Putnam High Income Securities Fund Elects Trustees
June 28, 2018 at 01:38 pm
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Putnam High Income Securities Fund announced that IVS Associates Inc., the independent inspector of election at the May 21, 2018 adjourned meeting of shareholders, has certified the voting results of the meeting. The shareholders voted to fix the number of trustees at seven and elect Phillip Goldstein, Rajeev Das, Andrew Dakos, Richard Dayan, Gerald Hellerman, Ben Harris and Moritz Sell who were nominated by Full Value Partners, L.P.
High Income Securities Fund (the Fund) is a diversified closed-end management investment company. The Fundâs investment objective is to seek to provide high current income as a primary objective and capital appreciation as a secondary objective. The Fund is focused on achieving objective is by primarily investing approximately 80% of its net assets in fixed income securities, including debt instruments, convertible securities, and preferred stocks. The Fund also invests in high-yielding non-convertible securities with the potential for capital appreciation. The primary focus of the investment strategy is to acquire discounted securities of income-oriented closed-end investment companies, business development companies, fixed income securities, including debt instruments, convertible securities, preferred stocks, and special purpose acquisition companies.