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Phillip Goldstein, a director at High Income Securities Fund (NYSE:PCF), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Goldstein sold a total of 26,280 shares over two days, February 24 and 25, 2025. The transactions occurred at prices ranging from $6.84 to $6.8516 per share, amounting to a total sale value of $179,929. The sale comes as PCF trades near its 52-week high of $7.00, with the stock currently offering a substantial 10.34% dividend yield. The $127.55 million market cap fund has maintained consistent dividend payments for 19 consecutive years, according to InvestingPro data.
Following these transactions, Goldstein’s direct ownership in the company stands at 147 shares. The sales were executed by Stephanie Darling, acting as Power of Attorney for Goldstein. InvestingPro analysis reveals several additional insights about PCF’s financial health and market performance. Subscribers can access 6 more exclusive ProTips and detailed valuation metrics.
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