High Income Securities Fund Announces Monthly Distributions for First Quarter of 2023, Payable on January 31, 2023, February 28, 2023 and March 31, 2023
January 04, 2023 at 09:58 am EST
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High Income Securities Fund Inc. announced that the Fund's Board of Trustees 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, 2022. For the months of January, February and March the company declared distribution of $0.0604 per share with payable date on January 31, 2023, February 28, 2023 and March 31, 2023.
Record Dates are January 20, 2023, February 16, 2023 and March 22, 2023.
High Income Securities Fund (the Fund) is a diversified closed-end management investment company. The Fundâs investment objective is to seek to provide high current income as a primary objective and capital appreciation as a secondary objective. The Fund is focused on achieving objective is by primarily investing approximately 80% of its net assets in fixed income securities, including debt instruments, convertible securities, and preferred stocks. The Fund also invests in high-yielding non-convertible securities with the potential for capital appreciation. The primary focus of the investment strategy is to acquire discounted securities of income-oriented closed-end investment companies, business development companies, fixed income securities, including debt instruments, convertible securities, preferred stocks, and special purpose acquisition companies.
High Income Securities Fund Announces Monthly Distributions for First Quarter of 2023, Payable on January 31, 2023, February 28, 2023 and March 31, 2023
HIGH INCOME SECURITIES FUND 
