PCF

NYSEHigh Yield

High Income Securities Fund

Sponsor: Bulldog Investors · Inception Jul 9, 1987 · Pays monthly

Market priceShare price

$5.07

+0.40% (+$0.02)

NAVAsset value per share

$6.14

as of Oct 13, 2026 · Nasdaq NAV symbol

Premium / discountPrice vs. assets

17.43% discount *

Indicative: latest price vs latest reported NAV

Distribution rate (price)Payout rate

13.73%

regular, annualised · on NAV 11.34%

Expense ratioAnnual cost

Not reported

no tagged fee table

LeverageBorrowing

Not reported

senior securities not tagged

Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 5:46 PM EDTRegular-session prices; extended-hours quotes are not displayed.

Links go to SEC EDGAR or the sponsor. Document dates are the filing's report date (or filing date); an older prospectus is shown with its date and is not a current comprehensive source. Links are checked weekly; failures are flagged.

Sponsor & official fund page

The sponsor's site carries daily NAV, fact sheets, distribution notices (Section 19(a)), tax information and reinvestment-plan terms.

Document	Date	Filed	Form	Source	Status
Sponsor websitelatest	—	—	—	Sponsor	OK (Oct 4, 2026, 12:20 AM EDT)

Prospectus & registration statements

Form N-2 and supplements: investment policies, fee table, leverage terms, rights offerings, at-the-market programmes.

Document	Date	Filed	Form	Source	Status
Prospectus (Rule 424(b)(3)) — PROSPECTUSlatest · filing index	Jul 11, 2024	Jul 11, 2024	424B3	SEC EDGAR	OK (Oct 4, 2026, 12:20 AM EDT)
Registration statement amendment (Form N-2/A) — AMENDMENT TO FORM N-2 · filing index	Jul 2, 2024	Jul 2, 2024	N-2/A	SEC EDGAR	unchecked
Registration statement / prospectus (Form N-2) — INITIAL REGISTRATION OF CLOSED END INVESTMENT COMPANIES · filing index	Apr 16, 2024	Apr 16, 2024	N-2	SEC EDGAR	unchecked
Prospectus supplement (Rule 497) — DEFINITIVE MATERIALS · filing index	Sep 15, 2021	Sep 15, 2021	497	SEC EDGAR	unchecked
Registration statement amendment (Form N-2/A) — AMENDED INITIAL REGISTRATION FOR CLOSED-END INVESTMENT COMPANIES · filing index	Sep 8, 2021	Sep 8, 2021	N-2/A	SEC EDGAR	unchecked
Registration statement amendment (Form N-2/A) — AMENDED INITIAL REGISTRATION FOR CLOSED-END INVESTMENT COMPANIES · filing index	Aug 26, 2021	Aug 26, 2021	N-2/A	SEC EDGAR	unchecked
Registration statement / prospectus (Form N-2) — INITIAL REGISTRATION FOR CLOSED-END INVESTMENT COMPANIES · filing index	Jun 25, 2021	Jun 25, 2021	N-2	SEC EDGAR	unchecked
Prospectus supplement (Rule 497) — SUPPLEMENTARY MATERIALS · filing index	Dec 23, 2020	Dec 23, 2020	497	SEC EDGAR	unchecked

Annual reports (N-CSR)

Financial highlights, statements, notes on leverage and fees, distribution sources.

Document	Date	Filed	Form	Source	Status
Annual shareholder report (Form N-CSR) — CERTIFIED ANNUAL SHAREHOLDER REPORTlatest · filing index	Aug 31, 2025	Nov 6, 2025	N-CSR	SEC EDGAR	OK (Oct 4, 2026, 12:20 AM EDT)
Annual shareholder report (Form N-CSR) — HIGH INCOME SECURITIES FUND ANNUAL REPORT · filing index	Aug 31, 2024	Nov 7, 2024	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) — HIGH INCOME SECURITIES FUND ANNUAL REPORT 8-31-23 · filing index	Aug 31, 2023	Nov 8, 2023	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) — HIGH INCOME SECURITIES FUND ANNUAL REPORT 8-31-22 · filing index	Aug 31, 2022	Nov 1, 2022	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) — HIGH INCOME SECURITIES FUND ANNUAL REPORT 8-31-21 · filing index	Aug 31, 2021	Nov 8, 2021	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) — HIGH INCOME SECURITIES FUND ANNUAL REPORT 8-31-20 · filing index	Aug 31, 2020	Nov 6, 2020	N-CSR	SEC EDGAR	unchecked

