GOLDSTEIN PHILLIP 4

What Happened

• Phillip Goldstein, a director and affiliate of the fund’s adviser, made open-market purchases of High Income Securities Fund (PCF) common shares. He bought 7,514 shares on 2026-02-02 at $6.05 each ($45,460) and 10,000 shares on 2026-02-03 at $6.05 each ($60,500), for a combined acquisition of 17,514 shares costing $105,960. These were purchases (code P), which are generally considered more informative than routine sales.

Key Details

• Transaction dates and prices:
  • 2026-02-02 — 7,514 shares @ $6.05 = $45,460
  • 2026-02-03 — 10,000 shares @ $6.05 = $60,500
• Total acquired: 17,514 shares for $105,960.
• Transaction type: Open-market/private purchase (code P) per the filing.
• Shares owned after the transactions: Not specified in the information provided from the Form 4.
• Filing timeliness: Form filed 2026-02-04; based on the transaction dates, the filing appears to have been submitted within the SEC’s two-business-day reporting window (no late filing indicated in the provided data).

Context

• These are straightforward purchases (no options exercised, gifts, or tax-withholding noted). Purchases by directors can signal confidence but do not prove future performance; this summary is factual and does not speculate on motive.