PCF

High Income Securities Fund

6.78 USD
-0.03
0.44%
At close Dec 5, 4:00 PM EST
1 day
-0.44%
5 days
-0.15%
1 month
0.89%
3 months
0.59%
6 months
-0.73%
Year to date
6.44%
1 year
3.67%
5 years
-20.42%
10 years
-17.32%
 

About: High Income Securities Fund is a closed-end management investment company. Its primary objective is to provide high current income and capital appreciation is the secondary objective. The Fund pursues its objective primarily by investing in both convertible bonds and convertible preferred stocks. The Fund also invests significantly in high-yielding non-convertible securities with the potential for capital appreciation.

0
Funds holding %
of 6,790 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

191% more capital invested

Capital invested by funds: $28.7M [Q2] → $83.4M (+$54.8M) [Q3]

188% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 8

57% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 7

18.19% more ownership

Funds ownership: 23.4% [Q2] → 41.59% (+18.19%) [Q3]

8% more funds holding

Funds holding: 48 [Q2] → 52 (+4) [Q3]

Research analyst outlook

We haven’t received any recent analyst ratings for PCF.

Financial journalist opinion

Based on 3 articles about PCF published over the past 30 days

Neutral
Seeking Alpha
4 days ago
CEF Weekly Review: Emerging Market Debt Remains A Tricky Income Holding
We review the CEF market valuation and performance through the third week of November and highlight recent market action. CEFs had a positive week, with most sectors gaining except for higher-quality sectors like Munis and Agencies. MLPs led month-to-date returns with double-digit gains. The Western Asset Emerging Market Debt Fund raised its distribution by 4%, but its 70% coverage ratio makes it less appealing.
CEF Weekly Review: Emerging Market Debt Remains A Tricky Income Holding
Positive
Seeking Alpha
2 weeks ago
Notes On The PCF Annual Shareholder Report And Rights Offering
Detailed review of High Income Securities Fund's annual shareholder report compared to the semi-annual report holdings. PCF announced a tender offer to purchase up to 10,675,000 shares at 98% NAV, expiring on December 9, 2024. Significant portfolio changes include trimming or selling positions in several closed-end funds and BDCs, while adding new positions in others.
Notes On The PCF Annual Shareholder Report And Rights Offering
Neutral
GlobeNewsWire
3 weeks ago
High Income Securities Fund Announces Results of Special Meeting and Commencement of Tender Offer
MILWAUKEE, Nov. 08, 2024 (GLOBE NEWSWIRE) -- High Income Securities Fund (the “Fund”) (NYSE: PCF) announced that at special meeting of shareholders today, shareholders approved all proposals except a proposal to amend the Fund's Declaration of Trust to eliminate the requirement that a proposal to convert the Fund to an open-end mutual fund be submitted to shareholders under certain circumstances.
High Income Securities Fund Announces Results of Special Meeting and Commencement of Tender Offer
Positive
Seeking Alpha
1 month ago
Update On The Upcoming PCF Tender Offer
The High Income Securities Fund has proposed changes to investment strategies, including SPACs and leverage, to enhance returns. The Board has tried to increase shareholder meeting participation through a rights offering, special meeting, and tender offer, rewarding shareholders if the proposals are approved. The special shareholder meeting was adjourned due to insufficient votes, with another meeting scheduled for November 8, 2024.
Update On The Upcoming PCF Tender Offer
Neutral
GlobeNewsWire
1 month ago
High Income Securities Fund Adjourns Special Meeting
MILWAUKEE, Oct. 18, 2024 (GLOBE NEWSWIRE) -- High Income Securities Fund (the “Fund”) (NYSE: PCF) announced today that its special meeting of shareholders was convened today and has been adjourned until Friday, November 8, 2024 at 10:30 am at the office of Bulldog Investors, LLP, 250 Pehle Avenue, Suite 708, Saddle Brook, NJ 07663.
High Income Securities Fund Adjourns Special Meeting
Positive
Seeking Alpha
2 months ago
CEF Weekly Review: CEFs Rally Through First Fed Cut
We review the CEF market valuation and performance through the third week of September and highlight recent market action. Most CEF sectors rose, led by preferreds and convertibles. The DTF Tax-Free Income 2028 Term Fund Inc. offers a high pull-to-NAV yield and low-risk profile with no leverage.
CEF Weekly Review: CEFs Rally Through First Fed Cut
Neutral
Business Wire
2 months ago
High Income Securities Fund Announces Monthly Distributions For Fourth Quarter of 2024
NEW YORK--(BUSINESS WIRE)--High Income Securities Fund (NYSE: PCF) (the “Fund”) today announced that the Fund's Board of Trustees (the “Board”) 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 2024, based on the net asset value of $7.46 of the Fund's common shares as of December 31, 2023.
High Income Securities Fund Announces Monthly Distributions For Fourth Quarter of 2024
Neutral
GlobeNewsWire
2 months ago
High Income Securities Fund Announces Special Meeting
MILWAUKEE, Sept. 16, 2024 (GLOBE NEWSWIRE) -- High Income Securities Fund (the “Fund”) (NYSE: PCF) announced today that a special meeting of shareholders will be held on Friday, October 18, 2024 at 10:30 am at the office of Bulldog Investors, LLP, 250 Pehle Avenue, Suite 708, Saddle Brook, NJ 07663 to consider, among other things, (1) the Fund entering into an investment advisory agreement with Bulldog Investors, LLP, and (2) changes to the Fund's investment strategies and fundamental policies in order to expand the types of investments the Fund can make and to increase the Fund's ability to pursue attractive investment opportunities. Shortly after the special meeting is held, the Fund's Board of Trustees intends to authorize a tender offer by the Fund to purchase at least (a) 90% of the number of shares issued in the rights offering that concluded on August 9, 2024 if the proposals are adopted, or (b) 60% of the number of shares issued in the rights offering if the proposals are not adopted, at a price of at least 98% of NAV.
High Income Securities Fund Announces Special Meeting
Positive
Seeking Alpha
3 months ago
CEF Weekly Review: Not Everything Is An Arbitrage
We review the CEF market valuation and performance through the third week of August and highlight recent market action. CEFs had a strong week, with most sectors finishing in the green, supported by lower Treasury yields. Tortoise plans to merge three MLP-focused CEFs into a new ETF, potentially eliminating discounts but don't call it an arbitrage.
CEF Weekly Review: Not Everything Is An Arbitrage
Neutral
Seeking Alpha
3 months ago
CEF Weekly Review: PCF Tries To Get Shareholders To Care
We review CEF market valuation and performance through the second week of August and highlight recent market action. CEFs were mixed, with MLP funds recovering while REIT funds struggled. The CEF, High Income Securities Fund, is implementing a novel strategy to get its initiatives approved by shareholders.
CEF Weekly Review: PCF Tries To Get Shareholders To Care
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