Monthly Distributions of High Income Securities Fund Announced
High Income Securities Fund Declares New Monthly Distributions
The High Income Securities Fund (NYSE: PCF) has just shared exciting news for its investors. The Fund’s Board of Trustees has approved a series of monthly distributions that will benefit its common stockholders as part of its managed distribution plan. This initiative underscores the Fund's commitment to delivering consistent value to its investors.
Understanding the Managed Distribution Plan
This managed distribution plan is structured to provide a consistent return for shareholders. The Fund aims to distribute a total annual return of approximately 10%, which translates to a monthly payout of about 0.8333%. These distributions are based on the Fund’s net asset value, which as of the most recent evaluations stands at $7.11 per share.
Upcoming Distribution Details
The Board has officially declared the next three monthly distributions, and here's what shareholders need to know:
Distribution Schedule
Each month leading up to the year-end, the Fund will release a set amount per share. The declared distributions are as follows:
- **October:** $0.0593, with a record date of October 21, 2025, and payable date on October 31, 2025.
- **November:** $0.0593, with a record date of November 18, 2025, and payable date on November 28, 2025.
- **December:** $0.0593, with a record date of December 16, 2025, and payable date on December 31, 2025.
Importance of Notifications
As part of their transparent approach, the Fund will notify stockholders with an estimate regarding the composition of these distributions. This is vital for ensuring that investors have a clear understanding of how their earnings are structured, especially when preparing for tax reporting obligations.
Tax Reporting and Composition of Distributions
Shareholders can expect the comprehensive breakdown of the total distribution amounts on a Form 1099-DIV following the end of the fiscal year. This reporting will assist investors in accurately fulfilling their tax requirements.
Contact Information for Investors
For further details or inquiries, investors are encouraged to reach out to Thomas Antonucci at Bulldog Investors LLP. Thomas is available at tantonucci@bulldoginvestors.com. He is equipped to assist with any questions regarding these distributions or the managed distribution plan.
Frequently Asked Questions
What is the purpose of the managed distribution plan?
The managed distribution plan aims to provide regular, predictable income to shareholders, enhancing the stability of returns.
How often does the Fund distribute payments?
The Fund plans to make monthly distributions to its common stockholders.
What is the annual distribution rate?
The Fund targets an annual distribution rate of 10%, equivalent to about 0.8333% monthly based on its share value.
Where can I find the details of the distribution amounts?
Investors will receive a notification with estimates, and detailed figures will be issued on Form 1099-DIV for tax purposes at the year's end.
Who should I contact for more information?
For inquiries, you can contact Thomas Antonucci at Bulldog Investors LLP via email.
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