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High Income Securities Fund Announces Results of Special Meeting


High Income Securities Fund (PCF) (the “Fund”), formerly known as Putnam High Income Securities Fund, today announced that the following two proposals presented at a special meeting of shareholders held on January 22, 2019 were approved:

  1. To change the nature of the Fund’s business which is currently a registered investment company under the Investment Company Act of 1940 to a holding company and to cause the Fund to deregister as an investment company.
  2. To approve the reorganization of the Fund from a Massachusetts business trust into a newly established Delaware corporation.

As previously announced, the Fund expects to promptly commence a self-tender offer for at least 55% of its outstanding shares at a price of 99% of NAV. In addition, as disclosed in the Fund’s proxy statement for the special meeting, the Board of Trustees will consider the results of the special meeting and of the self-tender offer to determine whether to cause the Fund to de-register as an investment company.

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