HIGH INCOME SECURITIES FUND (PCF) Proxy Summary

This Definitive Proxy Statement solicits votes for the Annual Meeting on December 15, 2025. The record date is October 20, 2025.

Key Proposals & Governance

• Proposal 1: Election of six Trustees (re-election of current nominees). The Board unanimously recommends a FOR vote.
• The Board currently has seven members but seeks to elect six nominees, leaving one vacancy (currently 3 Interested and 4 Independent Trustees remain/are up for election).
• The Chairman, Phillip Goldstein, is an Interested Trustee aff