<SEC-DOCUMENT>0000894189-19-004601.txt : 20190805
<SEC-HEADER>0000894189-19-004601.hdr.sgml : 20190805
<ACCEPTANCE-DATETIME>20190805131157
ACCESSION NUMBER:		0000894189-19-004601
CONFORMED SUBMISSION TYPE:	N-PX
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190630
FILED AS OF DATE:		20190805
DATE AS OF CHANGE:		20190805
EFFECTIVENESS DATE:		20190805

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HIGH INCOME SECURITIES FUND
		CENTRAL INDEX KEY:			0000810943
		IRS NUMBER:				046562068
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		N-PX
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05133
		FILM NUMBER:		19998135

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		STREET 2:		MAILSTOP A 14
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		8002251581

	MAIL ADDRESS:	
		STREET 1:		PUTNAM LLC
		STREET 2:		ONE POST OFFICE SQ
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-PX
<SEQUENCE>1
<FILENAME>hisc_n-px.htm
<DESCRIPTION>ANNUAL REPORT OF PROXY VOTING
<TEXT>
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      <div style="text-align: center;">UNITED STATES<br>
        SECURITIES AND EXCHANGE COMMISSION<br>
        Washington, DC 20549</div>
      <div>&#160;</div>
      <div><br>
      </div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">FORM N-PX</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED </div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">MANAGEMENT INVESTMENT COMPANY</div>
      <div>&#160;</div>
      <div><br>
      </div>
      <div style="text-align: center;">Investment Company Act file number <font style="font-weight: bold;"><u>811-05133</u></font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-weight: bold;"><u>High Income Securities Fund</u></font><br>
        (Exact name of registrant as specified in charter)</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">615 East Michigan Street</div>
      <div>&#160;</div>
      <div style="text-align: center;"><font style="font-weight: bold;"><u>Milwaukee, WI 53202</u></font><br>
        (Address of principal executive offices) (Zip code)</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">High Income Securities Fund</div>
      <div style="text-align: center; font-weight: bold;">c/o US Bancorp Fund Services, LLC</div>
      <div style="text-align: center; font-weight: bold;">615 East Michigan Street<br>
      </div>
      <div style="text-align: center; font-weight: 400; font-family: 'Times New Roman',Times,serif;"><u><font style="font-weight: bold;">Milwaukee, WI 53202</font></u><br>
      </div>
      <div style="text-align: center;"><font style="font-weight: normal;">(Name and address of agent for service)</font> </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Copy to:</div>
      <div style="text-align: center; font-weight: bold;">Thomas R. Westle, Esq.</div>
      <div style="text-align: center; font-weight: bold;">Blank Rome LLP</div>
      <div style="text-align: center; font-weight: bold;">1271 Avenue of the Americas</div>
      <div style="text-align: center; font-weight: bold;">New York, NY 10020</div>
      <div><br>
      </div>
      <div style="text-align: center;">Registrant's telephone number, including area code:<font style="font-weight: bold;"><u> 1-888-898-4107</u></font></div>
      <div><br>
      </div>
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      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>Date of fiscal year end: August 31, 2019</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>Date of reporting period: July 1, 2018&#8211; June 30, 2019</div>
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      <div style="font-weight: bold;">Item 1. Proxy Voting Record.</div>
      <div><br>
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        <table cellspacing="0" cellpadding="0" id="zf788c587e85f4d8a997ca5f0d67866b5" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 9.98%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Name of Fund:</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">High Income Securities Fund. (PCF)</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-top: 2px solid rgb(100, 100, 100);">&#160;</td>
              <td style="width: 19.96%; vertical-align: top; border-right: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-bottom: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Period:</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-bottom: 2px solid rgb(100, 100, 100);">
                <div style="text-align: right; color: #000000; font-weight: bold;">2019</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-bottom: 2px solid rgb(100, 100, 100);">&#160;</td>
              <td style="width: 19.96%; vertical-align: top; border-right: 2px solid rgb(100, 100, 100); border-bottom: 2px solid rgb(100, 100, 100);">&#160;</td>
            </tr>
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              <td style="width: 9.98%; vertical-align: top;">&#160;</td>
              <td style="width: 20.81%; vertical-align: top;">&#160;</td>
              <td style="width: 49.15%; vertical-align: top;">&#160;</td>
              <td style="width: 19.96%; vertical-align: top;">&#160;</td>
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              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Company Name</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Meeting Date</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="text-align: center; color: #000000; font-weight: bold;">CUSIP</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="text-align: center; color: #000000; font-weight: bold;">Ticker</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top;">
                <div style="color: #000000;">FS KKR Capital</div>
              </td>
              <td style="width: 20.81%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-weight: bold;">6/14/2019</div>
              </td>
              <td style="width: 49.15%; vertical-align: top;">
                <div style="text-align: center; color: #000000;">302635107</div>
              </td>
              <td style="width: 19.96%; vertical-align: top;">
                <div style="text-align: center; color: #000000;">FSK</div>
              </td>
            </tr>
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              <td style="width: 9.98%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Vote</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Management Recommended Vote</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Proposal</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Propose by issuer or shareholder</div>
              </td>
            </tr>
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              <td style="width: 9.98%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Mirror Vote</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">1. DIRECTOR</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-right: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100);">&#160;</td>
              <td style="width: 20.81%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100);">&#160;</td>
              <td style="width: 49.15%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100);">
                <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Barbara Adams</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-right: 2px solid rgb(100, 100, 100);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100);">&#160;</td>
              <td style="width: 20.81%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100);">&#160;</td>
              <td style="width: 49.15%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100);">
                <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Frederick Arnold</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-right: 2px solid rgb(100, 100, 100);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100);">&#160;</td>
              <td style="width: 20.81%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100);">&#160;</td>
              <td style="width: 49.15%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100);">
                <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Michael C. Forman</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-right: 2px solid rgb(100, 100, 100);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100);">&#160;</td>
