High Income Securities Fund Announces Expiration of Rights Offering
High Income Securities Fund (PCF)
US:NYSE Investor Relations:
putnam.com/individual/mutual-funds/closed-end-funds/funds/40-high-income-securities-fund
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--High Income Securities Fund (the “Fund”) (NYSE: PCF) announced today that its non-transferable rights offering to purchase up to 17,530,463 additional shares of its common stock expired on August 9, 2024. The total number of shares to be issued to subscribing Rights Holders is 11,859,975. The Subscription Price is $6.48 which is lower than the Estimated Subscription Price of $6.53. Refunds will be made to those Rights Holders that elected to receive a refund of such excess amount. All other subscribing Rights Holders will receive additional shares of the Fund for such excess amount.Subject to shareholder approval, the Board has approved (1) the Fund entering into an investment advisory agreement with Bulldog Investors, LLP, and (2) changes to the Fund’s investment strategies and fundamental policies in order to expand the types of investments the Fund can make and to increase the Fund’s ability to pursue attractive investment opportunities. The Fund inte
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PCF
News
- High Income Securities Fund Announces Monthly Distributions For Fourth Quarter of 2024Business Wire
- High Income Securities Fund Announces Special MeetingGlobeNewswire
- CEF Weekly Review: PCF Tries To Get Shareholders To Care [Seeking Alpha]Seeking Alpha
- High Income Securities Fund Provides Update on Rights Offering [Yahoo! Finance]Yahoo! Finance
- High Income Securities Fund Provides Update on Rights OfferingBusiness Wire
PCF
Sec Filings
- 9/13/24 - Form DEF
- 9/3/24 - Form N-PX
- 8/28/24 - Form PRE
- PCF's page on the SEC website