|Bid||0.00 x 900|
|Ask||0.00 x 1300|
|Day's Range||9.37 - 9.60|
|52 Week Range||6.78 - 9.81|
|Beta (5Y Monthly)||0.92|
|PE Ratio (TTM)||156.72|
|Forward Dividend & Yield||0.94 (9.79%)|
|Ex-Dividend Date||May 18, 2021|
|1y Target Est||N/A|
As previously announced, High Income Securities Fund, Inc. (NYSE: PCF) (the "Fund") intends to make monthly distributions at an annual rate of at least 10% per annum (or 0.8333% per month). The distributions for 2021 are based on the net asset value of $9.34 of the Fund’s common shares as of the last business day of 2020.
High Income Securities Fund ("the Fund") (NYSE: PCF) announced today that its rights offering to purchase up to an aggregate of 5,565,006 additional shares of its common stock expired on January 29, 2021. The Fund received subscription requests for a total of 3,858,789 shares at a price equal to the greater of 95% of the volume weighted average market price per share for the three consecutive trading days ending on the trading day after the Expiration Date ($8.61) or 85% of the net asset value per share as calculated at the close of the trading day after the Expiration Date ($9.69). The actual subscription price as determined by that formula is $8.24 which is greater than the estimated subscription price of $7.91 per share set forth in the prospectus. The newly issued shares will be promptly distributed upon payment by subscribing rights holders of an additional $0.33 per share.
High Income Securities Fund ("the Fund") (NYSE: PCF) announced today that its Board of Trustees has elected to extend the Expiration Date of the Fund’s non-transferable rights offering to purchase up to an aggregate of 5,565,006 additional shares of its common stock from January 22, 2021 to 5 p.m., New York City time on January 29, 2021, unless further extended (the "Expiration Date"). The Board has received reports that some custodians established internal "cut-off" dates that were earlier than the Expiration Date which their clients did not know about. Consequently, the Board has determined to extend the Expiration Date to allow all rights holders additional time to exercise them. As of 5 p.m. on January 22, 2021, the Fund had received subscription requests for a total of 3,296,883 shares (inclusive of shares requested pursuant to the oversubscription privilege, as discussed below).