High Income Securities Fund Makes Announcement
23 Juli 2018 - 7:09PM
Business Wire
High Income Securities Fund (NYSE: PCF) (the “Fund”), formally
known as Putnam High Income Securities Fund, today announced that
the Fund’s name change will take effect on July 24, 2018. The
Fund’s ticker symbol will remain “PCF”. As previously announced,
Putnam Investment Management, LLC will no longer serve as the
Fund’s investment adviser and the Fund will be internally managed
until further notice. Going forward, U.S. Bank, N.A. will be the
Fund’s custodian and U.S. Bancorp Fund Services, LLC will be the
Fund’s administrator and fund accountant. Approximately 99% of the
Fund’s portfolio currently consists of cash and cash equivalents in
anticipation of the previously announced self-tender offer and the
proposed deregistration of the Fund, which is anticipated to occur
in the last quarter of 2018 or the first quarter of 2019. In
addition, the Fund does not intend to pay any further regular
distributions.
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U.S. Bancorp Fund Services, LLCJohn Buckel, (414) 765-4255
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