High Income Securities Fund Declares Distribution for Second Quarter of 2023, Payable on May 31, 2023 and June 30, 2023
March 27, 2023 at 11:40 am EDT
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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 month of May and June the company declared distribution of $0.0604 with payable date on May 31, 2023 and June 30, 2023.
Record Dates are 2023, May 19, 2023 and June 21, 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 
