UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-05133
High Income Securities Fund
(Exact name of registrant as specified in charter)
615 East Michigan Street
Milwaukee, WI 53202
(Address of principal executive offices) (Zip code)
High Income Securities Fund
c/o US Bancorp Fund Services, LLC
615 East Michigan Street
Milwaukee, WI 53202
(Name and address of agent for service)
Copy to:
Thomas R. Westle, Esq.
Blank Rome LLP
1271 Avenue of the Americas
New York, NY 10020
Registrant's telephone number, including area code: 1-888-898-4107
Date of fiscal year end: August 31, 2019
Date of reporting period: July 1, 2018– June 30, 2019
Item 1. Proxy Voting Record.
| Name of Fund: | High Income Securities Fund. (PCF) | | |
| Period: | 2019 | | |
| | | | |
| Company Name | Meeting Date | CUSIP | Ticker |
| FS KKR Capital | 6/14/2019 | 302635107 | FSK |
| Vote | Management Recommended Vote | Proposal | Propose by issuer or shareholder |
| Mirror Vote | For | 1. DIRECTOR | Issuer |
| | | Barbara Adams | |
| | | Frederick Arnold | |
| | | Michael C. Forman | |
| | | Jerel A. Hopkins | |
| Mirror Vote | For | 2. To approve the application of the reduced asset coverage requirements in Section 61(a)(2) of the Investment Company Act of 1940, as amended, to the Company, which would permit the Company to increase the maximum amount of leverage that it is permitted to incur by reducing the asset coverage requirement applicable to the Company from 200% to 150%. | Issuer |
| Mirror Vote | For | 3. To approve the proposal to allow the Company in future offerings to sell its shares below net asset value per share in order to provide flexibility for future sales. | Issuer |
| | | | |
| | | | |
| Name of Fund: | High Income Securities Fund. (PCF) | | |
| Period: | 2019 | | |
| | | | |
| Company Name | Meeting Date | CUSIP | Ticker |
Black Ridge Acquistion Corp. | 6/28/2019 | 09216T107 | BRAC |
| | Management Recommended Vote | Proposal | Propose by issuer or shareholder |
| For | For | 1. To consider and vote upon a proposal to approve and adopt the Agreement and Plan of Reorganization, dated as of December 19, 2018, and to approve the transactions contemplated thereby. | Issuer |
| For | For | 2a.To approve amendments to the amended and restated certificate of incorporation of BRAC, effective following the business combination, to: change the name of BRAC from "Black Ridge Acquisition Corp." to "Allied Esports Entertainment, Inc." | Issuer |
| For | For | 2b. To approve amendments to the amended and restated certificate of incorporation of BRAC, effective following the business combination, to: increase the number of authorized shares of BRAC Common Stock | Issuer |
| For | For | 2c. To approve amendments to the amended and restated certificate of incorporation of BRAC, effective following the business combination, to: remove provisions that will no longer be applicable to BRAC after the business combination. | Issuer |
| For | For | 3a. To Elect the following Class A Director to serve until 2020 annual meeting: Ken DeCubellis | Issuer |
| For | For | 3b. To Elect the following Class A Director to serve until 2020 annual meeting: Lyle Berman | Issuer |
| For | For | 3c. To Elect the following Class A Director to serve until 2020 annual meeting: Benjamin Oehler | Issuer |
| For | For | 3d. To Elect the following Class B Director to serve until 2021 annual meeting: Dr. Kan Hee Anthony Tyen | Issuer |
| For | For | 3e. To Elect the following Class B Director to serve until 2021 annual meeting: Ho min Kim | Issuer |
| For | For | 3f. To Elect the following Class B Director to serve until 2021 annual meeting: Bradley Berman | Issuer |
| For | For | 3g. To Elect the following Class B Director to serve until 2021 annual meeting: Joseph Lahti | Issuer |
| For | For | 3h. To Elect the following Class C Director to serve until 2022 annual meeting: Frank Ng | Issuer |
| For | For | 3l.To Elect the following Class C Director to serve until 2022 annual meeting: Eric Yang | Issuer |
| For | For | 3j.To Elect the following Class C Director to serve until 2022 annual meeting: Adam Pliska | Issuer |
| For | For | 3k.To Elect the following Class C Director to serve until 2022 annual meeting: Maya Rogers | Issuer |
| For | For | 4. To approve an equity incentive plan to be effective upon consummation of the business combination | Issuer |
| For | For | 5. To adjourn the annual meeting to a later date or dates if determined by the officer presiding over the meeting. | Issuer |
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) High Income Securities Fund
By (Signature and Title)* /s/ Andrew Dakos
Andrew Dakos, President
Date 7/29/2019
* Print the name and title of each signing officer under his or her signature.
