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Stock impact report

High Income Securities Fund Announces Non-Transferable Rights Offering

High Income Securities Fund (PCF) 
Company Research Source: GlobeNewswire
MILWAUKEE, April 16, 2024 (GLOBE NEWSWIRE) -- High Income Securities Fund (“the Fund”) (NYSE: PCF) announced today that its Board of Trustees has authorized the issuance of one non-transferable right for each share of the Fund held on a date to be announced to purchase one additional share of the Fund’s stock at a subscription price to be determined by the Board of Trustees. Rights holders that fully exercise their rights will also be entitled to subscribe, subject to certain limitations to be set forth in a prospectus (which shall be available on the website of the Securities and Exchange Commission at www.sec.gov) and subject to allotment, for additional shares of stock that are not subscribed for by other rights holders. If there are not enough unsubscribed shares available to honor all additional subscription requests, the Fund may, in its sole discretion, issue additional shares up to 10% of the shares initially available in the offering. Subject to shareholder approval, a spe Show less Read more
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