# EDGAR Filing Document

**Accession Number:** 0000810943
**File Stem:** 0000894189-25-011400
**Filing Date:** 2025-10
**Character Count:** 44178
**Document Hash:** 19599a1d0cf653b261661d5818e168de
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-011400.hdr.sgml**: 20251017

**ACCESSION NUMBER**: 0000894189-25-011400

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251017

**DATE AS OF CHANGE**: 20251017

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HIGH INCOME SECURITIES FUND
- **CENTRAL INDEX KEY:** 0000810943

**ORGANIZATION NAME:**
- **EIN:** 046562068
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05133
- **FILM NUMBER:** 251398908

**BUSINESS ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQ
- **STREET 2:** MAILSTOP A 14
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 414-765-6318

**MAIL ADDRESS:**
- **STREET 1:** US BANCORP FUND SERVICES LLC
- **STREET 2:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM HIGH INCOME SECURITIES FUND
- **DATE OF NAME CHANGE:** 20050930

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM HIGH INCOME BOND FUND
- **DATE OF NAME CHANGE:** 20030408

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM HIGH BOND FUND
- **DATE OF NAME CHANGE:** 20021107

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** High Income Securities Fund

- **b. Investment Company Act file number:** 811-05133

- **c. CIK number of Registrant:** 0000810943

- **d. LEI of Registrant:** 25RM533JWPQG19PQ1G87

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 4147654255

**Item A.2. Information about the Series.**

- **a. Name of Series:** High Income Securities Fund

- **c. LEI of Series:** 25RM533JWPQG19PQ1G87

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $132956891.43

**Total Liabilities:** $209237.01

**Net Assets:** $132747654.42

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.42%                | 0.93%                | 3.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1137258.89              | $797722.89                                 |
| Month 2  | $-1767025.40             | $1710895.34                                |
| Month 3  | $100030.84               | $1981861.53                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BNY Mellon Strategic Municipal | BNY Mellon Strategic Municipals Inc                    | CUSIP: 05588W108<br>LEI: 549300FH0LKMOBY7N332 | Long             | EC               | RF                | US        |    287741 | NS      | $1712058.95   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Barings BDC Inc                | Barings BDC Inc                                        | CUSIP: 06759L103<br>LEI: 549300GSF4KFZP6ONG49 | Long             | EC               | CORP              | US        |     36717 | NS      | $363498.30    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Capital BDC Inc       | Crescent Capital BDC Inc                               | CUSIP: 225655109<br>LEI: 549300VPIZMU6OEE0V68 | Long             | EC               | CORP              | US        |    182238 | NS      | $2862958.98   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance New York Municipal | Eaton Vance New York Municipal Bond Fund               | CUSIP: 27827Y109<br>LEI: 5493003LD9U89XVQ7W91 | Long             | EC               | RF                | US        |    208245 | NS      | $1967915.25   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Highland Opportunities and Inc | Highland Opportunities and Income Fund                 | CUSIP: 43010E404<br>LEI: 254900CMUE9FRYL2UR80 | Long             | EC               | RF                | US        |      5386 | NS      | $33123.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGHLAND OPP & INC FUND        | Highland Opportunities and Income Fund                 | CUSIP: 43010E602<br>LEI: 254900CMUE9FRYL2UR80 | Long             | EP               | CORP              | US        |     47724 | NS      | $797468.04    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Investcorp Credit Management B | Investcorp Credit Management BDC Inc                   | CUSIP: 46090R104<br>LEI: 549300ZRNRCSKPLGYQ55 | Long             | EC               | CORP              | US        |    314590 | NS      | $928040.50    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS High Yield Municipal Trust | MFS High Yield Municipal Trust                         | CUSIP: 59318E102<br>LEI: A8WLLLHJKX1MW5QPZU93 | Long             | EC               | RF                | US        |    764756 | NS      | $2523694.80   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Berman Next Generati | Neuberger Berman Next Generation Connectivity Fund Inc | CUSIP: 64133Q108<br>LEI: 549300GRTFKXVB9LQE61 | Long             | EC               | RF                | US        |    418355 | NS      | $6200021.10   | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| OFS CREDIT COMPANY             | OFS Credit Co Inc                                      | CUSIP: 67111Q404<br>LEI: 549300A7A6U0QNX5FB55 | Long             | EP               | CORP              | US        |     60000 | NS      | $1456200.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Asia Pacific High Dividen | Voya Asia Pacific High Dividend Equity Income Fund     | CUSIP: 92912J102<br>LEI: 549300GNK7F1VWTNPE94 | Long             | EC               | RF                | US        |    101902 | NS      | $738789.50    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE WATER ACQUISITION C-A     | Blue Water Acquisition Corp III                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     54592 | NS      | $7642.81      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal Redwood Acquisition Corp   | Cal Redwood Acquisition Corp                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $1001000.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Centurion Acquisition Corp     | Centurion Acquisition Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    156250 | NS      | $1643750.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CSLM Digital Asset Acquisition | CSLM Digital Asset Acquisition Corp III Ltd            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $1006000.