High Income Securities Fund Announces Results of Special Meeting and Commencement of Tender Offer
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: GlobeNewswire
MILWAUKEE, Nov. 08, 2024 (GLOBE NEWSWIRE) -- High Income Securities Fund (the “Fund”) (NYSE: PCF) announced that at special meeting of shareholders today, shareholders approved all proposals except a proposal to amend the Fund’s Declaration of Trust to eliminate the requirement that a proposal to convert the Fund to an open-end mutual fund be submitted to shareholders under certain circumstances. Separately, today the Fund is commencing a tender offer to purchase up to 10,675,000 shares of the Fund at 98% of the net asset value per common share as of the close of the regular trading session of the New York Stock Exchange on the Expiration Date which is December 9, 2024 (unless extended). In accordance with the rules of the U.S. Securities and Exchange Commission (the “Commission”), the Fund may purchase additional shares not to exceed 2% of the outstanding shares without amending or extending the tender offer. The tender offer will expire at 5:00 p.m. Eastern Time, on the Expirat
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