High Income Securities Fund [PCF] Stock Forecast

PCF invests in a portfolio of income-focused CEFs and BDCs, which is quite different than most other funds. The fund does still invest in fixed-income securities itself, so it does still have exposure to interest rates.

0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.

PCF is managed by Bulldog Investors, an activist group in the CEF space. They know the allure of higher yields, which PCF has a 10% managed distribution plan.

The High Income Securities Fund (PCF) is a fund-of-funds with a small AUM of only $135 mm. PCF counts as its largest holdings other CEFs (26%), BDCs (17%), Preferred Stocks (20%), SPACs (20%) and Money market funds (11%).

PCF's rights offering formula is shareholder-unfriendly.

NEW YORK--(BUSINESS WIRE)--High Income Securities Fund (the “Fund”) (NYSE: PCF) announced today that it wishes to alert Rights Holders to a provision in the Fund's prospectus and Subscription Certificate for its non-transferable rights offering to shareholders to purchase additional shares of beneficial interest (“Shares”). As provided in the Fund's prospectus and Subscription Certificate, in the event that the Estimated Subscription Price is more than the Subscription Price on the Expiration D

NEW YORK--(BUSINESS WIRE)--High Income Securities Fund (“the Fund”) (NYSE: PCF) announced today that its Board of Trustees has approved the terms of a non-transferable rights offering to shareholders to purchase additional shares of beneficial interest. The Fund will issue to holders of its shares of beneficial interest of record on September 22, 2021 non-transferable rights to subscribe for up to an aggregate of 9,487,873 shares of beneficial interest. Record date shareholders will receive one

NEW YORK--(BUSINESS WIRE)--As previously announced, High Income Securities Fund, Inc. (NYSE: PCF) (the “Fund”) intends to make monthly distributions at an annual rate of at least 10% per annum (or 0.8333% per month). The distributions for 2021 are based on the net asset value of $9.34 of the Fund's common shares as of the last business day of 2020. The monthly distribution schedule is as follows for the months of October, November, and December:   Month Distribution Record Date Payable Date

Retirees struggle to generate reasonable portfolio income in the current environment due to Fed policies. PCF invests in an interesting array of high-yield securities to give it a 9.5%+ yield.

This fund was taken over by the activist Bulldog, which we have seen happen in the past. The fund has transitioned to a 'fund of funds' approach.

High Income Securities Fund is a US stock and trading under the symbol PCF

High Income Securities Fund stock price is $7.04 today.

Yes, High Income Securities Fund is a publicly traded company.