Rajeev Das sells $2,892 in high income securities fund shares

Published 05/02/2025, 23:04
Rajeev Das sells $2,892 in high income securities fund shares

Rajeev Das, a director at High Income Securities Fund (NYSE:PCF), recently sold shares totaling $2,892. The transactions, which took place on February 4, involved the sale of common stock at $6.71 per share. The fund, currently valued at $125.36 million, has maintained a strong dividend track record spanning 19 years, with a current yield of 10.64%. According to InvestingPro, PCF typically exhibits low price volatility, making it an interesting option for income-focused investors.

The sales were executed in four separate transactions, involving 114 shares directly owned by Das, 236 shares owned by his spouse, 72 shares held in his spouse’s IRA, and 9 shares in his child’s IRA. Following these transactions, Das no longer holds any shares in the fund. It is noted that Das disclaims beneficial ownership of the securities owned by his spouse and child. The fund trades at a P/E ratio of 10.87, and InvestingPro analysis reveals several additional key metrics and insights available to subscribers.

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