High Income Securities Fund (PCF) to Distribute Monthly Dividend of $0.06 on September 30th

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.058 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 12.5%. The ex-dividend date of this dividend is Tuesday, September 22nd.

High Income Securities Fund Stock Down 0.9%

NYSE:PCF opened at $5.55 on Friday. The company has a 50-day moving average price of $5.59 and a 200-day moving average price of $5.79. High Income Securities Fund has a 12 month low of $5.36 and a 12 month high of $6.51.

About High Income Securities Fund

High Income Securities Fund (NYSE: PCF) is a closed-end management investment company dedicated to delivering a high level of total return, with an emphasis on current income. The fund invests primarily in a diversified portfolio of below-investment-grade debt securities, including corporate high-yield bonds, bank loans and other fixed-income instruments. While the majority of its holdings are denominated in U.S. dollars, the fund may also invest in non-U.S. issuers and currency exposures as part of its global credit strategy.

To pursue its objectives, PCF may employ leverage in the form of borrowings and preferred stock issuance, enhancing its capacity to generate income but also introducing additional risk.