High Income Securities Fund Special Meeting on October 18, 2024

On September 16, 2024, the High Income Securities Fund announced a special meeting for shareholders scheduled for October 18, 2024, at 10:30 am. This meeting will take place at the office of Bulldog Investors, LLP in Saddle Brook, NJ. The agenda includes proposals for the Fund to enter into an investment advisory agreement with Bulldog Investors and to modify its investment strategies and fundamental policies. These changes aim to broaden the types of investments the Fund can pursue, enhancing its ability to capitalize on attractive investment opportunities. Shareholders of record as of August 23, 2024, will have the right to vote at this meeting. The Board of Trustees has indicated that if the proposals are approved, a tender offer will be authorized to purchase at least 90% of the shares issued in the recent rights offering. If the proposals are not adopted, the Fund will still aim to buy back 60% of those shares, with the purchase price set at a minimum of 98% of the net asset value (NAV). The Fund encourages shareholders who cannot attend the meeting to vote by proxy to ensure a quorum is reached, thereby minimizing additional solicitation costs. The full details regarding the proposals are outlined in the Definitive Proxy Statement filed with the SEC on September 13, 2024, which is accessible online. Shareholders are urged to review this document carefully as it contains critical information about the upcoming meeting and the proposals. This special meeting represents a significant opportunity for shareholders to influence the Fund's future direction and investment strategy. The proposed changes reflect a strategic shift aimed at enhancing the Fund's investment capabilities and overall performance in a competitive market environment.