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| EQV Ventures Acquisition Corp  | EQV Ventures Acquisition Corp                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    250000 | NS      | $2600000.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| EQV Ventures Acquisition Corp  | EQV Ventures Acquisition Corp II                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     77148 | NS      | $773794.44    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| GigCapital7 Corp               | GigCapital7 Corp                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    166013 | NS      | $1716574.42   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Jena Acquisition Corp II       | Jena Acquisition Corp II                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     71213 | NS      | $721387.69    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Legato Merger Corp III         | Legato Merger Corp III                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     40196 | NS      | $431303.08    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionheart Holdings             | Lionheart Holdings                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     73338 | NS      | $770049.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| M3-BRIGADE ACQUISITION V-A     | M3-Brigade Acquisition V Corp                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     91700 | NS      | $119209.35    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Oyster Enterprises II Acquisit | Oyster Enterprises II Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    200000 | NS      | $33000.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Perceptive Capital Solutions C | Perceptive Capital Solutions Corp                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     50000 | NS      | $528960.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CION Investment Corp           | CION Investment Corp                                   | CUSIP: 17259U204<br>LEI: 549300XN70JLF94XKX80 | Long             | EC               | CORP              | US        |    626379 | NS      | $6764893.20   | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Smaller Capitalization F | Japan Smaller Capitalization Fund Inc                  | CUSIP: 47109U104<br>LEI: 5493000KJSHWEB3YKZ37 | Long             | EC               | RF                | US        |     74101 | NS      | $793621.71    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Capital Corp X       | Churchill Capital Corp X                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    122024 | NS      | $1248305.52   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Harbor Acquisition Corp  | Crane Harbor Acquisition Corp                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    150000 | NS      | $1505250.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sizzle Acquisition Corp II     | Sizzle Acquisition Corp II                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     50600 | NS      | $8602.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SIM ACQUISITION CORP I-A       | SIM Acquisition Corp I                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     75000 | NS      | $16500.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Eureka Acquisition Corp        | Eureka Acquisition Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     50000 | NS      | $11005.05     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Era Acquisition Corp I   | Fifth Era Acquisition Corp I                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |      2200 | NS      | $22286.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FIGX Capital Acquisition Corp  | FIGX Capital Acquisition Corp                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100090 | NS      | $1008406.75   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| HCM III Acquisition Corp       | HCM III Acquisition Corp                               | CUSIP: N/A<br>LEI: 529900X6CMNA2LN6C461       | Long             | EC               | CORP              | US        |      5000 | NS      | $50650.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| M3-Brigade Acquisition V Corp  | M3-Brigade Acquisition V Corp                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    127657 | NS      | $1348057.92   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Technology Finance Co | Blue Owl Technology Finance Corp                       | CUSIP: 095924106<br>LEI: 254900G5EZJSOD3UKL16 | Long             | EC               | CORP              | US        |    129689 | NS      | $1932366.10   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BNY Mellon Strategic Municipal | BNY Mellon Strategic Municipal Bond Fund Inc           | CUSIP: 09662E109<br>LEI: 54930044KK4C1VDJ7M52 | Long             | EC               | RF                | US        |    984121 | NS      | $5589807.28   | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BNY Mellon Municipal Bond Infr | BNY Mellon Municipal Bond Infrastructure Fund Inc      | CUSIP: 09662W109<br>LEI: 5493003OUY2BKGFZ2414 | Long             | EC               | RF                | US        |    102179 | NS      | $1023833.58   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Gabelli Dividend & Income Trus | Gabelli Dividend & Income Trust/The                    | CUSIP: 36242H104<br>LEI: 549300082N1MHBT8NI60 | Long             | EC               | RF                | US        |    151344 | NS      | $4077207.36   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| IB Acquisition Corp            | IB Acquisition Corp                                    | CUSIP: 44934N116<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    129140 | NS      | $7748.40      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Lane Capital Corp       | Oxford Lane Capital Corp                               | CUSIP: 691543102<br>LEI: 549300G3KO4JNQQD7Z72 | Long             | EC               | RF                | US        |    761805 | NS      | $2856768.75   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PhenixFIN Corp                 | PhenixFIN Corp                                         | CUSIP: 71742W103<br>LEI: 549300JJH1QEB0RKNO53 | Long             | EC               | CORP              | US        |     19218 | NS      | $933610.44    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Real Estate Income F | Principal Real Estate Income Fund                      | CUSIP: 74255X104<br>LEI: 549300HK3LIJEGLGMK36 | Long             | EC               | RF                | US        |    147475 | NS      | $1549962.25   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| RELATIVITY ACQUISITION COR-A   | Relativity Acquisition Corp                            | CUSIP: 75944B114<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     21700 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Invesco Treasury Portfolio     | Invesco Treasury Portfolio                             | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |   5277745 | NS      | $5277745.30   | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Total Return Fund Inc   | Virtus Total Return Fund Inc                           | CUSIP: 92835W107<br>LEI: 549300KKRHI4GF7RNQ81 | Long             | EC               | RF                | US        |    121825 | NS      | $777243.50    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal Redwood Acquisition Corp   | Cal Redwood Acquisition Corp                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $22810.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNAMIX CORP                   | Dynamix Corp                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     16641 | NS      | $33614.82     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EQV VENTURES ACQUISITION C-A   | EQV Ventures Acquisition Corp                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     83333 | NS      | $37916.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Acquisition Corp II       | Ares Acquisition Corp II                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    171046 | NS      | $1951634.86   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Highview Merger Corp           | Highview Merger Corp                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $1005000.00   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Indigo Acquisition Corp        | Indigo Acquisition Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    143399 | NS      | $19358.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Lightwave Acquisition Corp     | Lightwave Acquisition Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $1004000.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| M3-Brigade Acquisition VI Corp | M3-Brigade Acquisition VI Corp                         | CUSIP: N/A<br>LEI: 529900K3KULJYPOBI946       | Long             | EC               | CORP              | US        |     50000 | NS      | $500500.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Roman DBDR Acquisition Corp II | Roman DBDR Acquisition Corp II                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    125000 | NS      | $1284375.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Silver Pegasus Acquisition Cor | Silver Pegasus Acquisition Corp                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $1012000.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Soulpower Acquisition Corp     | Soulpower Acquisition Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     86023 | NS      | $863670.92    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| SIM Acquisition Corp I         | SIM Acquisition Corp I                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    150000 | NS      | $1563000.00   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| AllianceBernstein National Mun | AllianceBernstein National Municipal Income Fund Inc   | CUSIP: 01864U106<br>LEI: MNYPOOOZYY8V01GEIT28 | Long             | EC               | RF                | US        |    449933 | NS      | $4670304.54   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS Municipal Income Trust     | DWS Municipal Income Trust                             | CUSIP: 233368109<br>LEI: TEL2CK71Z3LE1OCHIB43 | Long             | EC               | RF                | US        |    263366 | NS      | $2330789.10   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Kinetics Spac Active E | Horizon Kinetics Spac Active ETF                       | CUSIP: 53656G555<br>LEI: 549300AI8RU2XFLJZ173 | Long             | EC               | RF                | US        |      4700 | NS      | $489035.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| OFS Capital Corp               | OFS Capital Corp                                       | CUSIP: 67103B100<br>LEI: 549300XTK3HSWPDBJD13 | Long             | EC               | CORP              | US        |     41250 | NS      | $350212.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Emerging Markets High Div | Voya Emerging Markets High Dividend Equity Fund        | CUSIP: 92912P108<br>LEI: 549300MBU0OQHUKI2Y86 | Long             | EC               | RF                | US        |    274107 | NS      | $1636418.79   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMADA ACQUISITION -CLASS A    | Armada Acquisition Corp II                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     50000 | NS      | $30000.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AA MISSION ACQUISITION COR-A   | AA Mission Acquisition Corp                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     50000 | NS      | $8450.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Water Acquisition Corp II | Blue Water Acquisition Corp III                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     50000 | NS      | $497000.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionsGate Acquisition Corp | ChampionsGate Acquisition Corp                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $1002000.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ANDRETTI ACQUISITION CORP -A   | Andretti Acquisition Corp II                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     25000 | NS      | $3750.