Putnam High Income Declares Voting Results of Annual Shareholder Meeting
June 28, 2018 at 08:38 am
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On June 28, 2018, Putnam High Income Securities Fund announced that the shareholders voted to fix the number of trustees at 7 and elect Phillip Goldstein, Rajeev Das, Andrew Dakos, Richard Dayan, Gerald Hellerman, Ben Harris and Moritz Sell, who were nominated by Full Value Partners, L.P., a shareholder of the Fund and a member of the Bulldog Investors Group of Funds. In addition, the Company added that the certified voting results show that a shareholder proposal requesting that the Board of Trustees of the Fund authorize a self-tender offer for at least 50% of the outstanding common shares of the Fund at or close to net asset value was approved.
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 
