AP NEWS

High Income Securities Fund Announces Results of Special Meeting

January 23, 2019

NEW YORK--(BUSINESS WIRE)--Jan 23, 2019--High Income Securities Fund (NYSE: PCF) (the “Fund”), formerly known as Putnam High Income Securities Fund, today announced that the following two proposals presented at a special meeting of shareholders held on January 22, 2019 were approved:

To change the nature of the Fund’s business which is currently a registered investment company under the Investment Company Act of 1940 to a holding company and to cause the Fund to deregister as an investment company. To approve the reorganization of the Fund from a Massachusetts business trust into a newly established Delaware corporation.

As previously announced, the Fund expects to promptly commence a self-tender offer for at least 55% of its outstanding shares at a price of 99% of NAV. In addition, as disclosed in the Fund’s proxy statement for the special meeting, the Board of Trustees will consider the results of the special meeting and of the self-tender offer to determine whether to cause the Fund to de-register as an investment company.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190123005511/en/

John Buckel, U.S. Bancorp Fund Services, LLC (414) 765-4255

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: High Income Securities Fund

Copyright Business Wire 2019.

PUB: 01/23/2019 09:59 AM/DISC: 01/23/2019 09:59 AM

http://www.businesswire.com/news/home/20190123005511/en

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