HIGH INCOME SECURITIES FUND (PCF) Director Phillip Goldstein Buys 819 Shares

What Happened
Phillip Goldstein, a director and an affiliate of the fund's adviser, purchased 819 shares of High Income Securities Fund (PCF) on 2026-08-06 at $5.30 per share for a total of $4,341. The Form 4 lists the trade as a purchase (transaction code P) recorded as an open-market or private purchase. As a purchase (vs. a sale), this is generally viewed as a more constructive signal, though the filing does not state Goldstein’s motivation.

Key Details

• Transaction date: 2026-08-06
• Price: $5.30 per share; Shares purchased: 819; Total value: $4,341
• Transaction type: Purchase (code P); listed as open-market or private purchase
• Filing date: 2026-08-10 (appears timely — filed within two business days of the transaction)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnotes/plans: No 10b5-1 plan, tax-withholding, or other special footnotes reported in the available excerpt

Context
This was a straightforward stock purchase by a company director/affiliate of the adviser, not an options exercise or gift. The dollar amount is modest; such purchases can be informative as one data point but don’t on their own explain insider intent. Retail investors should treat this filing as a factual update and consider it alongside broader fund performance and disclosures.