Phillip Goldstein, described on regulatory filings as an Affiliate of the Adviser at High Income Securities Fund (PCF), recently expanded his direct position in the closed-end fund by acquiring a total of 5,688 shares in two separate transactions, according to a Form 4 filed with the Securities and Exchange Commission.
The filing details the first purchase on April 7, 2026, when Goldstein bought 5,088 shares of Common Stock at a weighted average price of $5.449 per share. After that purchase, the filing records Goldstein as directly owning 46,441 shares of PCF.
The second transaction took place on April 8, 2026, when Goldstein purchased an additional 600 shares at $5.53 per share. That acquisition raised his reported direct ownership to 47,041 shares. Together, the two trades amounted to 5,688 shares purchased at prices ranging from $5.449 to $5.53, with a combined reported value of $31,042.
The Form 4 provides transaction-level details but does not elaborate on the rationale behind the purchases or on any further plans for additional buying or selling.
Notably, the filing summary includes an InvestingPro Tip indicating that PCF has paid dividends for 20 consecutive years and currently offers a substantial dividend to shareholders. The note on the fund's dividend history and payout level is presented as an informational item in the filing context.
Contextual notes
- The reported purchases are documented in a formal SEC filing (Form 4) that records insider and affiliate transactions.
- All transaction dates, share counts, prices, and resulting ownership figures are those disclosed in the filing.
What the filing does not include
- The filing does not state Goldstein's motivation for the purchases.
- There is no indication in the filing of additional transactions beyond the two recorded on April 7 and April 8, 2026.