High Income Securities Fund Files 2024 Proxy Statement

TL;DR

HISF proxy filing out - shareholders vote on fund matters.

AI Summary

High Income Securities Fund filed its Definitive Proxy Statement (DEF 14A) on December 16, 2024. The filing pertains to the fiscal year ending August 31, 2024. The company, formerly known as Putnam High Income Securities Fund, is based in Boston, MA.

Why It Matters

This filing provides shareholders with crucial information regarding the company's governance, executive compensation, and voting matters, enabling informed participation in shareholder decisions.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing for a public company, providing information to shareholders.

Key Numbers

• 0831 — Fiscal Year End (Indicates the period covered by the financial information in the proxy statement.)

Key Players & Entities

• HIGH INCOME SECURITIES FUND (company) — Registrant
• Putnam High Income Securities Fund (company) — Former Company Name
• 0000894189-24-007286 (filing_id) — Accession Number
• 20241216 (date) — Filing Date

FAQ

Key Financial Figures

• $40,000 — ee receives an annual retainer equal to $40,000 for serving as a Trustee and attending
• $55,000 — Trustees Gerald Hellerman (3) 2018 $55,000 None None $55,000 Moritz Sell (2)
• $55,000 M — lerman (3) 2018 $55,000 None None $55,000 Moritz Sell (2) 2018 $54,000 None No
• $54,000 — None $55,000 Moritz Sell (2) 2018 $54,000 None None $54,000 Richard Dayan (3)
• $51,500 — one $54,000 Richard Dayan (3) 2018 $51,500 None None $51,500 Ben H. Harris (3)
• $51,500 B — Dayan (3) 2018 $51,500 None None $51,500 Ben H. Harris (3) 2018 $50,000 None
• $50,000 — one $51,500 Ben H. Harris (3) 2018 $50,000 None None $50,000 Interested Truste
• $220,000 — sted Trustees Andrew Dakos (4) 2018 $220,000 None None $220,000 Phillip Goldstei
• $115,000 — None $220,000 Rajeev Das (6) 2018 $115,000 None None $115,000 (1) The Fund Co
• $10,000 — an of the Strategic Planning Committee ($10,000 stipend). (3) Includes compensation
• $7,500 — ce on the Strategic Planning Committee ($7,500 stipend). (4) Includes compensation f

Filing Documents

• hisf_def14a.htm (DEF 14A) — 180KB
• image00001.jpg (GRAPHIC) — 136KB
• image00002.jpg (GRAPHIC) — 72KB
• image00004.jpg (GRAPHIC) — 68KB
• image00005.jpg (GRAPHIC) — 105KB
• image00006.jpg (GRAPHIC) — 80KB
• 0000894189-24-007286.txt ( ) — 816KB

From the Filing

DEF 14A 1 hisf_def14a.htm DEFINITIVE PROXY STATEMENT SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [X] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12 HIGH INCOME SECURITIES FUND (Name of Registrant as Specified in Its Charter) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: [ ] Fee paid previously with preliminary materials. [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by the registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: High Income Securities Fund (New York Stock Exchange Trading Symbol: PCF) NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD DECEMBER 27, 2024 Important Notice regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to Be Held on December 27, 2024: The Notice of Annual Meeting of Shareholders and Proxy Statement are available on the Internet at www.highincomesecuritiesfund.com. To the Shareholders: Notice is hereby given that the annual meeting (the "Meeting") of shareholders (herein referred to as "shareholders") of High Income Securities Fund, a Massachusetts business trust (the "Fund"), will be held on December 27, 2024 at 11:00 a.m., Eastern time, at the offices of Bulldog Investors, Park 80 West, 250 Pehle Avenue, Suite 708, Saddle Brook, NJ 07663, for the following purposes: (1) To elect seven Trustees to serve until the Fund's Annual Meeting of Shareholders in 2025 and until their successors have been duly elected and qualified (Proposal 1); (2) To convert the Fund to an open-end investment company (Proposal 2); and (3) To transact such other business as may properly come before the Meeting or any adjournment or postponement thereof. The Board of Trustees has fixed the close of business on December 13, 2024 as the record date for the determination of shareholders entitled to notice of, and to vote at, this Meeting or any adjournment or postponement thereof. The stock transfer books will not be closed. Copies of the Fund's most recent annual and semi-annual report may be ordered free of charge by any Shareholder by writing to the Fund c/o U.S. Bancorp Fund Services, LLC, 615 East Michigan Street, Milwaukee, Wisconsin 53202, or by telephone at 1-877-607-0414. The Fund's most recent annual report was mailed to shareholders on November 8, 2024. You are entitled to vote at the Meeting and any adjournment or postponement thereof if you owned shares of the Fund at the close of business on December 13, 2024. If you attend the Meeting, you may vote your shares in person. Whether or not you expect to attend the Meeting, please complete, date, sign and return the enclosed proxy card in the enclosed postage paid envelope so that a quorum will be present and a maximum number of shares may be voted. You may change your vote at any time by submitting a later-dated proxy or by voting at the Meeting. By order of the Board of Trustees, Phillip Goldstein Chairman of the Board December 17, 2024 WHETHER OR NOT YOU EXPECT TO BE PRESENT AT THE MEETING, PLEASE FILL IN, DATE, SIGN AND MAIL THE ENCLOSED PROXY CARD IN THE ENCLOSED REPLY ENVELOPE. YOUR PROMPT RESPONSE WILL ASSURE A QUORUM AT THE MEETING. Your vote is important no matter how many shares you own Please indicate your voting instructions on the enclosed proxy card, date and sign it, and return it in the postage paid envelope provided. If you sign, date and return the proxy card but give no voting instructions, your shares: (i) will be voted "FOR" the proposal to elect the persons named therein as Trustees (i.e., Proposal 1); (ii) will "ABSTAIN" from voting on the proposal to convert the Fund to an open-end investment company (i.e., Proposal 2) and (iii) will be voted in the proxies' discretion, on any other business that ma

View Full Filing

View this DEF 14A filing on SEC EDGAR