TMCnet - World's Largest Communications and Technology Community



The High Income Securities Fund Announces Results of Tender Offer
[March 19, 2019]

The High Income Securities Fund Announces Results of Tender Offer

The High Income Securities Fund (NYSE: PCF) (the "Fund") today announced that its offer to purchase up to 55% of its outstanding shares (or approximately 7,111,696 shares) for cash at 99% of the per share net asset value ("NAV") as determined at the close of the regular trading session of the New York Stock Exchange on March 18, 2019 expired at 5:00 p.m., Eastern Time on March 18, 2019. Based on information provided by Broadridge, Inc., the depository for the offer, a total of 7,365,350 shares or approximatly 56.96% of the Fund's outstanding shares were validly tendered. As the total number of shares tendered exceeds the number of shares the Fund offered to purchase and in accordance with the rules of the Securities and Exchange Commission allowing the Fund to purchase additional shares not to exceed 2% of the outstanding shares (approximately 258,607 shares) without amending or extending the offer, the Fund has elected to purchase all shares tendered at a price of $9.25 per share (99% of the NAV of $9.34).

For information, please contact: U.S. Bancorp Fund Services, LLC (1-888-898-4107).

[ Back To's Homepage ]

Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2019 Technology Marketing Corporation. All rights reserved | Privacy Policy