Semi-annual reports (N-CSRS)

Document	Date	Filed	Form	Source	Status
Semi-annual shareholder report (Form N-CSRS) — CERTIFIED SEMI-ANNUAL SHAREHOLDER REPORTlatest · filing index	Feb 28, 2026	May 4, 2026	N-CSRS	SEC EDGAR	OK (Oct 4, 2026, 12:20 AM EDT)
Semi-annual shareholder report (Form N-CSRS) — CERTIFIED SEMI-ANNUAL SHAREHOLDER REPORT · filing index	Feb 28, 2025	May 7, 2025	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — CERTIFIED SEMI-ANNUAL SHAREHOLDER REPORT · filing index	Feb 29, 2024	May 1, 2024	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — CERTIFIED SEMI-ANNUAL SHAREHOLDER REPORT · filing index	May 5, 2023	May 5, 2023	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — HIGH INCOME SECURITIES FUND SEMIANNUAL REPORT 2-28-22 · filing index	Feb 28, 2022	May 3, 2022	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — HIGH INCOME SECURITIES FUND SEMIANNUAL REPORT 2-28-21 · filing index	Feb 28, 2021	May 10, 2021	N-CSRS	SEC EDGAR	unchecked

Portfolio holdings (N-PORT)

Monthly portfolio filed quarterly with a ~60-day lag.

Document	Date	Filed	Form	Source	Status
Monthly portfolio holdings (Form N-PORT)latest · filing index	May 31, 2026	Jul 30, 2026	NPORT-P	SEC EDGAR	OK (Oct 4, 2026, 12:20 AM EDT)
Monthly portfolio holdings (Form N-PORT) · filing index	Feb 28, 2026	Apr 29, 2026	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Nov 30, 2025	Jan 29, 2026	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Aug 31, 2025	Oct 17, 2025	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	May 31, 2025	Jul 29, 2025	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Feb 28, 2025	Apr 25, 2025	NPORT-P	SEC EDGAR	unchecked

Tender offers

Schedule TO filings: pricing formula, size, deadlines, proration.

Document	Date	Filed	Form	Source	Status
Issuer tender offer statement (SC TO-I) — ISSUER TENDER OFFER STATEMENTlatest · filing index	Nov 8, 2024	Nov 8, 2024	SC TO-I	SEC EDGAR	OK (Oct 4, 2026, 12:20 AM EDT)
Issuer tender offer amendment (SC TO-I/A) — AMENDED-ISSUER TENDER OFFER STATEMENT · filing index	Mar 19, 2019	Mar 19, 2019	SC TO-I/A	SEC EDGAR	unchecked
Issuer tender offer statement (SC TO-I) — ISSUER TENDER OFFER STATEMENT · filing index	Feb 8, 2019	Feb 8, 2019	SC TO-I	SEC EDGAR	unchecked
Issuer tender offer amendment (SC TO-I/A) — PUTNAM HIGH INCOME SECURITIES FUND · filing index	Jul 17, 2007	Jul 17, 2007	SC TO-I/A	SEC EDGAR	unchecked
Issuer tender offer amendment (SC TO-I/A) — PUTNAM HIGH INCOME SECURITIES FUND · filing index	Jul 11, 2007	Jul 11, 2007	SC TO-I/A	SEC EDGAR	unchecked
Issuer tender offer statement (SC TO-I) — PUTNAM HIGH INCOME SECURITIES FUND · filing index	Jun 4, 2007	Jun 4, 2007	SC TO-I	SEC EDGAR	unchecked
Issuer tender offer statement (SC TO-I) — PUTNAM HIGH INCOME SECURITIES FUND · filing index	Jun 4, 2007	Jun 4, 2007	SC TO-I	SEC EDGAR	unchecked
Issuer tender offer statement (SC TO-I) — PUTNAM HIGH INCOME SECURITIES FUND · filing index	May 24, 2007	May 24, 2007	SC TO-I	SEC EDGAR	unchecked
Tender offer communication (SC TO-C) — PUTNAM HIGH INCOME SECURITIES FUND · filing index	Feb 15, 2007	Feb 15, 2007	SC TO-C	SEC EDGAR	unchecked

Proxy statements & reorganisations

Shareholder votes: directors, mergers, liquidations, conversions.

