The Board of Directors (the “Board”) of Montgomery Street Income Securities, Inc. (NYSE:MTS) (the “Fund”) declared today a first and final liquidating distribution of $17.741 per share (the “Distribution”). The Distribution is pursuant to a Plan of Dissolution and Liquidation (the “Plan”) approved by the Board and by the Fund’s stockholders at a special meeting held on November 16, 2015 (the “Special Meeting”).

The books of the Fund will be permanently closed, and the stockholders entitled to the Distribution will be determined, as of the close of business on December 23, 2015. Trading of the Fund’s shares is expected to be suspended on the NYSE upon the opening of trading on December 24, 2015.

The effective date of the Distribution (the “Effective Date”) will be December 30, 2015, when the Fund transfers funds for the Distribution to the Fund’s transfer agent, Computershare Shareholder Services ("Computershare"). Upon such transfer, all outstanding shares of the Fund shall be deemed cancelled. The Distribution is payable to each stockholder upon presentation of such stockholder’s stock certificate(s) to Computershare. Computershare will provide stockholders with instructions and a letter of transmittal or exchange form for this purpose shortly after the Effective Date. Stockholders may contact Computershare with any questions at 877-437-3938.

For tax reporting purposes, it is expected that an IRS Form 1099-B, Proceeds from Broker and Barter Exchange Transactions, will be mailed to stockholders in January or February 2016. As indicated in the Proxy Statement for the Special Meeting, the Distribution generally will be treated as a long-term or short-term capital gain or loss for tax purposes depending on the basis and holding period of the shares held.

The Fund is a closed-end diversified management investment company whose primary investment objective is to seek as high a level of current income as is consistent with prudent investment risks, from a diversified portfolio primarily of debt securities. The Fund’s shares are traded on the New York Stock Exchange under the symbol MTS.

Closed-end funds, unlike open-end funds, are not continuously offered. There is generally a one-time public offering and, once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value.

The price of the Fund’s shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below or above net asset value.

Investments in funds involve risk. Yields and market values will fluctuate. Investing in foreign markets presents certain unique risks not associated with domestic investments, such as currency fluctuations, political and economic changes and market risks. Additionally, the Fund invests in lower-quality and non-rated securities, which present greater risks of loss of principal and interest than higher-quality securities. All of these factors may result in greater share price volatility.

This announcement is not an offer to purchase or the solicitation of an offer to sell shares of the Fund, a prospectus, a circular or representation intended for use in the purchase or sale of Fund shares, or a proxy solicitation.

NOT FDIC/NCUA INSURED MAY LOSE VALUE NO BANK GUARANTEENOT A DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

For stockholder inquiries:Computershare Shareowner Services, 877-437-3938orFor media inquiries:Atlantic Fund Administration, 855-422-4512

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