High Income Securities Fund (PCF)
| Market Value | 197.51M |
| Revenue (ttm) | 7.72M |
| Net Income (ttm) | 18.12M |
| Shares Out | 29.39M |
| EPS (ttm) | 0.62 |
| PE Ratio | 10.90 |
| Forward PE | n/a |
| Dividend | $0.75 (11.11%) |
| Ex-Dividend Date | Dec 17, 2024 |
| Volume | 69,199 |
| Open | 6.75 |
| Previous Close | 6.74 |
| Day's Range | 6.71 - 6.75 |
| 52-Week Range | 6.19 - 7.00 |
| Beta | 0.94 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About PCF
High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in both convertible bonds and convertible preferred stocks. The fund benchmarks the performance of its portfolio against a composite index comprising of 50% JPMorgan Developed High Yield Index and 50% BofA... [Read more]
News
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, exp...
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 ...
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 throu...
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 unt...
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 I...
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 ...
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...
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 l...
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, Hig...
High Income Securities Fund Announces Expiration of Rights Offering
NEW YORK--(BUSINESS WIRE)--High Income Securities Fund (the “Fund”) (NYSE: PCF) announced today that its non-transferable rights offering to purchase up to 17,530,463 additional shares of its common s...
High Income Securities Fund Provides Update on Rights Offering
NEW YORK--(BUSINESS WIRE)--High Income Securities Fund (“the Fund”) (NYSE: PCF) announced today that the Fund's net asset value per share (NAV) will be posted daily on its website at High Income Secur...
PCF's Rights Offer, Tender Offer, Or Both? What's Going On Here?
High Yield Securities has recently declared a "Rights Offering" which, on its face, doesn't appear all that enticing. The Offering contains a price discount described in a complex formula; but you can...
High Income Securities Fund Announces Terms of Rights Offering
NEW YORK--(BUSINESS WIRE)--High Income Securities Fund (“the Fund”) (NYSE: PCF) announced today that its Board of Trustees has authorized the issuance of one non-transferable right for each share of t...
High Income Securities Fund Announces Monthly Distributions For Third 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 ...
High Income Securities Fund Announces Revised Record Date for June 2024 Distribution
NEW YORK--(BUSINESS WIRE)--High Income Securities Fund (NYSE: PCF) announced today that the record date for the previously announced monthly distribution of $0.0622 per share payable on June 28, 2024 ...
PCF: This Unique CEF Has Improved A Lot Over The Past 6 Months
The High Income Securities Fund offers a high current yield of 11.64%, which compares reasonably well to most of its peers. The fund's share price has been relatively flat over the past few months, bu...
High Income Securities Fund Announces Non-Transferable Rights Offering
MILWAUKEE, April 16, 2024 (GLOBE NEWSWIRE) -- High Income Securities Fund (“the Fund”) (NYSE: PCF) announced today that its Board of Trustees has authorized the issuance of one non-transferable right ...
High Income Securities Fund Announces Monthly Distributions For Second Quarter of 2024
NEW YORK--(BUSINESS WIRE)--High Income Securities Fund, Inc. (NYSE: PCF) (the “Fund”) today announced that the Fund's Board of Trustees (the “Board”) has declared the next three monthly distributions ...
PCF: A High Income Securities Fund In Decline
PCF is a closed-end fund managed by Bulldog Investors, known for shareholder activism campaigns. The fund's strategy is to acquire CEFs and BDCs that pay regular distributions at attractive discounts,...
High Income Securities Fund Announces Monthly Distributions For First Quarter of 2024
NEW YORK--(BUSINESS WIRE)--High Income Securities Fund, Inc. (NYSE: PCF) (the “Fund”) today announced that the Fund's Board of Trustees (the “Board”) has declared the next three monthly distributions ...
CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities
Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, mea...
PCF: An Interesting Fund For Income Hunters, But Distribution Still Looks Strained
The High Income Securities Fund (HIX) is a closed-end fund that focuses on generating high income through investments in closed-end funds, business development companies, and other high-yielding inves...
High Income Securities Fund Announces Adjournment of Annual Stockholder Meeting
NEW YORK--(BUSINESS WIRE)--High Income Securities Fund (NYSE: PCF) (the “Fund”), announced that the annual stockholders meeting convened on November 30, 2023, was adjourned and will reconvene on Decem...
PCF: A Good Diversifier For An Income Portfolio, But Distribution Appears Strained
High Income Securities Fund offers a remarkable 12.04% yield, but this high yield may indicate an expectation of future reduction. The fund's portfolio consists of common equity securities issued by b...
High Income Securities Fund Announces Monthly Distributions For Fourth Quarter of 2023
NEW YORK--(BUSINESS WIRE)--High Income Securities Fund, Inc. (NYSE: PCF) (the “Fund”) today announced that the Fund's Board of Trustees (the “Board”) has declared the next three-monthly distributions ...