1. PCF declares monthly distributions of $0.0580 for January to March 2026. 2. Annual distribution rate set at 10%, based on NAV of $6.96. 3. Fund may adjust distributions based on investment income fluctuations. 4. Potential adverse effects on market price if terms change. 5. Year-end review will assess possibility of additional distributions.
FAQ
Why Bullish?
The consistent distribution and attractive yield can attract investors and support PCF's price stability, similar to previous strong dividend announcements in similar funds that boosted share prices. For example, funds maintaining stable distributions historically see less volatility.
How important is it?
The article presents clear information about distributions that directly influence investor perceptions and share price movements, indicating strong relevance and importance for PCF.
Why Short Term?
Immediate effect expected as investors respond to the announced distributions; significant shifts may be seen by the end of Q1 2026 if broader market conditions change.
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NEW YORK, Jan. 02, 2026 (GLOBE NEWSWIRE) -- 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 the Fund's managed distribution plan.
Under the Fund's managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of 10% (or 0.8333% per month) for 2026, based on the net asset value of $6.96 of the Fund's common shares as of December 31, 2025.
The next three distributions declared under the managed distribution plan are as follows:
| Month | Amount | Record Date | Payable Date | |
| January | $0.0580 | January 20, 2026 | January 30, 2026 | |
| February | $0.0580 | February 17, 2026 | February 27, 2026 | |
| March | $0.0580 | March 17, 2026 | March 31, 2026 | |
Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital. To the extent that the Fund's net investment income and net realized capital gains exceed the aggregate amount distributed pursuant to the managed distribution plan, the Fund may make an additional year-end distribution. No conclusions should be drawn about the Fund's investment performance from the amount of the distributions. The Board may amend the terms of the managed distribution plan or terminate the plan at any time without prior notice to stockholders, which could have an adverse effect on the market price of the Fund's common shares. The plan will be subject to periodic review by the Board, including a yearly review of the annual fixed rate to determine if an adjustment should be made.
The Fund will issue a notice to common 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.
For information, please contact: Thomas Antonucci at tantonucci@bulldoginvestors.com.
