<SEC-DOCUMENT>0000898531-20-000457.txt : 20201106
<SEC-HEADER>0000898531-20-000457.hdr.sgml : 20201106
<ACCEPTANCE-DATETIME>20201106152721
ACCESSION NUMBER:		0000898531-20-000457
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20200831
FILED AS OF DATE:		20201106
DATE AS OF CHANGE:		20201106
EFFECTIVENESS DATE:		20201106

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-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05133
		FILM NUMBER:		201294129

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>hisf-ncsra.htm
<DESCRIPTION>HIGH INCOME SECURITIES FUND ANNUAL REPORT 8-31-20
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Dixon MRD & Co.
         Document created using EDGARfilings PROfile 7.2.0.0
         Copyright 1995 - 2020 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
    <div style="text-align: center;">UNITED STATES<br>
      SECURITIES AND EXCHANGE COMMISSION<br>
      Washington, D.C. 20549</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">FORM N-CSR</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">CERTIFIED SHAREHOLDER REPORT OF REGISTERED </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">MANAGEMENT INVESTMENT COMPANIES</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </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 style="text-align: center; font-weight: bold;"><u>615 East Michigan Street</u></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 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</div>
    <div style="text-align: center;"><font style="font-weight: bold;">Milwaukee, WI 53202</font><br>
      (Name and address of agent for service)</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; font-weight: bold;"><u>1-888-898-4107</u></div>
    <div style="text-align: center;">Registrant's telephone number, including area code</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>Date of fiscal year end: <font style="font-weight: bold;"><u>August 31, 2020</u></font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>Date of reporting period:&#160; <font style="font-weight: bold;"><u>August 31, 2020</u></font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 3px; color: #000000; background-color: #000000;" noshade="noshade"></div>
    </div>
    <div style="font-weight: bold;"><u>Item 1. Reports to Stockholders.</u></div>
    <div><br>
    </div>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div>
    <div style="color: #141213; font-size: 18pt;">High Income Securities Fund (PCF)</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="color: #141213; font-size: 18pt;">Annual Report</div>
    <div style="color: #141213; font-size: 18pt;">For the year ended</div>
    <div style="color: #141213; font-size: 18pt;">August 31, 2020</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="color: #141213;">Beginning on January 1, 2021, as permitted by regulations adopted by the U.S.&#160;Securities and Exchange Commission, paper copies of the Fund&#8217;s shareholder reports will no longer be sent by mail, unless you specifically
      request paper copies of the reports from the Fund or from your financial intermediary (such as a broker-dealer or bank). Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and
      provided with a website link to access the report.</div>
    <div>&#160;</div>
    <div style="color: #141213;">If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications by
      contacting your financial intermediary (such as a broker-dealer or bank) or, if you are a direct investor, by calling the Fund&#8217;s Transfer Agent, U.S. Bancorp Fund Services, LLC, at&#160;1-888-898-4107.</div>
    <div>&#160;</div>
    <div style="color: #141213;">You may elect to receive all future reports in paper free of charge. If you invest through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your
      shareholder reports; if you invest directly with the Fund, you can call the Fund&#8217;s Transfer Agent, U.S. Bancorp Fund Services, LLC, at 1-888-898-4107. Your election to receive reports in paper form will apply to all funds held in your account with
      your financial intermediary.</div>
    <div>&#160;</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter"></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <!--PROfilePageNumberReset%Num%1%%%-->
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="color: #141213;">October 27, 2020</div>
    <div>&#160;</div>
    <div style="color: #141213;">Dear Fellow Shareholders:</div>
    <div>&#160;</div>
    <div style="color: #141213;">To review the Fund&#8217;s recent history, in Spring 2018 a proxy contest at the annual shareholder meeting of High Income Securities Fund (f/k/a Putnam High Income Securities Fund) resulted in the election of a new Board of
      Trustees and the approval of a proposal requesting the Board to authorize a self-tender offer at or close to net asset value (NAV).&#160; These developments led Putnam Investment Management, LLC, the Fund&#8217;s investment adviser, to resign, and the removal
      of &#8220;Putnam&#8221; from the Fund&#8217;s name.</div>
    <div>&#160;</div>
    <div style="color: #141213;">The newly elected Trustees authorized a self-tender offer (which was completed in March 2019) for the Fund&#8217;s shares at a price of 99% of NAV.&#160; In addition, the Board approved and shareholders ratified the de-registration of
      the Fund as an investment company.&#160; In preparation for the self-tender offer and the potential de-registration, (1) substantially all the Fund&#8217;s portfolio securities were sold and the proceeds invested in cash equivalents and (2) the monthly
      dividends that were historically paid were discontinued after the August 2018 dividend.&#160; After the tender offer, the Fund had net assets of about $52 million.</div>
    <div>&#160;</div>
    <div style="color: #141213;">In April, 2019, the Board of Trustees approved a Transitional Investment Strategy to invest, within the parameters of the Fund&#8217;s existing investment policies and restrictions, in securities likely to generate more income.&#160;
      The Transitional Investment Committee of the Board, which is comprised of Andrew Dakos, Rajeev Das and me, has been responsible for implementing the Transitional Investment Strategy.</div>
    <div>&#160;</div>
    <div style="color: #141213;">Meanwhile, a committee of the Board continued explored potential acquisitions of controlling stakes in operating companies and other non-security investments.&#160; However, despite ratification by shareholders of that plan in
      August 2019, the committee&#8217;s efforts have not borne fruit and, as a result, the Fund has continued, and is expected to continue, to operate as a closed-end fund.</div>
    <div>&#160;</div>
    <div style="color: #141213;">A primary focus of the Fund&#8217;s Transitional Investment Strategy has been to acquire discounted shares of income-oriented closed-end investment companies and business development companies (&#8220;BDCs&#8221;) as well as the senior
      securities of BDCs when they are attractively priced.&#160; In addition, units or common shares issued by special purpose acquisition companies (a/k/a blank check companies or SPACs) may comprise up to 20% of the Fund&#8217;s portfolio.&#160; As you may know, SPACs
      have been much in the news recently and there are many SPACs in the IPO pipeline.</div>
    <div>&#160;</div>
    <div style="color: #141213;">As a result of this strategic initiative, in August 2019 the Fund resumed paying monthly dividends, initially at an annual rate of at least 6% (or 0.5% per month), based on the NAV of the Fund&#8217;s common shares as of June 28,
      2019.&#160; For 2020, the Fund has made, and intends to continue to make, monthly distributions at an annual rate of at least 10% or 8.2 cents per share per month, of the per share</div>
    <div>&#160;</div>
    <div>&#160;
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">1</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: #141213;"> <br>
    </div>
    <div style="color: #141213;"> <br>
    </div>
    <div style="color: #141213;">NAV as of the last business day of 2019.&#160; Most likely helped by the higher monthly distributions, the discount of the Fund&#8217;s shares from NAV, which peaked at more than 14% last year, narrowed, to 6.4% as of August 31, 2020
      and subsequently has been as low as 2%.</div>
    <div>&#160;</div>
    <div style="color: #141213;">We continue to see many income oriented securities whose risk-reward profiles are attractive but that don&#8217;t fit within the Fund&#8217;s current investment parameters.&#160; In addition, we would like the flexibility to increase the
      Fund&#8217;s exposure to SPACs, which can provide a significantly higher return than a money market fund with a very low risk of incurring a realized loss of principal provided, as we intend, that the common stock is sold or redeemed before a transaction
      with an operating company is completed.&#160; (Shares of SPACs held after a transaction is completed can be very volatile.)&#160; Lastly, we think the Fund should have the ability to use leverage to enhance its returns.</div>
    <div>&#160;</div>
    <div style="color: #141213;">In order to take advantage of these opportunities, the Board has approved a rights offering to increase the Fund&#8217;s asset base.&#160; A preliminary registration statement for the rights offering has been filed with the SEC and we
      expect it to be completed this year.&#160; If it is successful, the Board, among other things, intends to consider proposing for a vote by shareholders, broadening the Fund&#8217;s investment parameters, authorizing the use of leverage, and engaging an
      investment advisor.&#160; As one of the Fund&#8217;s largest shareholders, I expect to fully participate in the rights offering.</div>
    <div>&#160;</div>
    <div style="text-align: center; color: #141213;">***</div>
    <div>&#160;</div>
    <div style="color: #141213;">We remind you that from time to time the Fund seeks instructions from shareholders for voting its proxies for certain closed-end funds whose shares the Fund owns. The instruction forms are available at <u>http://highincomesecuritiesfund.com</u>.