              <td style="width: 20.81%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100); border-bottom: 2px solid rgb(100, 100, 100);">&#160;</td>
              <td style="width: 49.15%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100); border-bottom: 2px solid rgb(100, 100, 100);">
                <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Jerel A. Hopkins</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-right: 2px solid rgb(100, 100, 100);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Mirror Vote</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100); border-bottom: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">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%.</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-right: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100); border-bottom: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Mirror Vote</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100); border-bottom: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100); border-bottom: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000;">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.</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-right: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100); border-bottom: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top;">&#160;</td>
              <td style="width: 20.81%; vertical-align: top;">&#160;</td>
              <td style="width: 49.15%; vertical-align: top;">&#160;</td>
              <td style="width: 19.96%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top;">&#160;</td>
              <td style="width: 20.81%; vertical-align: top;">&#160;</td>
              <td style="width: 49.15%; vertical-align: top;">&#160;</td>
              <td style="width: 19.96%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Name of Fund:</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">High Income Securities Fund. (PCF)</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-top: 2px solid rgb(100, 100, 100);">&#160;</td>
              <td style="width: 19.96%; vertical-align: top; border-right: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-bottom: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Period:</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-bottom: 2px solid rgb(100, 100, 100);">
                <div style="text-align: right; color: #000000; font-weight: bold;">2019</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-bottom: 2px solid rgb(100, 100, 100);">&#160;</td>
              <td style="width: 19.96%; vertical-align: top; border-right: 2px solid rgb(100, 100, 100); border-bottom: 2px solid rgb(100, 100, 100);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top;">&#160;</td>
              <td style="width: 20.81%; vertical-align: top;">&#160;</td>
              <td style="width: 49.15%; vertical-align: top;">&#160;</td>
              <td style="width: 19.96%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Company Name</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Meeting Date</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="text-align: center; color: #000000; font-weight: bold;">CUSIP</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="text-align: center; color: #000000; font-weight: bold;">Ticker</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top;">
                <div style="color: #000000;">Black Ridge Acquistion</div>
                <div style="color: #000000;"> Corp.</div>
              </td>
              <td style="width: 20.81%; vertical-align: bottom; text-align: center;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">6/28/2019</div>
              </td>
              <td style="width: 49.15%; vertical-align: bottom; text-align: center;">
                <div style="color: rgb(0, 0, 0);">09216T107</div>
              </td>
              <td style="width: 19.96%; vertical-align: bottom; text-align: center;">
                <div style="color: rgb(0, 0, 0);">BRAC</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">&#160;</td>
              <td style="width: 20.81%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Management Recommended </div>
                <div style="color: #000000; font-weight: bold;">Vote</div>
              </td>
              <td style="width: 49.15%; vertical-align: bottom; border-left: 2px solid rgb(100, 100, 100); border-right: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Proposal</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-left: 2px solid rgb(100, 100, 100); border-top: 2px solid rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">Propose by issuer or</div>
                <div style="color: #000000; font-weight: bold;">shareholder</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">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.</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">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."</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">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</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">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.</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">3a. To Elect the following Class A Director to serve until 2020 annual meeting: Ken DeCubellis</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">3b. To Elect the following Class A Director to serve until 2020 annual meeting: Lyle Berman</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">3c. To Elect the following Class A Director to serve until 2020 annual meeting: Benjamin Oehler</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">3d. To Elect the following Class B Director to serve until 2021 annual meeting: Dr. Kan Hee Anthony Tyen</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">3e. To Elect the following Class B Director to serve until 2021 annual meeting: Ho min Kim</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">3f. To Elect the following Class B Director to serve until 2021 annual meeting: Bradley Berman</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">3g. To Elect the following Class B Director to serve until 2021 annual meeting: Joseph Lahti</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">3h. To Elect the following Class C Director to serve until 2022 annual meeting: Frank Ng</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">3l.To Elect the following Class C Director to serve until 2022 annual meeting: Eric Yang</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">3j.To Elect the following Class C Director to serve until 2022 annual meeting: Adam Pliska</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">3k.To Elect the following Class C Director to serve until 2022 annual meeting: Maya Rogers</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">4. To approve an equity incentive plan to be effective upon consummation of the business combination</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000; font-weight: bold;">For</div>
              </td>
              <td style="width: 20.81%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">For</div>
              </td>
              <td style="width: 49.15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">5. To adjourn the annual meeting to a later date or dates if determined by the officer presiding over the meeting.</div>
              </td>
              <td style="width: 19.96%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(100, 100, 100);">
                <div style="color: #000000;">Issuer</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>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.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>(Registrant)&#160; <u>High Income Securities Fund</u></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>By (Signature and Title)*&#160;<u> /s/ Andrew Dakos&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
        </u></div>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Andrew Dakos, President
      <div><br>
      </div>
      <div>Date <u>7/29/2019&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
        </u></div>
      <div> <br>
      </div>
      <div>* Print the name and title of each signing officer under his or her signature.</div>
    </div>
    <div> <br>
    </div>
    <div>
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"> </div>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
