High Income Securities Fund Reveals Upcoming Distribution Insights
High Income Securities Fund's Monthly Distribution Announcements
High Income Securities Fund (NYSE: PCF) has officially announced its plans to deliver monthly distributions for its investors as part of a robust managed distribution strategy. The Fund's Board of Trustees has confirmed its intention to distribute funds monthly, targeting an annual yield of 10%, which translates to approximately 0.8333% each month.
This decision is based on the net asset value established at $7.11 per common share as of the previous year's close. The clear intention is to ensure that stockholders receive consistent returns through these well-structured monthly payouts. Here are the particulars of the imminent distributions:
Details of Upcoming Monthly Distributions
During the upcoming months, the distributions are scheduled as follows:
July 2025 Distribution
The distribution for July will be set at $0.0593. For record-keeping, stockholders should note that the record date for this payout is July 22, 2025, with the actual payment date following soon after on July 31, 2025.
August 2025 Distribution
Looking ahead to August, investors can expect another distribution of $0.0593, with the record date being August 19, 2025. Payments will be processed by the end of the month on August 29, 2025.
September 2025 Distribution
Finally, September will similarly feature a distribution of $0.0593. Stockholders should mark September 16, 2025, as the record date, with payments being executed on September 30, 2025.
Importance of Distribution Composition
It is important for investors to remain informed about the composition of these distributions. The Fund will send out notices to stockholders detailing the estimated makeup of each distribution. Furthermore, for tax purposes, the accurate composition of the total distributions will be made available via Form 1099-DIV after the conclusion of the fiscal year.
Contact Information for Inquiries
For additional information regarding these announcements, investors can reach out to Thomas Antonucci at Bulldog Investors LLP. For inquiries, please use the following email: tantonucci@bulldoginvestors.com.
Frequently Asked Questions
What is the purpose of the managed distribution plan?
The managed distribution plan aims to provide stockholders with a predictable and reliable income through regular monthly distributions.
How is the annual rate for the distributions calculated?
The annual rate is calculated based on the Fund's net asset value of common shares as determined at the end of the last fiscal year.
When can stockholders expect their payments?
Payments are scheduled monthly, with specific dates outlined for each distribution in advance.
How will stockholders be informed about the distribution details?
Stockholders will receive notifications that provide an estimate of the composition of each upcoming distribution.
How is the total distribution composition reported for tax purposes?
The total distribution composition will be reported on Form 1099-DIV after the end of the fiscal year for tax reporting.
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