PCF News and Press, High Income Securities Fund From 07/03/19

This article was first released to CEF/ETF Income Laboratory subscribers 1 month ago, so data may be out of date. Please check latest data before making investment decisions. Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end...

High Income Securities Fund (NYSE: PCF) (the “Fund”) today announced that it intends to comply with the proxy voting requirements set forth in Section 12(d)(1)(F) of the Investment Company Act of 1940 by “mirror voting” its proxies for closed-end funds unless the T...

The bond market is putting a lot of pressure on Fed Chairman Jerome Powell to start rate cuts in July and to signal such in the upcoming June 19th FOMC meeting. A meeting date two days prior to traders' often volatile June quadruple witch. To think that positions are not being taken for this "...

By Kathy A Jones Returns for fixed income investors have been very strong year-to-date in 2019. If you were invested, it's likely that you got a positive return. Every fixed income asset class, from the "risk-free" to the riskiest, has posted gains thanks to the steep drop in long-term int...

The two US dollar proxies followed regularly are the Invesco DB USD Bullish ETF (UUP) and the DXY. The UUP is a tradeable ETF, but it generates a K-1, therefore I stopped buying it for clients. Both the DXY and the UUP have identical currency weightings: Euro: 58% Yen: 14% ...

General market sentiment has become downright dour in the last month, but you wouldn't know it by looking at movements in CEF discounts. Typically, when we see market volatility and especially when we see high-yield spreads in the bond market widen, the double-edged sword that is closed-end fu...

We were waiting for new tariffs on China and instead got new tariffs on Mexico, a country that has agreed to a new trade deal to replace the old NAFTA. Clearly, using tariffs to resolve immigration issues is an innovative tool, but does it really solve anything? Many of the immigrants Presid...

One of the lessons of the past few decades' boom/bust cycles is that each financial bubble emerges in a different asset class. In the 1970s it was precious metals, in the 1980s junk bonds, in the 1990s tech stocks and in the 2000s mortgage-backed bonds. Today, the only one of these with a re...

This article was first released to CEF/ETF Income Laboratory subscribers 2 weeks ago, so data may be out of date. Please check latest data before making investment decisions. Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end ...

I recently discussed one of the biggest potential "flash points" for the financial markets today - corporate debt. What I find most fascinating is how quickly many dismiss the issue of corporate debt with the simple assumption of "it's not the subprime mortgage market." Correct, it's...