High Income Securities Fund Announcement Regarding its Non-Transferable Rights Offering
September 29 2021 - 10:10AM
Business Wire
High Income Securities Fund (the “Fund”) (NYSE: PCF) announced
today that it wishes to alert Rights Holders to a provision in the
Fund’s prospectus and Subscription Certificate for its
non-transferable rights offering to shareholders to purchase
additional shares of beneficial interest (“Shares”).
As provided in the Fund’s prospectus and Subscription
Certificate, in the event that the Estimated Subscription Price is
more than the Subscription Price on the Expiration Date, any
resulting excess amount paid by a Rights Holder towards the
purchase of Shares in the Offering will be applied by the Fund
towards the purchase of additional Shares under the Basic
Subscription or, if such Rights Holder has exercised all of the
Rights initially issued to such Rights Holder under the Basic
Subscription, towards the purchase of an additional number of
Shares pursuant to the Additional Subscription Privilege. Any
Rights Holder who desires that such excess not be treated by the
Fund as a request by the Rights Holder to acquire additional Shares
in the Offering and that such excess be refunded to the Rights
Holder must so indicate in the space provided on the Subscription
Certificate. Rights Holders whose rights are held by a broker,
custodian bank or other nominee should provide instructions to
their nominee regarding such excess amount.
For more information, please call InvestorCom, the Fund’s
information agent at (877) 972-0090.
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version on businesswire.com: https://www.businesswire.com/news/home/20210929005623/en/
U.S. Bank Global Fund Services – John Buckel (414) 765-4255
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