High Income Securities Fund (NYSE:PCF) Shareholders to Collect SAR 0.06 Monthly Dividend

Key Points

• High Income Securities Fund declared a monthly dividend of SAR 0.06 per share, payable October 30 to shareholders of record on October 20. The dividend equates to approximately $0.70 annually and a 13.4% yield.
• PCF opened at $5.19, near its 12-month low of $5.13 and below its 50-day and 200-day moving averages of $5.39 and $5.51, respectively.
• Institutional investors and hedge funds own 16.64% of the fund, with several firms increasing their positions. The closed-end fund invests in income-producing securities such as corporate debt, high-yield bonds, loans and preferred stocks.

High Income Securities Fund (NYSE:PCF - Get Free Report) announced a monthly dividend on Monday, September 28th. Investors of record on Tuesday, October 20th will be given a dividend of SAR 0.06 per share by the financial services provider on Friday, October 30th. This represents a $0.70 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend is Tuesday, October 20th.

High Income Securities Fund Stock Performance

NYSE PCF opened at $5.19 on Tuesday. High Income Securities Fund has a twelve month low of $5.13 and a twelve month high of $6.40. The stock has a fifty day simple moving average of $5.39 and a 200 day simple moving average of $5.51.

Institutional Investors Weigh In On High Income Securities Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Lido Advisors LLC acquired a new position in shares of High Income Securities Fund in the first quarter worth approximately $66,000. Bulldog Investors LLP increased its position in High Income Securities Fund by 30.4% during the 1st quarter. Bulldog Investors LLP now owns 13,961 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 3,256 shares during the period. Live Oak Private Wealth LLC acquired a new stake in High Income Securities Fund during the 1st quarter valued at approximately $97,000. Tactive Advisors LLC raised its holdings in High Income Securities Fund by 21.9% during the 1st quarter. Tactive Advisors LLC now owns 21,007 shares of the financial services provider's stock worth $116,000 after purchasing an additional 3,780 shares during the last quarter. Finally, Rivernorth Capital Management LLC raised its holdings in High Income Securities Fund by 95.1% during the 1st quarter. Rivernorth Capital Management LLC now owns 102,563 shares of the financial services provider's stock worth $566,000 after purchasing an additional 50,003 shares during the last quarter. Institutional investors and hedge funds own 16.64% of the company's stock.

About High Income Securities Fund

High Income Securities Fund NYSE: PCF is a diversified, closed-end management investment company. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The fund invests in a portfolio of income-producing securities, including corporate debt, high-yield bonds, loans, preferred stocks and other fixed-income or equity investments. Its portfolio may include securities issued by companies in a range of industries and may provide exposure to both U.S.

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