High Income Securities Fund (PCF)

6.62 +0.03 (+0.38%) At close: 03:59PM EDT

High Income Securities Fund

100 Federal Street
Boston, MA 02110
United States
617-292-1000
https://www.putnam.com/individual/mutual-funds/closed-end-funds/funds/40-high-income-securities

Sector(s): Financial Services
Industry: Asset Management
Full Time Employees: 

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Robert Lloyd Reynolds	President and Interested Trustee	N/A	N/A	1952
Mr. Andrew Dakos	President, CEO & Trustee	N/A	N/A	1966
Ms. Stephanie Lynne Darling	Chief Compliance Officer	N/A	N/A	1970
Mr. Thomas Antonucci	Treasurer	N/A	N/A	1971
Mr. Phillip Franklin Goldstein	Trustee & Secretary	N/A	N/A	1945
Mr. Robert L. Salvin	Portfolio Manager	N/A	N/A	N/A

Amounts are as of December 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in both convertible bonds and convertible preferred stocks. The fund benchmarks the performance of its portfolio against a composite index comprising of 50% JPMorgan Developed High Yield Index and 50% BofA Merrill Lynch AllConvertibles Speculative Quality Index. The fund was formerly known as Putnam High Income Securities Fund High Income Securities Fund was formed on July 9, 1987 and is domiciled in the United States.

Corporate Governance

High Income Securities Fund’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.