SPACs (20%) and Money market funds (11%).

PCF: Fund-Of-Funds CEF, Large 11.3% Dividend Yield

High Income Securities Fund Announces Monthly Distributions For Third Quarter of 2022

Last time we touched on PCF, the fund had been trading at a premium. That premium quickly ended with a dilutive rights offering, and 2022 hasn't helped that.

PCF: Discounted And A 10% Managed Distribution Plan

High Income Securities Fund Announces Monthly Distributions For Second Quarter of 2022

NEW YORK--(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 dividends 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 2022, based on the net asset value of $8.75 of the Fund's common shares as of December 31, 20

High Income Securities Fund Announces Monthly Distributions For First Quarter of 2022

PCF's rights offering formula is shareholder-unfriendly.

PCF's Rights Offering: Quick Notes

NEW YORK--(BUSINESS WIRE)--High Income Securities Fund (the “Fund”) (NYSE: PCF) announced today that it wishes to alert Rights Holders to a provision in the Fund's prospectus and Subscription Certificate for its non-transferable rights offering to shareholders to purchase additional shares of beneficial interest (“Shares”). As provided in the Fund's prospectus and Subscription Certificate, in the event that the Estimated Subscription Price is more than the Subscription Price on the Expiration D

High Income Securities Fund Announcement Regarding its Non-Transferable Rights Offering

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). The distributions for 2021 are based on the net asset value of $9.34 of the Fund's common shares as of the last business day of 2020. The monthly distribution schedule is as follows for the months of October, November, and December:   Month Distribution Record Date Payable Date

High Income Securities Fund Announces Monthly Distributions For Fourth Quarter of 2021

Retirees struggle to generate reasonable portfolio income in the current environment due to Fed policies. PCF invests in an interesting array of high-yield securities to give it a 9.5%+ yield.

PCF: An Underfollowed 9.54% Yielder

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). The distributions for 2021 are based on the net asset value of $9.34 of the Fund's common shares as of the last business day of 2020. The monthly distribution schedule is as follows for the months of July, August, and September: Month   Distribution   Record Date   Payable Date

High Income Securities Fund Announces Monthly Distributions For Third Quarter of 2021

This fund was taken over by the activist Bulldog, which we have seen happen in the past. The fund has transitioned to a 'fund of funds' approach.

News for Putnam High Income Securities Fund ETF (PCF)