High Income Securities Fund has declared three monthly distributions at an annual rate of 10% for 2025.
Quiver AI Summary
High Income Securities Fund has announced the declaration of its next three monthly distributions as part of its managed distribution plan, which aims to provide common stockholders with monthly payments at an annual rate of 10% for 2025, based on a net asset value of $7.11 per share as of December 31, 2024. The distributions will be $0.0593 for each month—October, November, and December—with record dates falling on October 21, November 18, and December 16, 2025, and payable dates on October 31, November 28, and December 31, 2025, respectively. Shareholders will receive a notice estimating the composition of these distributions, with further details provided in a Form 1099-DIV for tax reporting after the year ends.
Potential Positives
- The Board of Trustees has declared three monthly distributions under the managed distribution plan, ensuring regular income for stockholders.
- The Fund maintains a consistent annual distribution rate of 10%, which can attract and retain investors looking for income-generating investments.
- The specified monthly distribution rate is transparent, allowing shareholders to plan for income effectively.
- The notice to stockholders regarding the composition of distributions provides essential information for tax reporting purposes, enhancing transparency and trust with investors.
Potential Negatives
- The declaration of monthly distributions at a fixed rate may indicate that the Fund is relying on a managed distribution plan, which can be seen as a sign that they may not consistently generate sufficient income from their investments.
- The fact that the monthly distribution remains constant rather than increasing could suggest a lack of growth or positive performance in the Fund's underlying assets.
- The use of a fixed percentage distribution may raise concerns among investors about the sustainability of future distributions, particularly if the asset value decreases.
FAQ
What is the annual distribution rate for High Income Securities Fund?
The annual distribution rate for the High Income Securities Fund is 10%, or 0.8333% per month for 2025.
When are the next distributions for the Fund scheduled?
The next distributions for the Fund are scheduled for October 31, November 28, and December 31, 2025.
What is the record date for each distribution?
The record dates for the distributions are October 21, November 18, and December 16, 2025, respectively.
How can stockholders obtain details on distribution composition?
The Fund will issue a notice to stockholders with an estimate of the composition of each distribution.
Where can I find tax information for the Fund's distributions?
Tax information for the Fund's distributions will be provided on a Form 1099-DIV 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 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:
- MORITZ A SELL has made 6 purchases buying 6,376 shares for an estimated $38,427 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PCF Hedge Fund Activity
We have seen 22 institutional investors add shares of $PCF stock to their portfolio, and 18 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- KINGSTONE CAPITAL PARTNERS TEXAS, LLC added 132,080,005 shares (+525921.8%) to their portfolio in Q2 2025, for an estimated $838,708,031
- INVESCO LTD. removed 96,201 shares (-27.0%) from their portfolio in Q2 2025, for an estimated $610,876
- LPL FINANCIAL LLC removed 74,975 shares (-4.7%) from their portfolio in Q2 2025, for an estimated $476,091
- RAYMOND JAMES FINANCIAL INC added 53,016 shares (+18.5%) to their portfolio in Q2 2025, for an estimated $336,651
- SAMALIN INVESTMENT COUNSEL, LLC added 46,497 shares (+185.6%) to their portfolio in Q2 2025, for an estimated $295,255
- JANE STREET GROUP, LLC added 31,312 shares (+inf%) to their portfolio in Q2 2025, for an estimated $198,831
- SHAKER FINANCIAL SERVICES, LLC added 28,503 shares (+inf%) to their portfolio in Q2 2025, for an estimated $180,994
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, Oct. 02, 2025 (GLOBE NEWSWIRE) -- High Income Securities Fund (NYSE: PCF) (the “Fund”) has 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 2025, based on the net asset value of $7.11 of the Fund’s common shares as of December 31, 2024.
The next three distributions declared under the managed distribution plan are as follows:
| Month | Rate | Record Date | Payable Date |
| October | $0.0593 | October 21, 2025 | October 31, 2025 |
| November | $0.0593 | November 18, 2025 | November 28, 2025 |
| December | $0.0593 | December 16, 2025 | December 31, 2025 |
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.
Contacts
For information, please contact:
Thomas Antonucci, Bulldog Investors LLP (
[email protected]
)
