{"success":true,"data":{"pressRelease":{"id":"154579","rtpr_id":"nGNX9jLbYL-20260928","ticker":"PCF","exchange":"NYSE","all_tickers":["PCF"],"title":"High Income Securities Fund Announces Monthly Distributions For Fourth Quarter of 2026","author":"Globe Newswire","published_at":"2026-09-28T20:25:01.096Z","article_body":"NEW YORK, Sept. 28, 2026 (GLOBE NEWSWIRE) -- High Income Securities Fund\n(NYSE: PCF) (the “Fund”) today announced that the Fund’s Board of\nTrustees (the “Board”) has declared the next three monthly distributions\nunder the Fund’s managed distribution plan.\n\nUnder the Fund’s managed distribution plan, the Fund intends to make monthly\ndistributions to common stockholders at an annual rate of 10% (or 0.8333% per\nmonth) for 2026, based on the net asset value of $6.96 of the Fund’s common\nshares as of December 31, 2025.\n\nThe next three distributions declared under the managed distribution plan are\nas follows:\n\n Month     Rate     Record Date        Payable Date       \n October   $0.0580  October 20, 2026   October 30, 2026   \n November  $0.0580  November 17, 2026  November 30, 2026  \n December  $0.0580  December 22, 2026  December 31, 2026  \n                                                          \n\nUnder the managed distribution plan, to the extent that sufficient investment\nincome is not available on a monthly basis, the Fund will distribute long-term\ncapital gains and/or return of capital. To the extent that the Fund’s net\ninvestment income and net realized capital gains exceed the aggregate amount\ndistributed pursuant to the managed distribution plan, the Fund may make an\nadditional year-end distribution. No conclusions should be drawn about the\nFund’s investment performance from the amount of the distributions. The\nBoard may amend the terms of the managed distribution plan or terminate the\nplan at any time.\n\nThe Fund will issue a notice to stockholders that will provide an estimate of\nthe composition of each distribution. For tax reporting purposes the actual\ncomposition of the total amount of distributions for each year will continue\nto be provided on a Form 1099-DIV issued after the end of the year.\n\nContact: Ultimus Fund Solutions, BulldogFA@ultimusfundsolutions.com\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX9jLbYL-20260928","title":"High Income Securities Fund Announces Monthly Distributions For Fourth Quarter of 2026","author":"Globe Newswire","ticker":"PCF","created":"2026-09-28T20:25:01.096Z","tickers":["PCF"],"exchange":"NYSE","article_body":"NEW YORK, Sept. 28, 2026 (GLOBE NEWSWIRE) -- High Income Securities Fund\n(NYSE: PCF) (the “Fund”) today announced that the Fund’s Board of\nTrustees (the “Board”) has declared the next three monthly distributions\nunder the Fund’s managed distribution plan.\n\nUnder the Fund’s managed distribution plan, the Fund intends to make monthly\ndistributions to common stockholders at an annual rate of 10% (or 0.8333% per\nmonth) for 2026, based on the net asset value of $6.96 of the Fund’s common\nshares as of December 31, 2025.\n\nThe next three distributions declared under the managed distribution plan are\nas follows:\n\n Month     Rate     Record Date        Payable Date       \n October   $0.0580  October 20, 2026   October 30, 2026   \n November  $0.0580  November 17, 2026  November 30, 2026  \n December  $0.0580  December 22, 2026  December 31, 2026  \n                                                          \n\nUnder the managed distribution plan, to the extent that sufficient investment\nincome is not available on a monthly basis, the Fund will distribute long-term\ncapital gains and/or return of capital. To the extent that the Fund’s net\ninvestment income and net realized capital gains exceed the aggregate amount\ndistributed pursuant to the managed distribution plan, the Fund may make an\nadditional year-end distribution. No conclusions should be drawn about the\nFund’s investment performance from the amount of the distributions. The\nBoard may amend the terms of the managed distribution plan or terminate the\nplan at any time.\n\nThe Fund will issue a notice to stockholders that will provide an estimate of\nthe composition of each distribution. For tax reporting purposes the actual\ncomposition of the total amount of distributions for each year will continue\nto be provided on a Form 1099-DIV issued after the end of the year.\n\nContact: Ultimus Fund Solutions, BulldogFA@ultimusfundsolutions.com\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-28T20:25:01.130380734Z","server_sent_at_ms":1790627101130},"received_at":"2026-09-28T20:25:01.310Z","source_url":null},"analysis":{"id":"143339","press_release_id":"154579","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":["distributions may consist of return of capital, which erodes NAV rather than reflecting earned income"],"eventType":"dividend","narrative":"High Income Securities Fund declared its next three monthly distributions of $0.0580 per share, payable October 30, November 30, and December 31, 2026.\n\nThe payments follow the fund's managed distribution plan at a 10% annual rate, calculated off a $6.96 net asset value as of December 31, 2025.\n\nDistributions may include return of capital or capital gains if investment income is insufficient, and the Board can amend or terminate the plan at any time; no performance conclusions should be drawn from the payout.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine managed-distribution schedule confirmation for a closed-end fund -- low signal."},"keyFigures":{"customDimensions":{"nav":6.96,"distribution_rate_annual":"10%","distribution_rate_monthly":"0.8333%","monthly_distribution_per_share":"$0.0580"}},"quotedText":"","namedEntities":{"people":[],"products":[],"companies":[{"name":"High Income Securities Fund","ticker":"PCF","relationship":"filer"},{"name":"Ultimus Fund Solutions","relationship":"fund administrator/contact"}],"dollarAmounts":[{"amount":"$0.0580","context":"monthly distribution per share for October, November, and December 2026"},{"amount":"$6.96","context":"net asset value per common share as of December 31, 2025, basis for the 10% annual distribution rate"}]},"materialImpact":{"score":1,"reasoning":"Routine declaration of three monthly distributions under an existing managed distribution plan at a previously established 10% annual rate. No change to policy, amount, or plan terms; boilerplate for a closed-end fund."},"tickerRelevance":{"others":[],"primary":"PCF"},"globalImportance":8,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap closed-end fund","eventGravity":"routine dividend declaration","issuerAuthored":true,"incomeInvestorNiche":true}},"event_type":"dividend","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"High Income Securities Fund declared its next three monthly distributions of $0.0580 per share, payable October 30, November 30, and December 31, 2026.\n\nThe payments follow the fund's managed distribution plan at a 10% annual rate, calculated off a $6.96 net asset value as of December 31, 2025.\n\nDistributions may include return of capital or capital gains if investment income is insufficient, and the Board can amend or terminate the plan at any time; no performance conclusions should be drawn from the payout.","key_figures":{"customDimensions":{"nav":6.96,"distribution_rate_annual":"10%","distribution_rate_monthly":"0.8333%","monthly_distribution_per_share":"$0.0580"}},"named_entities":{"people":[],"products":[],"companies":[{"name":"High Income Securities Fund","ticker":"PCF","relationship":"filer"},{"name":"Ultimus Fund Solutions","relationship":"fund administrator/contact"}],"dollarAmounts":[{"amount":"$0.0580","context":"monthly distribution per share for October, November, and December 2026"},{"amount":"$6.96","context":"net asset value per common share as of December 31, 2025, basis for the 10% annual distribution rate"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-28T20:25:05.944Z","global_importance":8,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap closed-end fund","eventGravity":"routine dividend declaration","issuerAuthored":true,"incomeInvestorNiche":true}},"durationMs":4475,"modelName":"glm-5.3-flashx"}}