High Income Securities Fund, Inc. Announces Distribution for the Months of January, February, and March 2020, Payable on January 31, 2020, February 28, 2020 and March 31, 2020 Respectively
January 02, 2020 at 04:06 pm
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High Income Securities Fund Inc. intended to make monthly distributions at an annual rate of at least 10% per annum as long as the Fund continues to be a registered investment company. Beginning in January 2020, the Fund intends to make monthly distributions at an annual rate of at least 10% (or 0.8333% per month), based on the net asset value of $9.74 of the Fund’s common shares as of the last business day of 2019. The company announced distribution of $0.82 for the months of January, February, and March 2020. The dividends are payable on January 31, 2020, February 28, 2020 and March 31, 2020 with record dates as January 17, 2020, February 18, 2020 and March 17, 2020 respectively.
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, Inc. Announces Distribution for the Months of January, February, and March 2020, Payable on January 31, 2020, February 28, 2020 and March 31, 2020 Respectively
HIGH INCOME SECURITIES FUND 