      If you would like to receive an email&#160;notification when the Fund seeks proxy voting instructions for a closed-end fund whose shares it owns, please email us at <u>proxyinfo@highincomesecuritiesfund.com</u>.</div>
    <div>&#160;</div>
    <div style="color: #141213;">Sincerely yours,</div>
    <div>&#160;</div>
    <div><img src="phillip_goldstein-signature.jpg"></div>
    <div>&#160;</div>
    <div style="color: #141213;">Phillip Goldstein</div>
    <div style="color: #141213;">Chairman</div>
    <div style="color: #141213;"> <br>
    </div>
    <div style="color: #141213;"> <br>
    </div>
    <div>&#160;</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">2</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: #141213; font-weight: bold;"> <br>
    </div>
    <div style="color: #141213; font-weight: bold;"> <br>
    </div>
    <div style="color: #141213; font-weight: bold;">Past Performance at a glance (unaudited)</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Average annual total returns for the year ended 8/31/2020</div>
    <div>&#160;</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z49ac2f4ea3794a56abd046d5970eca36" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 55%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">Net assets value returns</div>
          </td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #141213; font-weight: bold;">1 year</div>
          </td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #141213; font-weight: bold;">5 years</div>
          </td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #141213; font-weight: bold;">10 years</div>
          </td>
        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top;">
            <div style="color: #141213;">High Income Securities Fund</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">1.06%</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">5.46%</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">6.44%</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 55%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">Market price returns</div>
          </td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top;">
            <div style="color: #141213;">High Income Securities Fund</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">9.86%</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">8.08%</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">5.78%</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 55%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">Index returns</div>
          </td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top;">
            <div style="color: #141213;">ICE BofA Merrill Lynch 6 Month Treasury Bill Index</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">1.70%</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">1.44%</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">0.81%</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 55%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">Share Price as of 8/31/2020</div>
          </td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top;">
            <div style="color: #141213;">Net asset value</div>
          </td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; $8.65</div>
          </td>
        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top;">
            <div style="color: #141213;">Market price</div>
          </td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; $8.10</div>
          </td>
        </tr>

    </table>
    <div style="color: #141213; font-weight: bold;"> <br>
    </div>
    <div style="color: #141213; font-weight: bold;">Effective after the close of business on July 23, 2018, the Fund became internally managed and did not pay any management fees for the year ended August 31, 2020.&#160; Generally, the Fund invests in
      securities of discounted shares of income-oriented closed-end investment companies, business development companies and Special Purpose Acquisition Vehicles.</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Accordingly, the information presented in this report with respect to the actions and results of the Fund are not meaningful in making any conclusions as to the future performance of the Fund. See Note 8.</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Past performance does not predict future performance. The return and value of an investment will fluctuate so that an investor&#8217;s share, when sold, may be worth more or less than their original cost. The
      Fund&#8217;s common stock net asset value (&#8220;NAV&#8221;) return assumes, for illustration only, that dividends and other distributions, if any, were reinvested at the NAV on the ex-dividend date for dividends and other distributions. The Fund&#8217;s common stock
      market price returns assume that all dividends and other distributions, if any, were reinvested at prices obtained under the Fund&#8217;s Dividend Reinvestment Plan (which was terminated on September 12, 2018) for dividends and other distributions payable
      through September 11, 2018 and reinvested at the lower of the NAV or the closing market price on the ex-dividend date for dividends and other distributions payable after September 11, 2018, and does not account for taxes.</div>
    <div>&#160;</div>
    <div> <br>
    </div>
    <div><br>
    </div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">3</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: #141213; font-weight: bold;"> <br>
    </div>
    <div style="color: #141213; font-weight: bold;"> <br>
    </div>
    <div style="color: #141213; font-weight: bold;">Portfolio composition as of 8/31/2020<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup> (unaudited)</div>
    <div>&#160;</div>
    <table id="z16ecd6835be749ba927758eba8a19667" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Percent</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Investment Companies</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">37,321,742</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">77.55</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Special Purpose Acquisition Vehicles</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">7,427,623</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">15.43</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Convertible Notes</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1,343,800</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">2.79</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Money Market Funds</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">925,528</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1.92</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Preferred Stocks</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">842,449</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1.75</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Warrants</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">272,604</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">0.57</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Rights</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">41,100</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">0.08</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Other Common Stocks</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">17,088</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">0.04</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Total Investments</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">48,191,934</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">100.13</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213; font-weight: bold;">%</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Other Assets in Excess of Liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(62,872</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(0.13</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 4px;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Total Net Assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">48,129,062</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">100.00</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213; font-weight: bold;">%</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="vertical-align: top; width: 74%;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup>&#160; As a percentage of net assets.</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">4</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: #141213; font-size: 12pt;"> <font style="font-size: 10pt;"><br>
      </font></div>
    <div style="color: #141213; font-size: 12pt;"><font style="font-size: 10pt;"> </font><br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Portfolio of investments&#8212;August 31, 2020</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table id="zf13c18a23b5349a9a02741cc6c258aa7" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Shares</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">INVESTMENT COMPANIES&#8212;77.55%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Closed-End Funds&#8212;63.98%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">BrandywineGLOBAL Global Income Fund</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">390,300</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">4,828,011</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Eaton Vance Floating-Rate Income Fund</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">217,870</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">3,159,115</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Eaton Vance Senior Income Trust</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">165,329</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">962,215</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">First Eagle Senior Loan Fund</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">10,524</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">129,866</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">First Trust Senior Floating Rate Income Fund II</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">65,574</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">735,085</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Franklin Universal Trust</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">208,903</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1,462,321</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Invesco High Income Trust II</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">11,240</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">142,748</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">New America High Income Fund</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">31,246</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">260,592</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Nuveen H-1 2020 Target Term Fund</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">27,241</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">261,342</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">PGIM Global High Yield Fund, Inc.</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">107,409</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1,444,651</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Pioneer Diversified High Income Trust</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">169,523</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">2,303,817</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Pioneer Floating Rate Trust</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">243,088</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">2,374,970</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Rivernorth Marketplace Lending Corp.</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">133,483</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1,979,393</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Tortoise Power &amp; Energy Infrastucture Fund, Inc.</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">7,596</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">70,187</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Vertical Capital Income Fund</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">310,942</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">3,062,779</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Voya Prime Rate Trust</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">514,350</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">2,268,283</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Western Asset Corporate Loan Fund, Inc.</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">296,865</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">2,728,189</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Western Asset Global High Income Fund</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1,200</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">11,796</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Western Asset High Income Opportunity Fund, Inc.</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">186,106</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">937,974</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Western Asset Variable Rate Strategic Fund</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">101,701</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">1,667,896</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">30,791,230</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Business Development Companies&#8212;12.77%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Barings BDC, Inc.</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">251,803</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">2,049,676</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Crescent Capital BDC, Inc.</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">126,552</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1,562,917</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">FS KKR Capital Corp.</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">99,259</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1,436,278</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Garrison Capital, Inc.</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">314,872</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">1,095,755</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">6,144,626</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Other Investment Companies&#8212;0.80%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Eagle Growth and Income Opportunities Fund (a)(b)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">101,549</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">385,886</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Total Investment Companies ($38,895,704)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">37,321,742</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">OTHER COMMON STOCKS&#8212;0.04%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="vertical-align: top; width: 74%;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Energy&#8212;0.04%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">MWO Holdings, LLC Units (a)(b)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">39</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">3,231</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Nine Point Energy (a)(b)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">138,566</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">13,857</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Total Other Common Stocks (Cost $54,109)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">17,088</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #141213;">The accompanying notes are an integral part of these financial statements.</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">5</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Portfolio of investments&#8212;August 31, 2020</div>
    <div><br>
    </div>
    <table id="zd94e1bb104a0478bb5c4ff8a565f8ca7" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Shares</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">PREFERRED STOCKS&#8212;1.75%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Investment Companies&#8212;1.15%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Capital Southwest Corp. (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">11,289</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">282,902</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Saratoga Investment Corp. (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">10,923</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">272,747</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">555,649</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Investment Management &amp; Advisory Services&#8212;0.60%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">B Riley Financial, Inc. (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">12,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">286,800</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Total Preferred Stocks (Cost $808,038)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">842,449</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Shares/Units</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">SPECIAL PURPOSE ACQUISITION VEHICLES&#8212;15.43%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Apex Technology Acquisition Corp. Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">50,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">530,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">B Riley Principal Merger Co. (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">25,084</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">252,345</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Churchill Capital Corp. IV Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">70,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">695,800</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">DFP Healthcare Acquisition Corp. (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">42,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">434,700</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">E.Merge Technology Acquisition Corp. Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">25,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">250,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Finserv Acquisition Corp. Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">31,330</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">311,107</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Foley Trasimene Acquisition Corp. Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">50,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">501,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">GigCapital3, Inc. Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">56,550</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">576,810</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Go Acquisition Corp. Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">50,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">497,500</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Gores Holdings V, Inc. Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">25,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">254,048</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Haymaker Acquisition Corp. II&#8212;Class A (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">40,341</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">407,444</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Haymaker Acquisition Corp. II Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">10</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Juniper Industrial Holdings, Inc. Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">47,346</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">492,398</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Pivotal Investment Corp. II Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">15,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">151,350</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Proptech Acquisition Corp. Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">20,500</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">214,020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">SC Health Corp. Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">45,515</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">475,632</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Software Acquisition Corp.&#8212;Class A (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">28,476</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">283,336</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Thunder Bridge Acquisition Corp. &#8212;Class A (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">46,707</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">469,873</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Tuscan Holdings Corp. II Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">10</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Yucaipa Acquisition Corp. Units (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">62,400</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">630,240</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Total Special Purpose Acquisition Vehicles (Cost $7,246,352)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">7,427,623</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #141213;">The accompanying notes are an integral part of these financial statements.</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">6</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Portfolio of investments&#8212;August 31, 2020</div>
