High Income Fund Announces Results of Special Meeting and Initial Tender Offer Via Investing.com

MILWAUKEE, Nov. 08, 2024 (GLOBE NEWSWIRE) — High Income Securities Fund (the Fund) (NYSE: PCF ) announced that at a special meeting of shareholders today, shareholders approved all proposals except the proposal to amend the Fund’s Declaration of Funds to eliminate the requirement that the proposal to convert the Fund into an open-ended personal fund sent to shareholders under certain conditions.

Separately, today the Fund is initiating a tender offer to purchase up to 10,675,000 shares of the Fund at 98% of the net asset value per share as of the close of regular trading hours on the New York Stock Exchange with an expiration date of December 9, 2024 (unless extended). In accordance with the rules of the US 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 pm Eastern Time, on the Expiration Date. The tender offer is made subject to the terms and conditions set out in the tender statement, which will be sent to shareholders as soon as possible. Shareholders who hold shares in street name and wish to accept the tender offer should contact their custodian to confirm when we require notice (which may be prior to the Expiration Date).

This announcement is not an offer or an offer to buy any securities of the Fund. The Fund has filed with the Commission a tender statement on Schedule TO under the Securities Exchange Act of 1934, as amended, relating to the tender offer. Shareholders should read the tender statement carefully as it contains important information. Shareholders may obtain the tender statement and other filing documents free of charge on the Commission’s website at

For more information, please call InvestorCom, the Fund’s information agent, at (877) 972-0090.

Source: High Income Securities Fund