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High Income Securities Fund is downgraded to a sell due to persistent NAV erosion and unsustainable distributions. PCF trades at a 12.63% discount to NAV, but this reflects ongoing earnings and dividend sustainability challenges. Net investment income remains insufficient to cover the 12.1% yield, with payouts exceeding earnings and accelerating capital erosion.

NEW YORK, April 13, 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.

Lumen's NaaS and PCF deals, fiber expansion and AI-driven network demand are fueling growth, with billions in deals and rising enterprise adoption.

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…

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…