High Income Securities Fund announced monthly distributions for 2026, maintaining an annual payout rate of 10%.
Quiver AI Summary
High Income Securities Fund (NYSE: PCF) announced that its Board of Trustees has declared the next three monthly distributions as part of its managed distribution plan, which aims to provide an annual distribution rate of 10% for 2026. Each distribution will be $0.0580 per share, payable at the end of July, August, and September 2026. The plan will utilize investment income, long-term capital gains, or return of capital if necessary. The Board retains the right to amend or terminate the plan, and stockholders will receive details about the composition of the distributions for tax reporting purposes, which will be summarized in a Form 1099-DIV after the year ends.
Potential Positives
- The Fund's Board of Trustees has declared monthly distributions, providing regular income to stockholders.
- The managed distribution plan is set at an attractive annual rate of 10%, based on the net asset value of the Fund, enhancing the Fund's attractiveness to investors.
- The potential for additional year-end distributions adds an element of potential upside for stockholders if the Fund performs well.
Potential Negatives
- The declaration of distributions based on projected net asset value may raise concerns about the Fund's ability to generate sufficient investment income, as it indicates reliance on returns of capital and capital gains.
- The stipulation that the Board may amend or terminate the managed distribution plan at any time could create uncertainty for investors regarding future distributions.
- The press release states that no conclusions should be drawn about the Fund’s investment performance from the amount of distributions, which may signal underlying issues with the Fund's performance metrics.
FAQ
What are the upcoming distribution amounts for High Income Securities Fund?
The upcoming distributions are $0.0580 for July, August, and September 2026.
When will the distributions be paid to stockholders?
The distributions will be paid on July 31, August 31, and September 30, 2026.
What is the annual distribution rate for the Fund in 2026?
The annual distribution rate for 2026 is 10%, equating to 0.8333% per month.
How does the managed distribution plan work?
The plan allows for monthly distributions based on income and may include capital gains or a return of capital if necessary.
Will stockholders receive a Form 1099-DIV for tax purposes?
Yes, stockholders will receive a Form 1099-DIV detailing the distribution composition after the end of the year.
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 7 times in the past 6 months. Of those trades, 7 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 5 purchases buying 41,107 shares for an estimated $234,763 and 0 sales.
- RAJEEV P DAS has made 2 purchases buying 3,256 shares for an estimated $20,000 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 33 institutional investors add shares of $PCF stock to their portfolio, and 25 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SABA CAPITAL MANAGEMENT, L.P. added 178,077 shares (+inf%) to their portfolio in Q1 2026, for an estimated $982,985
- MORGAN STANLEY added 129,844 shares (+25.4%) to their portfolio in Q1 2026, for an estimated $716,738
- RAYMOND JAMES FINANCIAL INC added 82,661 shares (+20.6%) to their portfolio in Q1 2026, for an estimated $456,288
- ALMITAS CAPITAL LLC added 77,807 shares (+inf%) to their portfolio in Q1 2026, for an estimated $429,494
- LPL FINANCIAL LLC added 70,013 shares (+5.3%) to their portfolio in Q1 2026, for an estimated $386,471
- SHAKER FINANCIAL SERVICES, LLC removed 69,164 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $381,785
- ABSOLUTE INVESTMENT ADVISERS, LLC removed 58,714 shares (-35.1%) from their portfolio in Q1 2026, for an estimated $324,101
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, July 01, 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 | |
| July | $ | 0.0580 | July 21, 2026 | July 31, 2026 |
| August | $ | 0.0580 | August 18, 2026 | August 31, 2026 |
| September | $ | 0.0580 | September 22, 2026 | September 30, 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.
Contact: Ultimus Fund Solutions, [email protected]