    <div><br>
    </div>
    <table id="z133dfc145e8b4fa4b1c6b2239c04400d" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Principal</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Amount</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">CONVERTIBLE&#160; NOTES&#8212;2.79%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Communication Services&#8212;2.79%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" valign="bottom">
            <div style="color: #141213;">Suro Capital Corp. Unsecured</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;4.750%, 3/28/2023</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">1,000,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">1,343,800</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Total Convertible Notes (Cost $1,016,330)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">1,343,800</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Shares</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">RIGHTS&#8212;0.08%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Agba Acquisition Ltd. (Expiration: February 16, 2021) (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">36,750</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">7,357</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">GigCapital2, Inc. (Expiration: December 10, 2020) (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">102,250</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">33,743</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Total Rights (Cost $21,585)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">41,100</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">WARRANTS&#8212;0.57%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Agba Acquisition Ltd. (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Expiration: May 2024</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Exercise Price: $11.50</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">36,750</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">8,319</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">B Riley Principal Merger Co. (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Expiration: May 2026</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Exercise Price: $11.50</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">13,048</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">15,658</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Churchill Capital Corp. (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Expiration: July 2024</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Exercise Price: $11.50</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">29,554</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">59,108</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Finserv Acquisition Corp. (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Expiration: December 2026</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Exercise Price: $11.50</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">15,665</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">12,704</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">GigCapital2, Inc. (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Expiration: July 2024</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Exercise Price: $11.50</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">102,250</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">82,823</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Haymaker Acquisition Corp. (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Expiration: October 2026</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Exercise Price: $11.50</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">13,447</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">16,728</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Pivotal Investment Corp. II (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Expiration: June 2025</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Exercise Price: $11.50</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">5,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">4,745</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Proptech Acquisition Corp. (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Expiration: October 2026</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Exercise Price: $11.50</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">10,250</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">14,862</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Software Acquisition Group, Inc. (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Expiration: October 1, 2026</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Exercise Price: $11.50</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">14,238</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">11,675</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #141213;">The accompanying notes are an integral part of these financial statements.</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">7</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Portfolio of investments&#8212;August 31, 2020</div>
    <div><br>
    </div>
    <table id="ze3cca4d5aaef472782c9ad74083611b4" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Shares</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">WARRANTS&#8212;(continued)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" valign="bottom">
            <div style="color: #141213;">Tuscan Holdings Corp. II (a)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Expiration: July 2025</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;Exercise Price: $11.50</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">91,983</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">45,982</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Total Warrants (Cost $189,219)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">272,604</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">MONEY MARKET FUNDS&#8212;1.92%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Fidelity Institutional Government Portfolio&#8212;Class I, 0.010% (c)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">462,764</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">462,764</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">STIT-Treasury Portfolio&#8212;Institutional Class, 0.028% (c)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">462,764</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">462,764</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Total Money Market Funds (Cost $925,528)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">925,528</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Total Investments (Cost $49,156,865)&#8212;100.13%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">48,191,934</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Other Assets in Excess of Liabilities&#8212;(0.13%)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(62,872</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 4px;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">TOTAL NET ASSETS&#8212;100.00%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">48,129,062</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="color: #141213;">Percentages are stated as a percent of net assets.</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z5f4bbe0c13ea40ba96b20bdaf034148a" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: #141213;">(a)</div>
          </td>
          <td style="width: 97%; vertical-align: top;">
            <div style="color: #141213;">Non-income producing security.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: #141213;">(b)</div>
          </td>
          <td style="width: 97%; vertical-align: top;">
            <div style="color: #141213;">Fair valued securities. The total market value of these securities was $402,974, representing 0.84% of net assets. Value determined using significant unobservable inputs.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: #141213;">(c)</div>
          </td>
          <td style="width: 97%; vertical-align: top;">
            <div style="color: #141213;">The rate shown represents the 7-day yield at August 31, 2020.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #141213;">The accompanying notes are an integral part of these financial statements.</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">8</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Statement of assets and liabilities&#8212;August 31, 2020</div>
    <div><br>
    </div>
    <table id="zcd944db0e4144619a398d36538e6eb9f" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Assets:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: #141213;">Investments, at value (Cost $49,156,865)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">48,191,934</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: #141213;">Dividends and interest receivable</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">96,350</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: #141213;">Receivable for investments sold</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">64,206</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Other assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">27,121</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Total assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">48,379,611</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Liabilities:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: #141213;">Payables:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Investments purchased</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">70,570</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Administration fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">27,951</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Chief Compliance Officer fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">11,995</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Director fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1,430</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Audit fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">41,152</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Fund accounting fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">461</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Custody fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1,910</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Legal fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">56,337</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Transfer Agent fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">11,573</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Reports and notices to shareholder</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">25,132</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 2px;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Accrued expenses and other liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">2,038</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Total liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">250,549</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 4px;" valign="bottom">
            <div style="color: #141213;">Net assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">48,129,062</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Net assets consist of:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: #141213;">Paid-in Capital (Unlimited shares authorized)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">51,073,821</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Accumulated deficit</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(2,944,759</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 4px;" valign="bottom">
            <div style="color: #141213;">Net assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">48,129,062</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: #141213;">Net asset value per share ($48,129,062 applicable to</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 4px;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;5,565,006 shares outstanding)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">8.65</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #141213;">The accompanying notes are an integral part of these financial statements.</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">9</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Statement of operations</div>
    <div><br>
    </div>
    <table id="z25e66c612cc847d0ad73444404a2933d" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">For the year ended</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); width: 85%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">August 31, 2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Investment income:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Dividends</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">3,019,525</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Interest</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">49,328</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Total investment income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">3,068,853</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Expenses:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Transitional Investment Committee fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">250,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Trustees&#8217; fees and expenses</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">182,585</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Administration fees and expenses</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">108,783</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Officer fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">75,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Compliance fees and expenses</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">74,998</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Legal fees and expenses</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">67,545</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Reports and notices to shareholders</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">57,276</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Transfer agency fees and expenses</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">38,994</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Insurance fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">26,097</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Stock exchange listing fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">25,701</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Audit fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">13,650</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Custody fees and expenses</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">8,294</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Accounting fees and expenses</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">1,583</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Other expenses</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">8,174</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Net expenses</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">938,680</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Net investment income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">2,130,173</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Net realized and unrealized gains from investment activities:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%;" valign="bottom">
            <div style="color: #141213;">Net realized loss from investments</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%;" valign="bottom">
            <div style="color: #141213;">(1,925,554</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Change in net unrealized depreciation on investments</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">134,148</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Net realized and unrealized loss from investment activities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(1,791,406</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 85%; padding-bottom: 4px;" valign="bottom">
            <div style="color: #141213;">Increase in net assets resulting from operations</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">338,767</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #141213;">The accompanying notes are an integral part of these financial statements.</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">10</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Statements of changes in net assets applicable to common shareholders</div>
    <div><br>
    </div>
