Gerald Hellerman - Nov 2, 2021 Form 4 Insider Report for HIGH INCOME SECURITIES FUND (PCF)

Role: Director
Signature: /s/ Stephanie Darling, Power of Attorney for Gerald Hellerman
Stock symbol: PCF
Transactions as of: Nov 2, 2021
Transactions value $: $159,442
Form type: 4
Date filed: 11/3/2021, 05:01 PM
Previous filing: Sep 21, 2021
Next filing: Jan 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PCF	Common Stock	Options Exercise	$159K	+19.1K	+162.92%	$8.36	30.8K	Nov 2, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Non-transferable rights were issued to stockholders of record as of September 22, 2021 in connection with a rights offering by the Issuer at the rate of one right for each share of common stock owned. Each right entitled its holder to purchase one share of common stock and fully-subscribed holders were entitled to oversubscribe for additional shares if available. Purchases made pursuant to the rights offering are reflected in this filing.
F2	Amount includes 694 shares of common stock received by the Reporting Person pursuant to automatic distributions.

Content

Non-transferable rights were issued to stockholders of record as of September 22, 2021 in connection with a rights offering by the Issuer at the rate of one right for each share of common stock owned. Each right entitled its holder to purchase one share of common stock and fully-subscribed holders were entitled to oversubscribe for additional shares if available. Purchases made pursuant to the rights offering are reflected in this filing.

Amount includes 694 shares of common stock received by the Reporting Person pursuant to automatic distributions.