High Income Securities Fund announces three monthly distributions at a 10% annual rate for 2026, subject to fund performance.
Quiver AI Summary
High Income Securities Fund has announced that its Board of Trustees has declared the next three monthly distributions as part of its managed distribution plan for 2026. The Fund plans to distribute monthly payments to common stockholders at an annual rate of 10%, based on a net asset value of $6.96 per share as of the end of 2025. The declared distributions are $0.0580 per share for October, November, and December, with specific record and payable dates provided. If the Fund does not have enough investment income, it may distribute long-term capital gains or return capital. Additionally, if net investment income and capital gains exceed the distributions, the Fund may issue a special year-end distribution. The Board retains the authority to amend or terminate the distribution plan at any time. Stockholders will receive notifications about the composition of distributions, and an official Form 1099-DIV will be issued for tax reporting at the end of the year.
Potential Positives
- The Fund continues to provide regular monthly distributions, demonstrating a commitment to returning value to shareholders.
- The distribution plan sets a substantial annual rate of 10%, which may attract income-focused investors.
- The announcement of upcoming distributions provides transparency and predictability for shareholders regarding their investment returns.
- The potential for additional year-end distributions indicates that the Fund may be in a strong position to exceed expected performance metrics.
Potential Negatives
- The declaration of distributions from long-term capital gains and/or return of capital suggests potential shortfalls in net investment income, which may indicate underlying performance issues.
- The ability of the Fund's Board to amend or terminate the managed distribution plan at any time may lead to uncertainty regarding future distributions, affecting investor confidence.
- The statement that no conclusions should be drawn about the Fund’s investment performance from the amounts of distributions could raise concerns about the sustainability and reliability of the Fund's financial health.
FAQ
What is the recent announcement by High Income Securities Fund?
The Fund's Board declared the next three monthly distributions under its managed distribution plan.
What is the annual distribution rate for the Fund in 2026?
The Fund intends to make monthly distributions at an annual rate of 10% for 2026.
When will the next distributions be paid to stockholders?
The next distributions are scheduled for October 30, November 30, and December 31, 2026.
How does the managed distribution plan work?
It includes monthly distributions based on net asset value and potentially uses long-term capital gains or return of capital.
What tax information will stockholders receive regarding distributions?
Stockholders will receive a Form 1099-DIV detailing the actual composition of distributions for tax reporting purposes.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PCF Insider Trading Activity
$PCF insiders have traded $PCF stock on the open market 6 times in the past 6 months. Of those trades, 6 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $PCF stock by insiders over the last 6 months:
- PHILLIP GOLDSTEIN has made 6 purchases buying 31,507 shares for an estimated $169,783 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$PCF Hedge Fund Activity
We have seen 25 institutional investors add shares of $PCF stock to their portfolio, and 28 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALMITAS CAPITAL LLC added 131,515 shares (+169.0%) to their portfolio in Q2 2026, for an estimated $719,387
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- ABSOLUTE INVESTMENT ADVISERS, LLC removed 47,260 shares (-43.5%) from their portfolio in Q2 2026, for an estimated $258,512
- LPL FINANCIAL LLC added 41,870 shares (+3.0%) to their portfolio in Q2 2026, for an estimated $229,028
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To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
NEW YORK, Sept. 28, 2026 (GLOBE NEWSWIRE) -- 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 2026, based on the net asset value of $6.96 of the Fund’s common shares as of December 31, 2025.
The next three distributions declared under the managed distribution plan are as follows:
| Month | Rate | Record Date | Payable Date |
| October | $0.0580 | October 20, 2026 | October 30, 2026 |
| November | $0.0580 | November 17, 2026 | November 30, 2026 |
| December | $0.0580 | December 22, 2026 | December 31, 2026 |
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.
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.