    <table id="z29a12346eefd4982a8907fde4fb3a0e8" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">For the</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">For the</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">year ended</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">year ended</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">August 31, 2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">August 31, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">From operations:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Net investment income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">2,130,173</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1,264,550</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Net realized gain (loss) on investments, forward foreign</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;currency contracts and foreign currency translations</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">(1,925,554</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">89,219</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Net unrealized depreciation on investments, forward</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;foreign currency contracts and foreign currency translations</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">134,148</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(47,157</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Net increase in net assets resulting from operations</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">338,767</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">1,306,612</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Distributions paid to shareholders:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Distributions</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">(2,166,107</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">(5,620,676</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Return of capital</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(2,855,810</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Total dividends and distributions paid to shareholders</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(5,021,917</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(5,620,676</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Capital Stock Transactions (Note 5)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Repurchase of common stock</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Repurchase of common stock through tender offer</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(68,129,484</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Total capital stock transactions</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(68,129,484</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Net decrease in net assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">&#160;&#160;applicable to common shareholders</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(4,683,150</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(72,443,548</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Net assets applicable to common shareholders:</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Beginning of year</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">52,812,212</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">125,255,760</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 4px;" valign="bottom">
            <div style="color: #141213;">End of year</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">48,129,062</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">52,812,212</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Number of Fund Shares</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Shares outstanding at beginning of year</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">5,565,006</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">12,930,356</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Shares repurchased</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(7,365,350</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 4px;" valign="bottom">
            <div style="color: #141213;">Shares outstanding at end of year</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">5,565,006</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">5,565,006</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #141213;">The accompanying notes are an integral part of these financial statements.</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">11</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Financial highlights</div>
    <div><br>
    </div>
    <div style="color: #141213;">Selected data for a share of common stock outstanding throughout each year is presented below:</div>
    <div>&#160;</div>
    <div><br>
    </div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Net asset value, beginning of year</div>
    <div style="color: #141213;">Net investment income<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
    <div style="color: #141213;">Net realized and unrealized gains (losses) from investment activities</div>
    <div style="color: #141213; font-weight: bold;">Total from investment operations</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Less distributions:</div>
    <div style="color: #141213;">Net investment income</div>
    <div style="color: #141213;">Net realized gains from investment activities</div>
    <div style="color: #141213;">Return of capital</div>
    <div style="color: #141213; font-weight: bold;">Total distributions</div>
    <div style="color: #141213;">Increase from shares repurchased</div>
    <div style="color: #141213;">Anti-dilutive effect of Tender Offer</div>
    <div style="color: #141213; font-weight: bold;">Net asset value, end of year</div>
    <div style="color: #141213; font-weight: bold;">Market price, end of year</div>
    <div style="color: #141213;"><font style="font-weight: bold;">Total market price return</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Ratio to average net assets:</div>
    <div style="color: #141213;">Ratio of expenses to average net assets</div>
    <div style="color: #141213;">Ratio of net investment income to average net assets</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Supplemental data:</div>
    <div style="color: #141213;">Net assets, end of year (000&#8217;s)</div>
    <div style="color: #141213;">Portfolio turnover</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z432d9b32cf534a23bc9b17a9310a06da" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 2%; vertical-align: top;">
            <div style="color: #141213;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
          </td>
          <td style="width: 98%; vertical-align: top;">
            <div style="color: #141213;">Per share net investment income has been determined on the basis of the weighted average number of shares outstanding during the period.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top;">
            <div style="color: #141213;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div>
          </td>
          <td style="width: 98%; vertical-align: top;">
            <div style="color: #141213;">Total market price return is calculated assuming a $10,000 purchase of common stock at the current market price on the first day of each period reported and a sale at the current market price on the last day of each
              period reported, and assuming reinvestment of dividends and other distributions to common shareholders at prices obtained under the Fund&#8217;s Dividend Reinvestment Plan (which was terminated on September 12, 2018). After September 11, 2018,
              total market price return is calculated assuming reinvestments of dividends and other distributions to common shareholders at the lower of the NAV or the closing market price on the ex-dividend date.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top;">
            <div style="color: #141213;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup></div>
          </td>
          <td style="width: 98%; vertical-align: top;">
            <div style="color: #141213;">Includes amounts paid through expense offset and brokerage/service arrangements, if any.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top;">
            <div style="color: #141213;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(4)</sup></div>
          </td>
          <td style="width: 98%; vertical-align: top;">
            <div style="color: #141213;">Includes 0.28% of increased proxy fees related to the 2017 annual shareholder meeting.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top;">
            <div style="color: #141213;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(5)</sup></div>
          </td>
          <td style="width: 98%; vertical-align: top;">
            <div style="color: #141213;">Amount represents less than $0.01 per share.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #141213;">The accompanying notes are an integral part of these financial statements.</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">12</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Financial highlights (continued)</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>&#160;</div>
    <table id="z745c5b73a13d4513ad4a5095fbafa046" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" cellpadding="0" cellspacing="0">

        <tr>
          <td colspan="18" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">For the year ended August 31,</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">2018</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">2017</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">2016</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">9.49</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">9.69</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">9.53</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">8.92</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">8.67</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">0.38</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">0.13</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">0.22</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">0.30</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">0.35</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(0.32</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">0.01</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">0.25</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">0.66</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">0.17</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">0.06</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">0.14</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">0.47</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">0.96</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">0.52</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">(0.34</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">(0.05</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">(0.31</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">(0.37</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">(0.37</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">(0.05</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">(0.41</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(0.51</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(0.90</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(0.46</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(0.31</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(0.37</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(0.37</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">0.00</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(5)</sup>&#160;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">0.02</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">0.10</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">0.12</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">8.65</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">9.49</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">9.69</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">9.53</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">8.92</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">8.10</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">8.24</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">9.38</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">8.77</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">8.02</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">9.86</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">-7.56</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">10.65</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">14.19</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">14.96</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1.89</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1.18</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1.47</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1.22</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)(4)</sup></div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">0.94</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup></div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">4.30</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1.38</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">2.26</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">3.29</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">4.15</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">48,129</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">52,812</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">125,256</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">123,607</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">118,530</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">81</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">43</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">49</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">50</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">26</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">%</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">13</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Notes to financial statements</div>
    <div><br>
    </div>
    <div style="color: #141213;">High Income Securities Fund (the &#8220;Fund&#8221;) is a Massachusetts business trust, which is registered under the Investment Company Act of 1940, as amended, as a diversified closed-end management investment company. Effective July
      24, 2018 the Fund changed its name to High Income Securities Fund.</div>
    <div>&#160;</div>
    <div style="color: #141213;">The goal of the Fund continues to be to provide high current income as a primary objective and capital appreciation as a secondary objective. The Fund pursues its objective primarily by investing, under normal
      circumstances, at least 80% of its net assets in fixed income securities, including debt instruments, convertible securities and preferred stocks. The Fund also invests in high-yielding non-convertible securities with the potential for capital
      appreciation.</div>
    <div>&#160;</div>
    <div style="color: #141213;">The Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standard Codification Topic 946 &#8220;Financial
      Services &#8211; Investment Companies&#8221;.</div>
    <div>&#160;</div>
    <div style="color: #141213;">The Fund&#8217;s shares trade on a stock exchange at market prices, which may be lower than the Fund&#8217;s net asset value.</div>
    <div>&#160;</div>
    <div style="color: #141213;">In the normal course of business, the Fund enters into contracts that may include agreements to indemnify another party under given circumstances. The Fund&#8217;s maximum exposure under these arrangements is unknown as this
      would involve future claims that may be, but have not yet been made against the Fund. However, the Trustees expect the risk of material loss to be remote.</div>
    <div>&#160;</div>
    <div style="color: #141213;">Under the Fund&#8217;s Agreement and Declaration of Trust, any claims asserted against or on behalf of the Fund, including claims against Trustees and Officers, must be brought in state and federal courts located within the
      Commonwealth of Massachusetts.</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Note 1: Significant Accounting Policies</div>
    <div style="color: #141213;">The following is a summary of significant accounting policies consistently followed by the Fund in the preparation of its financial statements. The preparation of financial statements is in conformity with accounting
      principles generally accepted in the United States of America and requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements and the reported amounts of increases and
      decreases in net assets from operations. Actual results could differ from those estimates.</div>
    <div>&#160;</div>
    <div style="color: #141213;"><font style="font-weight: bold;">Security valuation</font>&#8212;Portfolio securities and other investments are valued using policies and procedures adopted by the Trustees. The Trustees have formed a Valuation Committee to
      oversee the implementation of these procedures.</div>
    <div>&#160;</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">14</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Notes to financial statements</div>
    <div><br>
    </div>
    <div style="color: #141213;">Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities
      under Accounting Standards Codification 820 Fair Value Measurements and Disclosures (ASC 820). If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally
      categorized as a Level 2 security.</div>
    <div>&#160;</div>
    <div style="color: #141213;">Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such
      investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares.</div>
    <div>&#160;</div>
    <div style="color: #141213;">Market quotations are not considered to be readily available for certain debt obligations (including short-term investments with remaining maturities of 60&#160;days or less) and other investments; such investments are valued on
      the basis of valuations furnished by an independent pricing service approved by the Trustees. Such services or dealers determine valuations for normal institutional-size trading units of such securities using methods based on market transactions for
      comparable securities and various relationships, generally recognized by institutional traders, between securities (which consider such factors as security prices, yields, maturities and ratings). These securities will generally be categorized as
      Level 2.</div>
    <div>&#160;</div>
    <div style="color: #141213;">To the extent a pricing service or dealer is unable to value a security, the security will be valued at fair value in accordance with policies and procedures approved by the Trustees. Certain investments, including certain
      restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit
      quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are
      classified as Level 2 or as Level 3 depending on the priority of the significant inputs.</div>
    <div>&#160;</div>
    <div style="color: #141213;">To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably
      available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the Fund could reasonably expect to realize from an orderly disposition of such securities
      over a reasonable period of time. By its nature, a fair value price is a good faith estimate</div>
    <div>&#160;</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">15</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Notes to financial statements</div>
    <div><br>
    </div>
    <div style="color: #141213;">of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount.</div>
    <div>&#160;</div>
    <div style="color: #141213;">The Fund has adopted fair valuation accounting standards that establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the
      various input and valuation techniques used in measuring fair value. Fair value inputs are summarized in the three broad levels listed below:</div>
    <div>&#160;</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zd08637b0be0145b38173c728ba6dec3a" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="color: #141213;">Level 1&#8212;</div>
          </td>
          <td style="width: 93%; vertical-align: top;">
            <div style="color: #141213;">Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 93%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="color: #141213;">Level 2&#8212;</div>
          </td>
          <td style="width: 93%; vertical-align: top;">
            <div style="color: #141213;">Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an
              inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 93%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="color: #141213;">Level 3&#8212;</div>
          </td>
          <td style="width: 93%; vertical-align: top;">
            <div style="color: #141213;">Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund&#8217;s own assumptions about the assumptions a market participant would use in valuing the
              asset or liability, and would be based on the best information available.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">16</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Notes to financial statements</div>
    <div><br>
    </div>
    <div style="color: #141213;">The following is a summary of the fair valuations according to the inputs used as of August 31, 2020 in valuing the Fund&#8217;s investments:</div>
    <div>&#160;</div>
    <table id="za01fb7500a0b473aa0166b7bb016c69e" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Quoted Prices in</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Active Markets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">for Identical</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Significant Other</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Unobservable</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Investments</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Observable Inputs</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Inputs</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); width: 45%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">(Level 1)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">(Level 2)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">(Level 3)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213; font-weight: bold;">Total</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">
            <div style="color: #141213;">Investment Companies</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Closed-End Funds</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">30,791,230</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">30,791,230</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Business Development Companies</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">6,144,626</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">6,144,626</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Other Investment Companies</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">385,886</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">385,886</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">
            <div style="color: #141213;">Other Common Stocks</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Energy</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">17,088</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">17,088</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">
            <div style="color: #141213;">Preferred Stocks</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Investment Companies</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">555,649</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">555,649</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Investment Management &amp;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">&#160;&#160;Advisory Services</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">286,800</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">286,800</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">
            <div style="color: #141213;">Special Purpose Acquisition Vehicles</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">6,517,271</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">
            <div style="color: #141213;">910,352</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">7,427,623</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">
            <div style="color: #141213;">Convertible Notes</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">
            <div style="color: #141213;">1,343,800</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1,343,800</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">
            <div style="color: #141213;">Rights</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">41,100</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">41,100</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%;" valign="bottom">
            <div style="color: #141213;">Warrants</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">259,900</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">
            <div style="color: #141213;">12,704</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">272,604</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Money Market Funds</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">925,528</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">925,528</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 45%; padding-bottom: 4px;" valign="bottom">
            <div style="color: #141213;">Total</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">45,522,104</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">2,266,856</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">402,974</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">48,191,934</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>

    </table>
    <div style="color: #141213;"> <br>
    </div>
    <div style="color: #141213;">At the start and close of the reporting period, Level 3 investments in securities represented less than 1% of the fund&#8217;s net assets and were not considered a significant portion of the fund&#8217;s portfolio.</div>
    <div>&#160;</div>
    <div style="color: #141213;">The average monthly shares amount of warrants during the period was 294,124. The average monthly market value of warrants during the period was $170,152.</div>
    <div>&#160;</div>
    <div style="color: #141213;">The fair value of derivative instruments as reported within the Schedule of Investments as of August 31, 2020:</div>
    <div>&#160;</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zd5808ac4d05a407c9b70ad34c3a91fa7" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 40%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Derivatives not accounted</div>
          </td>
          <td style="width: 35%; vertical-align: top;">
            <div style="text-align: center; color: #141213; font-weight: bold;">Statement of Assets &amp;</div>
          </td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">for as hedging instruments</div>
          </td>
          <td style="width: 35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #141213; font-weight: bold;">Liabilities Location</div>
          </td>
          <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #141213; font-weight: bold;">Value</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: top;">
            <div style="color: #141213;">Equity Contracts &#8211; Warrants</div>
          </td>
          <td style="width: 35%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">Investments, at value</div>
          </td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">$272,604</div>
          </td>
        </tr>

    </table>
    <div style="color: #141213;"> <br>
    </div>
    <div style="color: #141213;">The effect of derivative instruments on the Statement of Operations for the period ended August 31, 2020:</div>
    <div>&#160;</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">17</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Notes to financial statements</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zb1daebbc4384435d9117aaff0f977015" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 25%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #141213; font-weight: bold;">Amount of Realized Gain on Derivatives Recognized in Income</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Derivatives not accounted</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; color: #141213; font-weight: bold;">Statement of</div>
          </td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">for as hedging instruments</div>
          </td>
          <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #141213; font-weight: bold;">Operations Location</div>
          </td>
          <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #141213; font-weight: bold;">Value</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="color: #141213;">Equity Contracts &#8211; Warrants</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">Net Realized Loss on Investments</div>
          </td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">$58,331</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 25%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="text-align: center; color: #141213; font-weight: bold;">Change in Unrealized Appreciation (Depreciation)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #141213; font-weight: bold;">on Derivatives Recognized in Income</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Derivatives not accounted</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; color: #141213; font-weight: bold;">Statement of</div>
          </td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">for as hedging instruments</div>
          </td>
          <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #141213; font-weight: bold;">Operations Location</div>
          </td>
          <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #141213; font-weight: bold;">Total</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="color: #141213;">Equity Contracts &#8211; Warrants</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">Net change in unrealized appreciation of investments</div>
          </td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">$78,000</div>
          </td>
        </tr>

    </table>
    <div style="color: #141213;"><font style="font-weight: bold;"> <br>
      </font></div>
    <div style="color: #141213;"><font style="font-weight: bold;">Investment transactions and investment income</font>&#8212;Security transactions and related investment income security transactions are recorded on the trade date (the date the order to buy or
      sell is executed). Realized gains or losses on securities sold are determined on the identified cost basis. Interest income, net of any applicable withholding taxes, is recorded on the accrual basis. Dividend income, net of any applicable withholding
      taxes, is recognized on the ex-dividend date except that certain dividends from foreign securities, if any, are recognized as soon as the Fund is informed of the ex-dividend date. Non-cash dividends, if any, are recorded at the fair value of the
      securities received. Discounts are accreted and premiums are amortized using the constant yield method as adjustments to interest income and the identified cost of investments. Dividends representing a return of capital or capital gains, if any, are
      reflected as a reduction of cost and/or as a realized gain.</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Note 2: Federal Tax Status</div>
    <div style="color: #141213;">The Fund has elected to be taxed as a &#8220;regulated investment company&#8221; and intends to distribute substantially all of its taxable income within the prescribed time period and otherwise comply with the provisions of the
      Internal Revenue Code of 1986, as amended (the Code), applicable to regulated investment companies. It is also the intention of the Fund to distribute an amount sufficient to avoid imposition of any excise tax under Section 4982 of the Code.</div>
    <div>&#160;</div>
    <div style="color: #141213;">The tax character of distributions paid to shareholders during the fiscal year ended August 31, 2020 and August 31, 2019 are as follows:</div>
    <div>&#160;</div>
    <table id="z37a673ec099748da9b2b13bb98dacf48" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">August 31, 2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">August 31, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%;" valign="bottom">
            <div style="color: #141213;">Ordinary Income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">2,166,107</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">312,843</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Return of capital</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">2,855,810</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">5,307,833</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 74%; padding-bottom: 4px;" valign="bottom">
            <div style="color: #141213;">Total distributions paid</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">5,021,917</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">5,620,676</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>

    </table>
    <div style="color: #141213;"> <br>
    </div>
    <div style="color: #141213;">The Fund is subject to the provisions of Accounting Standards Codification 740 Income Taxes (ASC 740). ASC 740 sets forth a minimum threshold for financial statement recognition of the benefit of a tax position taken or
      expected to be taken in a tax return. The Fund did not have a liability to record for any unrecognized tax benefits in the accompanying financial statements. No provision has been made for federal taxes on income, capital gains or unrealized
      appreciation on securities held nor for excise tax on income and capital gains.</div>
    <div>&#160;</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">18</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Notes to financial statements</div>
    <div><br>
    </div>
    <div style="color: #141213;">Each of the Fund&#8217;s federal tax returns for the prior three fiscal years remains subject to examination by the Internal Revenue Service.</div>
    <div>&#160;</div>
    <div style="color: #141213;">At August 31, 2020, the Fund did not defer, on a tax basis, late year losses.</div>
    <div>&#160;</div>
    <div style="color: #141213;">At August 31, 2020, the Fund had tax basis capital losses which may be carried forward to offset future short term and long term capital gains indefinitely in the amount of $761,161 and $1,190,453, respectively. To the
      extent that the Fund may realize future net capital gains, those gains will be offset by any of the unused capital loss carryforward.</div>
    <div>&#160;</div>
    <div style="color: #141213;"><font style="font-weight: bold;">Distributions to shareholders</font>&#8212;Distributions to shareholders from net investment income are recorded by the Fund on the ex-dividend date. The Fund currently makes monthly distributions
      at an annual rate of at least 10% per annum (or 0.8333% per month). To the extent that sufficient investment income is not available on a monthly basis, the distributions may include return of capital. Distributions from capital gains, if any, are
      recorded on the ex-dividend date and paid at least annually. The amount and character of income and gains to be distributed are determined in accordance with income tax regulations, which may differ from generally accepted accounting principles.
      These differences include temporary and/or permanent differences from losses on wash sale transactions, from nontaxable dividends, from dividends payable, from amortization and accretion, from contingent payment debt and from deemed distributions. To
      the extent these differences are permanent in nature, such amounts are reclassified within the capital accounts based on their federal tax-basis treatment; temporary differences do not require reclassification.</div>
    <div>&#160;</div>
    <div style="color: #141213;">Reclassifications are made to the Fund&#8217;s capital accounts to reflect income and gains available for distribution (or available capital loss carryovers) under income tax regulations. During the year ended August 31, 2020,
      there were no reclassifications between accumulated losses and paid-in-capital.</div>
    <div>&#160;</div>
    <div style="color: #141213;">Tax cost of investments includes adjustments to net unrealized appreciation (depreciation) which may not necessarily be final tax cost basis adjustments, but closely approximate the tax basis unrealized gains and losses
      that may be realized and distributed to shareholders. The tax basis components of distributable earnings and the federal tax cost as of the close of the reporting period were as follows:</div>
    <div>&#160;</div>
    <table id="z6bdd3d7b853c40a9ae6d0d5be87d4ad3" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Tax cost of investments</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">49,185,079</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: #141213;">Unrealized appreciation</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">1,583,327</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Unrealized depreciation</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(2,576,472</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Net unrealized depreciation</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(993,145</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%;" valign="bottom">
            <div style="color: #141213;">Undistributed ordinary income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%;" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Undistributed long-term gains</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Total distributable earnings</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">Other accumulated losses and other temporary differences</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(1,951,614</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 87%; padding-bottom: 4px;" valign="bottom">
            <div style="color: #141213;">Total accumulated losses</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">(2,944,759</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">
            <div style="color: #141213;">)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">19</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Notes to financial statements</div>
    <div><br>
    </div>
    <div style="color: #141213; font-weight: bold;">Note 3: Management Fee, Administrative Services and Other Transactions</div>
    <div style="color: #141213;">U.S. Bancorp Fund Services, LLC doing business as U.S. Bank Global Fund Services (&#8220;Fund Services&#8221;), an indirect wholly-owned subsidiary of U.S. Bancorp, acts as the Fund&#8217;s Administrator under an Administration Agreement.
      Fund Services prepares various federal and state regulatory filings, reports and returns for the Fund; prepares reports and materials to be supplied to the Trustees; monitors the activities of the Fund&#8217;s custodian, transfer agent and accountants;
      coordinates the preparation and payment of the Fund&#8217;s expenses; and reviews the Fund&#8217;s expense accruals. Fund Services also serves as the Fund&#8217;s fund accountant and U.S. Bank, N.A. (&#8220;U.S. Bank&#8221;), an affiliate of Fund Services, serves as the Fund&#8217;s
      custodian.</div>
    <div>&#160;</div>
    <div style="color: #141213;">The Fund pays each of its trustees who is not an officer, the Administrator or any affiliate thereof an annual fee of $25,000, paid quarterly in advance. As additional annual compensation, the officers of the Fund will
      receive $25,000. In addition, the members of the Transitional Investment Committee are compensated by the Fund for their positions on the Transitional Investment Committee in the amount of $100,000 each for Mr. Phillip Goldstein and Mr. Andrew Dakos,
      and $50,000 for Mr. Rajeev Das on an annual basis paid monthly in advance. Prior to January 1, 2020, Ms. Stephanie Darling received annual compensation in the amount of $90,000, paid monthly, for serving the Fund as Chief Compliance Officer (&#8220;CCO&#8221;).