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dune Acquisition Corp II       | Dune Acquisition Corp II                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    200000 | NS      | $2014000.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGATO MERGER CORP III         | Legato Merger Corp III                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     20098 | NS      | $6230.38      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| McKinley Acquisition Corp      | McKinley Acquisition Corp                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $998000.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Sizzle Acquisition Corp II     | Sizzle Acquisition Corp II                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     50600 | NS      | $509795.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYAGER ACQUISITION CORP       | Voyager Acquisition Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    145142 | NS      | $30624.96     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SILVERBOX CORP IV-A            | Silverbox Corp IV                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     36683 | NS      | $15271.13     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Soulpower Acquisition Corp     | Soulpower Acquisition Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     86023 | NS      | $12912.05     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Vendome Acquisition Corp I     | Vendome Acquisition Corp I                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $998000.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancroft Fund Ltd              | Bancroft Fund Ltd                                      | CUSIP: 059695106<br>LEI: 5493000X4Y1FB4G26P45 | Long             | EC               | RF                | US        |     13819 | NS      | $290889.95    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Runway Growth Finance Corp     | Runway Growth Finance Corp                             | CUSIP: 78163D100<br>LEI: 254900AXR3J2N1XT0V02 | Long             | EC               | CORP              | US        |    406530 | NS      | $4427111.70   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Axiom Intelligence Acquisition | Axiom Intelligence Acquisition Corp 1                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |     18000 | NS      | $179100.00    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Cayson Acquisition Corp        | Cayson Acquisition Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     45000 | NS      | $7650.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| D Boral ARC Acquisition I Corp | D Boral ARC Acquisition I Corp                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    137500 | NS      | $1370875.00   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Andretti Acquisition Corp II   | Andretti Acquisition Corp II                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     50000 | NS      | $520500.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| EGH Acquisition Corp           | EGH Acquisition Corp                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     50000 | NS      | $500500.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| EGH Acquisition Corp           | EGH Acquisition Corp                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     50000 | NS      | $10000.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CEDAR REALTY TRUST INC         | Cedar Realty Trust Inc                                 | CUSIP: 150602506<br>LEI: 54930056URX93R2RSN82 | Long             | EP               | CORP              | US        |     70411 | NS      | $1127280.11   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGACY IMBDS INC               | Legacy IMBDS Inc                                       | CUSIP: 452465305<br>LEI: 5299009C9SZXPB0EEN07 | Long             | EP               | CORP              | US        |     27802 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MFS Investment Grade Municipal | MFS Investment Grade Municipal Trust                   | CUSIP: 59318B108<br>LEI: TQV30XJRB3S7V50XRW52 | Long             | EC               | RF                | US        |    245951 | NS      | $1837253.97   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXPOINT DIV REAL ESTA         | NexPoint Diversified Real Estate Trust                 | CUSIP: 65340G304<br>LEI: 5493008KGR2NU3OXMR64 | Long             | EP               | CORP              | US        |     94082 | NS      | $1351958.34   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Acquisition Corp II     | Armada Acquisition Corp II                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $1029000.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionsGate Acquisition Corp | ChampionsGate Acquisition Corp                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $13010.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DUNE ACQUISITION CORP II       | Dune Acquisition Corp II                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    150000 | NS      | $28425.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Acquisition Co II      | Jackson Acquisition Co II                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $1035000.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| LAUNCH ONE ACQUISITION CORP    | Launch One Acquisition Corp                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     75000 | NS      | $13500.