High Income Securities Fund, Inc. (NYSE: PCF) (the “Fund”) previously announced that, as long as the Fund continues to be a registered investment company, it intends, for the remainder of 2019, to make monthly distributions at an annual rate of at least 6% (or 0.5% per month), based on the net asset value (NAV) of the Fund’s common shares as of June 28, 2019. For the year 2020, as long as the Fund continues to be a registered investment company, it intends to make monthly distributions at an annual rate of at least 6%, based on the NAV of the Fund’s shares as of the last business day of 2019.
The monthly distribution schedule is as follows for the months of October, November, and December:
Month
|
|
Distribution
|
|
Record Date
|
|
Payable Date
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|
|
|
|
|
|
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October
|
|
$0.048
|
|
October 16, 2019
|
|
October 31, 2019
|
|
|
|
|
|
|
|
November
|
|
$0.048
|
|
November 15, 2019
|
|
November 29, 2019
|
|
|
|
|
|
|
|
December
|
|
$0.048
|
|
December 19, 2019
|
|
December 31, 2019
|
To the extent that sufficient investment income is not available on a monthly basis, the distributions may include return of capital. No conclusions should be drawn about the Fund’s investment performance from the amount of the distributions.
The Fund will issue a notice to stockholders that will provide an estimate of the composition of each distribution. For tax reporting purposes the actual composition of the total amount of distributions for each year will continue to be provided on a Form 1099-DIV issued after the end of the year.
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