      Effective January 1, 2020, Ms. Stephanie Darling receives annual compensation in the amount of $72,000, paid monthly, for serving the Fund as CCO. In addition, the Fund reimburses the directors and CCO for travel and out-of-pocket expenses incurred
      in connection with Board of Directors&#8217; meetings and CCO due diligence requirements.</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Note 4: Purchases and Sales of Securities</div>
    <div style="color: #141213;">During the year ended August 31, 2020, the cost of purchases and the proceeds from sales, excluding short-term investments, were as follows:</div>
    <div>&#160;</div>
    <table id="z3e02b7f72eaf48b8ada5e4f9583d4606" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); width: 68%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Cost of purchases</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" valign="bottom">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="text-align: center; color: #141213; font-weight: bold;">Proceeds from sales</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 68%;" valign="bottom">
            <div style="color: #141213;">Investments in securities (Long-term)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">
            <div style="color: #141213;">39,580,654</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;" valign="bottom">
            <div style="color: #141213;">37,754,350</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 68%; padding-bottom: 2px;" valign="bottom">
            <div style="color: #141213;">U.S. government securities (Long-term)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 68%; padding-bottom: 4px;" valign="bottom">
            <div style="color: #141213;">Total</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">39,580,654</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" valign="bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; text-align: right; width: 13%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">
            <div style="color: #141213;">37,754,350</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
        </tr>

    </table>
    <div style="color: #141213; font-weight: bold;"> <br>
    </div>
    <div style="color: #141213; font-weight: bold;">Note 5: Capital Share Transactions</div>
    <div style="color: #141213;">Repurchases are made when the Fund&#8217;s shares are trading at less than net asset value and in accordance with procedures approved by the Fund&#8217;s Previous Trustees.</div>
    <div>&#160;</div>
    <div style="color: #141213;">For the period September 1, 2019 through August 31, 2020 there were no common shares repurchased.</div>
    <div>&#160;</div>
    <div style="color: #141213;">The Fund completed an offering to purchase up to 55% of the Fund&#8217;s shares outstanding of the Fund at 99% of the net asset value (&#8220;NAV&#8221;) per common share on March 15, 2019. At the expiration of the offer on March 18, 2019, a
      total of</div>
    <div>&#160;</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">20</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Notes to financial statements</div>
    <div><br>
    </div>
    <div style="color: #141213;">7,365,350 shares or approximately 56.96% of the Fund&#8217;s outstanding common shares were validly tendered. As the total number of shares tendered exceeded the number of shares the Fund offered to purchase and in accordance
      with the rules of the Securities and Exchange Commission allowing the Fund to purchase additional shares not to exceed 2% of the outstanding shares (approximately 258,607 shares) without amending or extending the offer, the Fund elected to purchase
      all shares tendered at a price of $9.25 per share (99% of the NAV of $9.34).</div>
    <div>&#160;</div>
    <div style="color: #141213;">For the period September 1, 2018 through October 9, 2018 there were no common shares repurchased.</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Note 6: Market, Credit and Other Risks</div>
    <div style="color: #141213;">In the normal course of business, the Fund trades financial instruments and enters into financial transactions where risk of potential loss exists due to changes in the market (market risk) or failure of the contracting
      party to the transaction to perform (credit risk). The Fund may be exposed to additional credit risk that an institution or other entity with which the Fund has unsettled or open transactions will default. The Fund may invest in higher-yielding,
      lower-rated bonds that may have a higher rate of default.</div>
    <div>&#160;</div>
    <div style="color: #141213;">U.S. and international markets have experienced significant periods of volatility in recent years due to a number of economic, political and global macro factors including the impact of the coronavirus as a global pandemic
      and related public health issues, growth concerns in the U.S. and overseas, uncertainties regarding interest rates, trade tensions and the threat of tariffs imposed by the U.S. and other countries. These developments as well as other events, such as
      the upcoming U.S. presidential election, could result in further market volatility and negatively affect financial asset prices, the liquidity of certain securities and the normal operations of securities exchanges and other markets. As a result, the
      risk environment remains elevated. The Fund&#8217;s Investment Committee will monitor developments and seek to manage the Fund in a manner consistent with achieving the Fund&#8217;s investment objective, but there can be no assurance that it will be successful
      in doing so.</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Note 7: Senior Loan Commitments</div>
    <div style="color: #141213;">Senior loans are purchased or sold on a when-issued or delayed delivery basis and may be settled a month or more after the trade date, which from time to time can delay the actual investment of available cash balances;
      interest income is accrued based on the terms of the securities. Senior loans can be acquired through an agent, by assignment from another holder of the loan, or as a participation interest in another holder&#8217;s portion of the loan. When the Fund
      invests in a loan or participation, the Fund is subject to the risk that an intermediate participant between the Fund and the borrower will fail to meet its obligations to the Fund, in addition to the risk that the borrower under the loan may default
      on its</div>
    <div>&#160;</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">21</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Notes to financial statements</div>
    <div><br>
    </div>
    <div style="color: #141213;">obligations.&#160; The Fund does not have any senior loan commitments outstanding as of the end of the fiscal year.</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Note 8: Other Matters</div>
    <div style="color: #141213;">Shareholders approved a proposal authorizing the Board of Trustees to take steps to cause the Fund to cease to be a registered investment company (RIC) if the Board determines to proceed.&#160; A committee of the Board has been
      exploring potential acquisitions of controlling stakes in operating companies and other investments that are not securities.&#160; Among other factors, the results of that exercise will assist the Board in determining whether the Fund should cease to be a
      RIC.</div>
    <div>&#160;</div>
    <div style="color: #141213;">During this transitional period, the Board has determined that the Fund should continue to be internally managed and, within the parameters of its existing investment policies and restrictions, invest in securities that are
      likely to generate greater income (the &#8220;Transitional Investment Strategy&#8221;).&#160; The primary focus of the Transitional Investment Strategy will be to acquire discounted shares of income-oriented closed-end investment companies and business development
      companies.&#160; Despite ratification by shareholders of&#160;that plan in August 2019, our efforts have not borne fruit and the plan may be abandoned if we cannot identify an attractive acquisition opportunity in the near future.&#160; A Transitional Investment
      Committee of the Board comprised of Phillip Goldstein, Andrew Dakos, and Rajeev Das is responsible for implementing the Transitional Investment Strategy.</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Accordingly, the information presented in this annual report with respect to the actions and results of the Fund are not meaningful in making any conclusions as to the future performance of the Fund
      whether or not it de-registers as an investment company in the future.</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Note 9: Subsequent Events</div>
    <div style="color: #141213;">The Board of Trustees has evaluated subsequent events after August 31, 2020 and through the date the financial statements were issued and determined there were no subsequent events that would require recognition or
      disclosure in financial statements.</div>
    <div style="color: #141213;"> <br>
    </div>
    <div>&#160;</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">22</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: #141213; font-size: 12pt;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Report of Independent Registered Public Accounting Firm</div>
    <div>&#160;</div>
    <div><br>
    </div>
    <div style="color: #141213; font-weight: bold;">To the Shareholders and Board of Trustees of High Income Securities Fund</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Opinion on the Financial Statements</div>
    <div>&#160;</div>
    <div style="color: #141213;">We have audited the accompanying statement of assets and liabilities of the High Income Securities Fund (the &#8220;Fund&#8221;), including the schedule of investments, as of August 31, 2020, the related statement of operations for the
      year then ended, the statements of changes in net assets for each of the two years in the period then ended, and financial highlights for each of the three years in the period then ended, and the related notes (collectively referred to as the
      &#8220;financial statements&#8221;).&#160; In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of August 31, 2020, the results of its operations for the year then ended, the changes in its net
      assets for each of the two years in the period then ended, and the financial highlights for each of the three years in the period then ended, in conformity with accounting principles generally accepted in the United States of America.</div>
    <div>&#160;</div>
    <div style="color: #141213;">The financial highlights for each of the two years in the period ended August 31, 2017 were audited by other auditors whose report dated October 19, 2017, expressed an unqualified opinion on those financial statements and
      financial highlights.</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Basis for Opinion</div>
    <div>&#160;</div>
    <div style="color: #141213;">These financial statements are the responsibility of the Fund&#8217;s management.&#160; Our responsibility is to express an opinion on the Fund&#8217;s financial statements based on our audits.&#160; We are a public accounting firm registered
      with the Public Company Accounting Oversight Board (United States) (&#8220;PCAOB&#8221;) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities
      and Exchange Commission and the PCAOB.&#160; We have served as the Fund&#8217;s auditor since 2018.</div>
    <div>&#160;</div>
    <div style="color: #141213;">We conducted our audits in accordance with the standards of the PCAOB.&#160; Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material
      misstatement, whether due to error or fraud.&#160; The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.&#160; As part of our audits we are required to obtain an understanding of internal
      control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Fund&#8217;s internal control over financial reporting. Accordingly, we express no such opinion.</div>
    <div>&#160;</div>
    <div style="color: #141213;">Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks.&#160; Such procedures
      included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.&#160; Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
      the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of August 31, 2020 by correspondence with the custodian and brokers; where replies were not received from brokers, we performed other
      auditing procedures.&#160; We believe that our audits provide a reasonable basis for our opinion.</div>
    <div>&#160;</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z802aa6abff43482e83443ed313295930" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
          <td style="width: 40%; vertical-align: top;"><img src="taitwellerbaker1-signature.jpg"></td>
        </tr>
        <tr>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
          <td style="width: 40%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">TAIT, WELLER &amp; BAKER LLP</div>
          </td>
        </tr>

    </table>
    <div style="color: #141213; font-weight: bold;"> <br>
    </div>
    <div style="color: #141213; font-weight: bold;">Philadelphia, Pennsylvania</div>
    <div style="color: #141213; font-weight: bold;">October 28, 2020</div>
    <div>&#160;</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">23</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: #141213; font-size: 12pt;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">General information (unaudited)</div>
    <div><br>
    </div>
    <div style="color: #141213; font-weight: bold;">The Fund</div>
    <div style="color: #141213;">High Income Securities Fund (the &#8220;Fund&#8221;) is a diversified, closed-end management investment company whose common shares trade on the New York Stock Exchange (&#8220;NYSE&#8221;).&#160; The Fund&#8217;s NYSE trading symbol is &#8220;PCF.&#8221;</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Tax information</div>
    <div style="color: #141213;">The Fund designated 8.75% of its ordinary income distribution for the year ended August 31, 2020, as qualified dividend income under the Jobs and Growth Tax Relief Reconciliation Act of 2003.</div>
    <div>&#160;</div>
    <div style="color: #141213;">For the year ended August 31, 2020, 8.40% of dividends paid from net ordinary income qualified for the dividends received deduction available to corporate shareholders.</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Annual meeting of shareholders held on October 27, 2020</div>
    <div style="color: #141213;">The Fund held an annual meeting of shareholders on October 27, 2020 to vote on the following matters:</div>
    <div>&#160;</div>
    <div style="color: #141213;">The presence, in person or by proxy, of shareholders owning at least thirty percent (30%) of the shares entitled to vote on September 15, 2020 shall constitute a quorum for the transaction of business. At the Meeting, the
      holders of approximately 81.11% of the outstanding shares as of the record date were represented&#160; in person or by proxy (4,513,685 votes), thus constituting a quorum for the matters to be voted upon by all shareholders at the Meeting.</div>
    <div>&#160;</div>
    <div style="color: #141213;">At the meeting, the vote on the election of the nominees as the Fund&#8217;s Trustees were approved, as follows:</div>
    <div>&#160;</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z4b2a510c613f4d389d89a52290b012a2" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 40.55%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">Trustee Nominee</div>
          </td>
          <td style="width: 25.12%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #141213; font-weight: bold;">Votes For</div>
          </td>
          <td style="width: 34.33%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #141213; font-weight: bold;">Votes Withheld</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40.55%; vertical-align: top;">
            <div style="color: #141213;">Phillip Goldstein</div>
          </td>
          <td style="width: 25.12%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">4,000,291</div>
          </td>
          <td style="width: 34.33%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">513,395</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40.55%; vertical-align: top;">
            <div style="color: #141213;">Rajeev Das</div>
          </td>
          <td style="width: 25.12%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">4,001,174</div>
          </td>
          <td style="width: 34.33%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">512,512</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40.55%; vertical-align: top;">
            <div style="color: #141213;">Andrew Dakos</div>
          </td>
          <td style="width: 25.12%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">3,994,986</div>
          </td>
          <td style="width: 34.33%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">518,700</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40.55%; vertical-align: top;">
            <div style="color: #141213;">Richard Dayan</div>
          </td>
          <td style="width: 25.12%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">4,344,030</div>
          </td>
          <td style="width: 34.33%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">169,655</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40.55%; vertical-align: top;">
            <div style="color: #141213;">Gerald Hellerman</div>
          </td>
          <td style="width: 25.12%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">3,996,766</div>
          </td>
          <td style="width: 34.33%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">516,920</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40.55%; vertical-align: top;">
            <div style="color: #141213;">Ben H. Harris</div>
          </td>
          <td style="width: 25.12%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">4,358,102</div>
          </td>
          <td style="width: 34.33%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">155,583</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40.55%; vertical-align: top;">
            <div style="color: #141213;">Moritz Sell</div>
          </td>
          <td style="width: 25.12%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">4,349,069</div>
          </td>
          <td style="width: 34.33%; vertical-align: top;">