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Oyster Enterprises II Acquisit | Oyster Enterprises II Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    200000 | NS      | $2008000.00   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio  | Fidelity Government Portfolio                          | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   5277745 | NS      | $5277745.30   | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| GDL Fund/The                   | GDL Fund/The                                           | CUSIP: 361570104<br>LEI: 5493000XKGL8ZPN99479 | Long             | EC               | RF                | US        |    110621 | NS      | $943597.13    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGHLAND OPP & INC FUND        | Highland Opportunities and Income Fund                 | CUSIP: 43010E503<br>LEI: 254900CMUE9FRYL2UR80 | Long             | EP               | CORP              | US        |      2521 | NS      | $42604.90     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Diversified High Incom | Pioneer Diversified High Income Fund Inc               | CUSIP: 723653101<br>LEI: F6XC8RH66QIXRMU75G31 | Long             | EC               | RF                | US        |     19842 | NS      | $253977.60    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS High Income Municipal Trus | MFS High Income Municipal Trust                        | CUSIP: 59318D104<br>LEI: 0G9TCUWY2FBUXSJY2691 | Long             | EC               | RF                | US        |    212876 | NS      | $755709.80    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Diversified Real Esta | NexPoint Diversified Real Estate Trust                 | CUSIP: 65340G205<br>LEI: 5493008KGR2NU3OXMR64 | Long             | EC               | CORP              | US        |    164029 | NS      | $644633.97    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BCP Investment Corp            | BCP Investment Corp                                    | CUSIP: 73688F201<br>LEI: 254900YM5BVQKA01I468 | Long             | EC               | CORP              | US        |    253580 | NS      | $3098747.60   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Acquisition Corp          | Blue Acquisition Corp                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    143700 | NS      | $1429815.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Flag Ship Acquisition Corp     | Flag Ship Acquisition Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    137500 | NS      | $16500.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GIGCAPITAL7 CORP-A             | GigCapital7 Corp                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    166013 | NS      | $28222.21     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Indigo Acquisition Corp        | Indigo Acquisition Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    143399 | NS      | $1426820.05   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ROMAN DBDR ACQUISITION CORP    | Roman DBDR Acquisition Corp II                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     62500 | NS      | $26887.50     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Copper Property CTL Pass Throu | Copper Property CTL Pass Through Trust                 | CUSIP: 217519107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109428 | NS      | $1367850.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Destra Multi-Alternative Fund  | Destra Multi-Alternative Fund                          | CUSIP: 25065A502<br>LEI: N/A                  | Long             | EC               | RF                | US        |    128837 | NS      | $1120881.90   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Monroe Capital Corp            | Monroe Capital Corp                                    | CUSIP: 610335101<br>LEI: 549300RZ898DGFGWKV04 | Long             | EC               | CORP              | US        |     64887 | NS      | $484705.89    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Credit Income Fund     | Carlyle Credit Income Fund                             | CUSIP: 92535C104<br>LEI: 549300LVMWHJGZNVXZ22 | Long             | EC               | RF                | US        |     86862 | NS      | $498587.88    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Acquisition Corp          | Blue Acquisition Corp                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    143700 | NS      | $18695.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bold Eagle Acquisition Corp    | Bold Eagle Acquisition Corp                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $23660.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTURION ACQUISITION CORP     | Centurion Acquisition Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     78125 | NS      | $21109.38     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCHILL CAPITAL CORP IX      | Churchill Capital Corp IX                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       611 | NS      | $439.92       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Silverbox Corp IV              | Silverbox Corp IV                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    110050 | NS      | $1154094.35   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Clough Global Opportunities Fu | Clough Global Opportunities Fund                       | CUSIP: 18914E106<br>LEI: 549300DTG68UBCNCPY15 | Long             | EC               | RF                | US        |    158581 | NS      | $881710.36    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Ellsworth Growth and Income Fu | Ellsworth Growth and Income Fund Ltd                   | CUSIP: 289074106<br>LEI: 549300GYFOXHCDQTI772 | Long             | EC               | RF                | US        |    173161 | NS      | $1911697.44   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Axiom Intelligence Acquisition | Axiom Intelligence Acquisition Corp 1                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |     18000 | NS      | $2880.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bold Eagle Acquisition Corp    | Bold Eagle Acquisition Corp                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    150000 | NS      | $1554750.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynamix Corp                   | Dynamix Corp                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     55633 | NS      | $605287.04    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| LIONHEART HOLDINGS - CL A      | Lionheart Holdings                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     36669 | NS      | $8067.18      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-16

**Name of Applicant:** High Income Securities Fund

**Signature:** Andrew Dakos

**Name of Signer:** /s/ Andrew Dakos

**Title:** President