PCF News and Press, High Income Securities Fund From 12/19/19

Our weekly commentary goes out each Sunday evening and discusses the relevant CEF news on the week along with general market action. This report was issued on December 8 th to members of Yield Hunting. Macro Picture Last week we saw trade hopes spur the equity markets to new record ...

High Income Securities Fund, Inc. (NYSE: PCF) (the “Fund”) previously announced that, as long as the Fund continues to be a registered investment company, it intends to make monthly distributions of at least 6% per annum. Beginning in January 2020, the Fund intends to make month...

By Tracy Chen, CFA, CAIA In part one , we provided an in-depth analysis of CLO tranches, including the factors driving their spreads. While each tranche has been influenced by varying forces, we noted the fundamentals for the overall market have deteriorated, particularly relative to high...

High Income Securities Fund (NYSE: PCF ) declares $0.0544/share year-end dividend . Payable Dec. 31; for shareholders of record Dec. 19; ex-div Dec. 18. See PCF Dividend Scorecard, Yield Chart, & Dividend Growth. More news on: High Income Securities Fund, Dividend News, ,

High Income Securities Fund (NYSE: PCF) (the “Fund”) today announced that the Fund’s Board of Directors (the “Board”) has declared a year-end cash dividend of $0.0544 per share on its common stock which is estimated to consist entirely of short-term capital ...

Author's note : This article was initially released to CEF/ETF Income Laboratory members on Nov. 7, 2019. Chemist's Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds [CEFs] for further due diligence...

Introduction The closed-end funds from the high-yield sector significantly increased their prices over the past 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 discoun...

In 2008, CDOs were the news of the day hitting a peak of $800 billion. Collateralized Debt Obligations are derivatives based on cash flow generating assets that are turned into investment products. These CDOs were mostly mortgage based in 2008 and went sour when housing prices and mortgage p...

Note: This article was released to members on October 19, 2019. Chemist's Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds [CEFs] for further due diligence and investigation. Previous editions of ...

An interesting dynamic has emerged in high yield ((HY)) markets following the overall rally in bond yields year to date. On the one hand, the presumed "margin of safety" that yield provides against future defaults has declined, thereby shifting the potential distribution of future returns more...