            <div style="text-align: center; color: #141213;">164,617</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>&#160;</div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">24</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: #141213; font-size: 12pt;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">General information (unaudited)</div>
    <div><br>
    </div>
    <div style="color: #141213; font-weight: bold;">Quarterly Form N-PORT portfolio schedule</div>
    <div style="color: #141213;">The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (&#8220;SEC&#8221;) for the first and third quarters of each fiscal year on Part F of Form N-PORT.&#160; The Fund&#8217;s filings on Part F of
      Form N-PORT are available on the SEC&#8217;s Web site at http://www.sec.gov and upon request by calling 1-888-898-4107.</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">Proxy voting policies, procedures and record</div>
    <div style="color: #141213;">You may obtain a description of the Fund&#8217;s (1) proxy voting policies, (2) proxy voting procedures and (3) information regarding how the Fund voted any proxies related to portfolio securities during the most recent 12-month
      period ended June&#160;30 for which an SEC filing has been made, without charge, upon request by contacting the Fund&#8217;s Shareholder Services at 1-888-898-4107, or on the EDGAR Database on the SEC&#8217;s Web site (http://www.sec.gov).</div>
    <div>&#160;</div>
    <div> <br>
    </div>
    <div> <br>
    </div>
    <div><br>
    </div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">25</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: #141213; font-size: 12pt;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Supplemental information (unaudited)</div>
    <div><br>
    </div>
    <div style="color: #141213;">The following table sets forth the trustees and officers of the Fund, their name, address, age, position with the Fund, term of office and length of service with the Fund, principal occupation or employment during the past
      five years and other directorships held at August 31, 2020.</div>
    <div>&#160;</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z83bab7c399b74ee1be364b54cfd4ebef" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Term of</div>
          </td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Number of</div>
          </td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Office</div>
          </td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Portfolios</div>
          </td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">and</div>
          </td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">in Fund</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Other</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Position(s)</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Length</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Principal Occupation</div>
          </td>
          <td style="width: 13.54%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Complex</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Directorships</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Name, Address</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Held with</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">of Time</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">During the Past</div>
          </td>
          <td style="width: 13.54%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Overseen</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">held by</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">and Age*</div>
          </td>
          <td style="width: 14%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">the Fund</div>
          </td>
          <td style="width: 14%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">Served</div>
          </td>
          <td style="width: 23%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">Five Years</div>
          </td>
          <td style="width: 13.54%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">by Trustee**</div>
          </td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">Trustee</div>
          </td>
        </tr>
        <tr>
          <td colspan="6" style="vertical-align: top;">
            <div style="text-align: center; color: #141213; font-weight: bold;">INTERESTED TRUSTEES</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 23%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">Andrew Dakos***</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">President</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">1 year;</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Member of Bulldog Investors,</div>
          </td>
          <td style="width: 13.54%; vertical-align: top;">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">1</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, Brookfield</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">(54)</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">as of</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Since</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">LLC since 2009; Principal of</div>
          </td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">DTLA Fund Office</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">July 2018.</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">2018</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">the former general partner of</div>
          </td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Trust Investor, Inc.;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">several private investment</div>
          </td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, Emergent</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">partnerships in the Bulldog</div>
          </td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Capital, Inc. (until</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Investors group of private funds.</div>
          </td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">2017); Trustee,</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Crossroads</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Liquidating Trust;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, Special</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Opportunities</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Fund, Inc.;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Chairman, Swiss</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Helvetia Fund, Inc.</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 23%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">Phillip Goldstein***</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Secretary</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">1 year;</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Member of Bulldog Investors,</div>
          </td>
          <td style="width: 13.54%; vertical-align: top;">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">1</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Chairman, The</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">(74)</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">as of</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Since</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">LLC since 2009; Principal of</div>
          </td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Mexico Equity and</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">July 2018.</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">2018</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">the former general partner of</div>
          </td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Income Fund, Inc.;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">several private investment</div>
          </td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Chairman, Special</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">partnerships in the Bulldog</div>
          </td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Opportunities</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Investors group of private funds.</div>
          </td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Fund, Inc.; Director,</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Brookfield DTLA</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Fund Office Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Investor Inc.;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, MVC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Capital, Inc.;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Trustee, Crossroads</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Liquidating Trust;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, Swiss</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Helvetia Fund, Inc.;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Chairman,</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Emergent Capital,</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 13.54%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Inc. (until 2017).</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>&#160;</div>
    <div><br>
    </div>
    <div>&#160;
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">26</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: #141213; font-size: 12pt;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Supplemental information (unaudited)</div>
    <div>&#160;</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z7f07e1288e1f4467b867f12014ab6cf4" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Term of</div>
          </td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Number of</div>
          </td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Office</div>
          </td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Portfolios</div>
          </td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">and</div>
          </td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">in Fund</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Other</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Position(s)</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Length</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Principal Occupation</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Complex</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Directorships</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Name, Address</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Held with</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">of Time</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">During the Past</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Overseen</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">held by</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">and Age*</div>
          </td>
          <td style="width: 14%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">the Fund</div>
          </td>
          <td style="width: 14%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">Served</div>
          </td>
          <td style="width: 23%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">Five Years</div>
          </td>
          <td style="width: 14.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">by Trustee**</div>
          </td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">Trustee</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">Rajeev Das***</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">1 year;</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Principal of Bulldog</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">1</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, The</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">(51)</div>
          </td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Since</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Investors, LLC</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Mexico Equity &amp;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">2018</div>
          </td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Income Fund, Inc.</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" colspan="6" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td colspan="6" style="vertical-align: top;">
            <div style="text-align: center; color: #141213; font-weight: bold;">INDEPENDENT TRUSTEES</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 23%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">Gerald Hellerman</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">1 year;</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Chief Compliance Officer</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">1</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, The</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">(82)</div>
          </td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Since</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">of the Fund and The Mexico</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Mexico Equity and</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">2018</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Equity and Income Fund, Inc.</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Income Fund, Inc.;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">(through March 2020).</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, Special</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Opportunities</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Fund, Inc.; Director,</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">MVC Capital, Inc.;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Trustee, Crossroad</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Liquidating Trust;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Trustee, Fiera</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Capital Series Trust;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, Swiss</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Helvetia Fund, Inc.;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, Emergent</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Capital, Inc. (until</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">2017); Director,</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Ironsides Partners</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Opportunity</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Offshore Fund Ltd.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">(until 2016).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 23%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">Moritz Sell</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">1 year;</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Founder and Principal of</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">1</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, Aberdeen</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">(52)</div>
          </td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Since</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Edison Holdings GmbH and</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Australia Equity</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">2018</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Senior Advisor to Markston</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Fund; Director,</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">International LLC.</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Swiss Helvetia Fund,</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Inc.; Director,</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Aberdeen Global</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Income Fund, Inc,;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, Aberdeen</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Asia-Pacific Income</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Fund, Inc.; Chairman,</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Aberdeen</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Singapore Fund</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">(until 2018);</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, Aberdeen</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Greater China Fund</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">(until 2018).</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>&#160;</div>
    <div><br>
    </div>
    <div>&#160;
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">27</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: #141213; font-size: 12pt;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Supplemental information (unaudited)</div>
    <div>&#160;</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z7e4273a054334c2187d235d1e6f9666c" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Term of</div>
          </td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Number of</div>
          </td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Office</div>
          </td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Portfolios</div>
          </td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">and</div>
          </td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">in Fund</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Other</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Position(s)</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Length</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Principal Occupation</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Complex</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Directorships</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Name, Address</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Held with</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">of Time</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">During the Past</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">Overseen</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213; font-weight: bold;">held by</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">and Age*</div>
          </td>
          <td style="width: 14%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">the Fund</div>
          </td>
          <td style="width: 14%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">Served</div>
          </td>
          <td style="width: 23%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">Five Years</div>
          </td>
          <td style="width: 14.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">by Trustee**</div>
