PCF: Deep Discount With Discounted Portfolio Exposure

The High Income Securities Fund offers deep diversification via a sleeve of fund-of-funds exposure, currently trading at a -11.50% discount to NAV. PCF's expense ratio is fairly high, which is compounded by underlying CEF and BDC fees, but the fund's discount-on-discount structure creates tactical appeal. The managed 10% distribution policy has led to payout reductions over time, but with the current yield at 11.43%, propped up by its discount.

Seeking Alpha • Feb 12, 2026

High Income Securities Fund Declares Distributions For First Quarter of 2026

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.

GlobeNewsWire • Jan 2, 2026

PCF: Poor Performance Caused By Higher Interest Rates

High Income Securities Fund offers an 11.3% yield but faces declining NAV and inconsistent earnings, warranting a continued hold rating. PCF's diversified 'fund of funds' approach provides broad income exposure, yet its performance is highly sensitive to interest rate movements and debt market risks. Despite trading at an 11.2% discount to NAV, PCF's reliance on below-investment-grade debt and a challenging rate environment limits its growth prospects.

Seeking Alpha • Oct 27, 2025

High Income Securities Fund Announces Monthly Distributions For Fourth Quarter of 2025

NEW YORK, Oct. 02, 2025 (GLOBE NEWSWIRE) -- High Income Securities Fund (NYSE: PCF) (the “Fund”) has announced that the Fund's Board of Trustees (the “Board”) has declared the next three monthly distributions under the Fund's managed distribution plan.

GlobeNewsWire • Oct 2, 2025

High Income Securities Fund Announces Monthly Distributions For Third Quarter of 2025

NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) -- High Income Securities Fund (NYSE: PCF) (the “Fund”) has 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 2025, based on the net asset value of $7.11 of the Fund's common shares as of December 31, 2024.

GlobeNewsWire • Jul 8, 2025

PCF: Uninspiring Fund Of Funds Via The CEF Structure (Rating Downgrade)

PCF is a fund of funds CEF holding CEFs, BDCs, and SPACs, but lacks transparency in risk factors breakdowns. Performance lags peers like RIV and CEFS, with only a 44% five-year total return versus 60% and 100%, respectively. Its managed distribution policy is mostly covered, but high payouts and recent market euphoria increase downside risk.

Seeking Alpha • Jul 4, 2025

PCF: An Ineffective Fund Of Funds

PCF offers a high dividend yield of 11.8%, but recent performance and dividend cuts raise concerns about sustainability and NAV growth. The fund's strategy focuses on assets trading at a discount to NAV, which may include underperforming investments, particularly in BDCs and closed-end funds. The current high interest rate environment negatively impacts PCF's price and earnings, with limited prospects for improvement until rates decrease.

Seeking Alpha • Apr 22, 2025

High Income Securities Fund Announces Monthly Distributions For Second Quarter of 2025

NEW YORK--(BUSINESS WIRE)--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 2025, based on the net asset value of $7.11 of the Fund's common shares as of December 31, 2024.

Business Wire • Apr 4, 2025

NFL Player Care Foundation, Microsoft Leap, and Atrium Announce New Class of NFL Legends

NEW YORK--(BUSINESS WIRE)--Atrium partners again with NFL Player Care Foundation and Microsoft Leap for job readiness programs to prepare NFL Legends for careers in technology.

Business Wire • Jan 29, 2025

High Income Securities Fund Announces Monthly Distributions For First Quarter of 2025

NEW YORK--(BUSINESS WIRE)--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 2025, based on the net asset value of $7.11 of the Fund's common shares as of December 31, 2024.

Business Wire • Jan 7, 2025