High Income Securities Fund (PCF)

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.

Samsung Biologics' PCF system validated in line with globally established ISO and PAS standards Validation reflects continued efforts to establish credible carbon accounting in support of net-zero goals Validated system provides reliable, consistent carbon footprint data for clients INCHEON, South Korea, Feb. 6, 2026 /PRNewswire/ -- Samsung Biologics (KRX: 207940.KS), a leading contract development and manufacturing organization (CDMO), announced that its product carbon footprint (PCF) system has been validated by Det Norske Veritas (DNV), an independent third-party assurance provider, confirming alignment with globally recognized standards. The validation confirms that Samsung Biologics' PCF calculation methodology complies with global standards, including ISO 14067 and PAS 2050.

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.

High Income Securities Fund (NYSE: PCF - Get Free Report) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 22,741 shares, a decline of 43.4% from the November 30th total of 40,199 shares. Based on an average trading volume of 88,051

PIMCO High Income Fund (NYSE: PHK - Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 654,600 shares, a growth of 44.5% from the September 30th total of 452,900 shares. Approximately 0.4% of the shares of the company are short sold.

High Income Securities Fund (NYSE: PCF - Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 50,000 shares, a growth of 179.3% from the September 30th total of 17,900 shares. Currently, 0.3% of the shares of the company

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.

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.

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.

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.

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.

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.

BASFY provides transparency to its Ultrason customers by sharing PCF data, helping them assess the PCF of their own products.

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