PCF News and Press, High Income Securities Fund From 04/17/19

Introduction The closed-end funds from the high-yield sector significantly increased their prices over the past four months. Currently, most of them are traded at positive Z-scores, which is an indication that they have lost most of their statistical edge. Still, they are traded at high di...

This article was first released to CEF/ETF Income Laboratory subscribers two weeks ago, so data may be out of date. Please check latest data before making investment decisions. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movement...

High Income Securities Fund (NYSE: PCF) (the “Fund”) today announced that the Board of Trustees has determined to implement a Transitional Investment Strategy. Prior to the Fund’s recently completed self-tender offer, shareholders approved a proposal authorizing the ...

Introduction The closed-end funds from the high-yield sector significantly increased their prices over the past three months. Currently, most of them are traded at positive Z-scores, which is an indication that they have lost most of their statistical edge. Still, they are traded at high d...

This article was first released to CEF/ETF Income Laboratory subscribers two weeks ago. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund ((CEF)) sectors in the last week, as well as to highlight recently c...

The relentless bids in the U.S. Treasury market continue, with the 10-year Treasury yield closing last week at 2.41%. Given the fierce rebound in the high-yield market – with key high yield ETFs trading at fresh 52-week highs – I would have expected “risk free” inve...

By Matthew Sheridan As economic cycles enter their later stages, investors sometimes find that they're taking too much risk to generate income. There's a strategy that can help - and we think now is the time to use it. Pairing high-yield corporate bonds and other credit assets with high-...

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 r...

High Income Securities Fund, Inc. (NYSE: PCF) (the “Fund”) today announced that it is extending its tender 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 of the ...

Posted by Michael Kelley, Head of Global High Yield Research, Samira Sattarzadeh, Senior Analyst on March 14, 2019, in Fixed Income Earlier this year, our investment grade colleagues discussed the potential implications of the growing BBB segment of the US investment grade market...