High Income Securities Fund Announces Monthly Distributions for Third Quarter of 2022, Payable on July 29, 2022, August 31, 2022 and September 30, 2022 Respectively
July 06, 2022 at 10:33 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 2022, based on the net asset value of $8.75 of the Fund's common shares as of December 31, 2021. For the month of July, August and September the company declared distribution of $0.073 with payable date on July 29, 2022, August 31, 2022 and September 30, 2022.
Record Dates are July 20, 2022, August 22, 2022 and September 21, 2022.
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 Announces Monthly Distributions for Third Quarter of 2022, Payable on July 29, 2022, August 31, 2022 and September 30, 2022 Respectively
HIGH INCOME SECURITIES FUND 
