High Income Securities Fund Provides Update on Rights Offering
02 Août 2024 - 10:52PM
Business Wire
High Income Securities Fund (“the Fund”) (NYSE: PCF) announced
today that the Fund’s net asset value per share (NAV) will be
posted daily on its website at High Income Securities Fund – High
Income Securities Fund from August 5, 2024 until its rights
offering expires. As previously announced, the Fund issued one
non-transferable right for each share of the Fund held on July 8,
2024 to purchase one additional share of the Fund at the greater of
(1) 97% of the volume weighted average price of the Fund’s shares
for the three-day period ending on the expiration date, and (2) 85%
of the NAV on the expiration date of August 9, 2024 unless
extended. Rightsholders that fully exercise their rights will be
entitled to subscribe, subject to certain limitations, for
additional shares that are not subscribed for by other rights
holders.
This press release does not constitute an offer to sell or the
solicitation of an offer to subscribe for or buy or an invitation
to purchase or subscribe for any securities, nor shall there be any
sale, issuance or transfer of securities in contravention of
applicable law.
For more information, please call InvestorCom, the Fund’s
information agent, at (877) 972-0090.
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version on businesswire.com: https://www.businesswire.com/news/home/20240802772100/en/
Phil Goldstein (914) 747-5262
High Income Securities (NYSE:PCF)
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