Document	Date	Filed	Form	Source	Status
Proxy statement (DEF 14A) — DEFINITIVE PROXY STATEMENTlatest · filing index	Nov 3, 2025	Nov 3, 2025	DEF 14A	SEC EDGAR	OK (Oct 4, 2026, 12:20 AM EDT)
Proxy statement (DEF 14A) — DEFINITIVE PROXY STATEMENT · filing index	Dec 16, 2024	Dec 16, 2024	DEF 14A	SEC EDGAR	unchecked
Proxy statement (DEF 14A) — DEFINITIVE PROXY STATEMENT · filing index	Sep 12, 2024	Sep 13, 2024	DEF 14A	SEC EDGAR	unchecked
Proxy statement (DEF 14A) — DEFINITIVE PROXY STATEMENT · filing index	Nov 17, 2023	Nov 17, 2023	DEF 14A	SEC EDGAR	unchecked
Proxy statement (DEF 14A) — DEFINITIVE PROXY STATEMENT · filing index	Oct 28, 2022	Oct 28, 2022	DEF 14A	SEC EDGAR	unchecked
Proxy statement (DEF 14A) — DEFINITIVE PROXY STATEMENT · filing index	Nov 2, 2021	Nov 2, 2021	DEF 14A	SEC EDGAR	unchecked
Proxy statement (DEF 14A) — DEFINITIVE PROXY STATEMENT · filing index	Sep 21, 2020	Sep 21, 2020	DEF 14A	SEC EDGAR	unchecked
Proxy statement (DEF 14A) — DEFINITIVE PROXY STATEMENT · filing index	Jul 26, 2019	Jul 29, 2019	DEF 14A	SEC EDGAR	unchecked

Current reports (8-K)

Document	Date	Filed	Form	Source	Status
Current report (8-K) — CURRENT REPORTlatest · filing index	May 11, 2023	Jun 7, 2023	8-K	SEC EDGAR	OK (Oct 4, 2026, 12:20 AM EDT)

Annual census (N-CEN)

Document	Date	Filed	Form	Source	Status
Annual census report (Form N-CEN)latest · filing index	Aug 31, 2025	Nov 13, 2025	N-CEN	SEC EDGAR	OK (Oct 4, 2026, 12:20 AM EDT)
Annual census report (Form N-CEN) · filing index	Aug 31, 2024	Nov 13, 2024	N-CEN	SEC EDGAR	unchecked
Annual census report (Form N-CEN) · filing index	Aug 31, 2023	Nov 13, 2023	N-CEN	SEC EDGAR	unchecked

Other

Document	Date	Filed	Form	Source	Status
Proxy voting record (N-PX)latest · filing index	Jun 30, 2026	Aug 20, 2026	N-PX	SEC EDGAR	OK (Oct 4, 2026, 12:20 AM EDT)
Proxy voting record (N-PX) · filing index	Jun 30, 2025	Aug 28, 2025	N-PX	SEC EDGAR	unchecked
Proxy voting record (N-PX) · filing index	Jun 30, 2024	Sep 3, 2024	N-PX	SEC EDGAR	unchecked
Proxy voting record (N-PX) — ANNUAL REPORT OF PROXY VOTING · filing index	Jun 30, 2023	Aug 29, 2023	N-PX	SEC EDGAR	unchecked
All SEC filings for this fund (EDGAR)latest	—	—	—	SEC EDGAR	OK (Oct 4, 2026, 12:20 AM EDT)

Not on file for this fund: fact sheets, distribution notices, tax information, reinvestment plan. These are published on the sponsor's site rather than EDGAR; use the sponsor link above.

CEF Explorer research page for High Income Securities Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.