          </td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #141213; font-weight: bold;">Trustee</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">Richard Dayan</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">1 year;</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Owner of CactusTrading.</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">1</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, Swiss</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">(76)</div>
          </td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Since</div>
          </td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Helvetia Fund, Inc.;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">2018</div>
          </td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, Emergent</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Capital Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">(until 2017).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 23%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">Ben Harris</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">&#8212;</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">1 year;</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Chief Executive Officer of HHI,</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">1</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Director, Special</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">(52)</div>
          </td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Since</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">LLC; Principal of NBC Bancshares,</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Opportunities</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">2018</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">LLC; Chief Executive Officer of</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">Fund, Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Crossroads Capital, Inc.;</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Administrator of Crossroads</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Liquidating Trust.</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" colspan="6" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td colspan="6" style="vertical-align: top;">
            <div style="text-align: center; color: #141213; font-weight: bold;">OFFICERS</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 23%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">Andrew Dakos***</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">President</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">1 year;</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Member of Bulldog Investors,</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">n/a</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">n/a</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">(54)</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">as of</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Since</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">LLC; Principal of the former</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">July 2018.</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">2018</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">general partner of several private</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">investment partnerships in the</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Bulldog Investors group of funds.</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 23%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">Thomas Antonucci***</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Treasurer</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">1 year;</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Director of Operations of</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">n/a</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">n/a</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">(51)</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">as of</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Since</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Bulldog Investors, LLC.</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">July 2018.</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">2018</div>
          </td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 23%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">Phillip Goldstein***</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Secretary</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">1 year;</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Member of Bulldog Investors,</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">n/a</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">n/a</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">(74)</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">as of</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Since</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">LLC; Principal of the former</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">July 2018.</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">2018</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">general partner of several private</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">investment partnerships in the</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Bulldog Investors group of funds.</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 23%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">Stephanie Darling***</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Chief</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">1 year;</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">General Counsel and Chief</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">
            <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">n/a</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="color: #141213;">n/a</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #141213;">(50)</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Compliance</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Since</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Compliance Officer of Bulldog</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">Officer</div>
          </td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">2018</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Investors, LLC; Chief Compliance</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">as of</div>
          </td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Officer of Swiss Helvetia Fund,</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">
            <div style="color: #141213;">July 2018.</div>
          </td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Special Opportunities Fund and</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Mexico Equity and Income Fund,</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Principal, the Law Office of</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">Stephanie Darling; Editor-In-Chief,</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="color: #141213;">the Investment Lawyer.</div>
          </td>
          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z8941605d141746a389ca5aa57cff8ddb" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 3%; vertical-align: top;">
            <div style="text-align: right; color: #141213;">*</div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 96%; vertical-align: top;">
            <div style="color: #141213;">The address for all trustees and officers is c/o High Income Securities Fund, 615 East Michigan Street, Milwaukee, WI 53202.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">
            <div style="text-align: right; color: #141213;">**</div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 96%; vertical-align: top;">
            <div style="color: #141213;">The Fund Complex is comprised of only the Fund.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">
            <div style="text-align: right; color: #141213;">***</div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 96%; vertical-align: top;">
            <div style="color: #141213;">Messrs. Dakos, Goldstein, Das, and Antonucci and Ms. Darling are each considered an &#8220;interested person&#8221; of the Fund within the meaning of the 1940 Act because of their affiliation with Bulldog Investors, LLC and
              their positions as officers of the Fund.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">28</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader" style="width: 100%;">
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;"><br>
        </div>
        <div style="color: rgb(20, 18, 19); font-family: 'Times New Roman',Times,serif; font-size: 14pt;">High Income Securities Fund</div>
      </div>
    </div>
    <div style="color: #141213; font-size: 12pt;"> <br>
    </div>
    <div style="color: #141213; font-size: 12pt;">Privacy policy notice</div>
    <div><br>
    </div>
    <div style="color: #141213;">The following is a description of the Fund&#8217;s policies regarding disclosure of nonpublic personal information that you provide to the Fund or that the Fund collects from other sources.&#160; In the event that you hold shares of
      the Fund through a broker-dealer or other financial intermediary, the privacy policy of the financial intermediary would govern how your nonpublic personal information would be shared with unaffiliated third parties.</div>
    <div>&#160;</div>
    <div style="color: #141213;">CATEGORIES OF INFORMATION THE FUND COLLECTS.&#160; The Fund collects the following nonpublic personal information about you:</div>
    <div>&#160;</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z5148934964e943acb128bda32bd9f4ca" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: #141213;">1.</div>
          </td>
          <td style="width: 93.53%; vertical-align: top;">
            <div style="color: #141213;">Information from the Consumer: this category includes information the Fund receives from you on or in applications or other forms, correspondence, or conversations (such as your name, address, phone number, social
              security number, assets, income and date of birth); and</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 93.53%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: #141213;">2.</div>
          </td>
          <td style="width: 93.53%; vertical-align: top;">
            <div style="color: #141213;">Information about the Consumer&#8217;s transactions: this category includes information about your transactions with the Fund, its affiliates, or others (such as your account number and balance, payment history, parties
              to transactions, cost basis information, and other financial information).</div>
          </td>
        </tr>

    </table>
    <div style="color: #141213;"> <br>
    </div>
    <div style="color: #141213;">CATEGORIES OF INFORMATION THE FUND DISCLOSES.&#160; The Fund does not disclose any nonpublic personal information about their current or former shareholders to unaffiliated third parties, except as required or permitted by law.&#160;
      The Fund is permitted by law to disclose all of the information it collects, as described above, to its service providers (such as the Custodian, administrator and transfer agent) to process your transactions and otherwise provide services to you.</div>
    <div>&#160;</div>
    <div style="color: #141213;">CONFIDENTIALITY AND SECURITY.&#160; The Fund restricts access to your nonpublic personal information to those persons who require such information to provide products or services to you.&#160; The Fund maintains physical, electronic
      and procedural safeguards that comply with federal standards to guard your nonpublic personal information.</div>
    <div>&#160;</div>
    <div style="color: #141213; font-weight: bold;">This privacy policy notice is not a part of the shareholder report.</div>
    <div>&#160;</div>
    <div> <br>
    </div>
    <div> <br>
    </div>
    <div><br>
    </div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter" style="width: 100%;"></div>
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">29</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader"></div>
    </div>
    <div style="color: #141213; font-weight: bold;">Transfer Agent and Registrar,</div>
    <div style="color: #141213; font-weight: bold;">Fund Administrator and Fund Accountant</div>
    <div style="color: #141213;">U.S. Bancorp Fund Services, LLC</div>
    <div style="color: #141213;">615 East Michigan Street</div>
    <div style="color: #141213;">Milwaukee, WI&#160; 53202</div>
    <div><br>
    </div>
    <div style="color: #141213; font-weight: bold;">Custodian</div>
    <div style="color: #141213;">U.S. Bank, N.A.</div>
    <div style="color: #141213;">Custody Operations</div>
    <div style="color: #141213;">1555 North RiverCenter Drive, Suite 302</div>
    <div style="color: #141213;">Milwaukee, WI&#160; 53212</div>
    <div><br>
    </div>
    <div style="color: #141213; font-weight: bold;">Fund Counsel</div>
    <div style="color: #141213;">Blank Rome LLP</div>
    <div style="color: #141213;">1271 Avenue of the Americas</div>
    <div style="color: #141213;">New York, NY&#160; 10020</div>
    <div><br>
    </div>
    <div style="color: #141213; font-weight: bold;">Independent Registered Public Accounting Firm</div>
    <div style="color: #141213;">Tait, Weller &amp; Baker LLP</div>
    <div style="color: #141213;">Two Liberty Place</div>
    <div style="color: #141213;">50 South 16th Street, Suite 2900</div>
    <div style="color: #141213;">Philadelphia, PA&#160; 19102</div>
    <div><br>
    </div>
    <div style="color: #141213; font-weight: bold;">Board of Trustees</div>
    <div style="color: #141213;">Andrew Dakos</div>
    <div style="color: #141213;">Phillip Goldstein</div>
    <div style="color: #141213;">Ben Harris</div>
    <div style="color: #141213;">Gerald Hellerman</div>
    <div style="color: #141213;">Rajeev Das</div>
    <div style="color: #141213;">Moritz Sell</div>
    <div style="color: #141213;">Richard Dayan</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="color: #141213; font-weight: bold;">High Income Securities Fund</div>
    <div style="color: #141213; font-weight: bold;">1-888-898-4107</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 3px; color: #000000; background-color: #000000;" noshade="noshade"></div>
    </div>
    <div>
      <div style="font-weight: bold;"><u>Item 2. Code of Ethics.</u></div>
      <div><br>
      </div>
      <div>The registrant has adopted a code of ethics that applies to the registrant&#8217;s principal executive officer and principal financial officer. The registrant has not granted any waivers from any provisions of the code of ethics during the period
        covered by this report. The registrant has not made any amendments to its code of ethics during the period covered by this report.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Item 3. Audit Committee Financial Expert.</u></div>
      <div><br>
      </div>
      <div>The registrant&#8217;s board of trustees has determined that there is at least one audit committee financial expert serving on its audit committee. Richard Dayan is the &#8220;audit committee financial expert&#8221; and is considered to be &#8220;independent&#8221; as each
        term is defined in Item&#160;3 of Form&#160;N&#8209;CSR.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Item 4. Principal Accountant Fees and Services.</u></div>
      <div><br>
      </div>
      <div>The registrant has engaged its principal accountant to perform audit services, audit-related services, tax services and other services during the past two fiscal years.&#160; &#8220;Audit services&#8221; refer to performing an audit of the registrant's annual
        financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years.&#160; &#8220;Audit-related services&#8221; refer to the assurance and related services by the
        principal accountant that are reasonably related to the performance of the audit.&#160; &#8220;Tax services&#8221; refer to professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning.&#160; &#8220;Other services&#8221; provided by
        the principal accountant were an assessment.&#160; The following table details the aggregate fees billed or expected to be billed for each of the last two fiscal years for audit fees, audit-related fees, tax fees and other fees by the principal
        accountant.<font style="font-style: italic;">&#160;</font>The principal accountant for the fiscal years ended August 31, 2019 and August 31, 2020 was Tait, Weller &amp; Baker LLP (&#8220;TW&#8221;).</div>
      <div><br>
      </div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z3cc8cc06476f454ea97b62edf31c67a6" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 35.83%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 32.09%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">FYE&#160; 8/31/2020</div>
            </td>
            <td style="width: 32.09%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">FYE&#160; 8/31/2019</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.83%; vertical-align: top;">
              <div>Audit Fees</div>
            </td>
            <td style="width: 32.09%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$31,500 (TW)</div>
            </td>
            <td style="width: 32.09%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$31,000 (TW)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.83%; vertical-align: top;">
              <div>Audit-Related Fees</div>
            </td>
            <td style="width: 32.09%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$-</div>
            </td>
            <td style="width: 32.09%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.83%; vertical-align: top;">
              <div>Tax Fees</div>
            </td>
            <td style="width: 32.09%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3,300 (TW)</div>
            </td>
            <td style="width: 32.09%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3,300 (TW)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.83%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div>All Other Fees</div>
            </td>
            <td style="width: 32.09%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$-</div>
            </td>
            <td style="width: 32.09%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$-</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>The audit committee has adopted pre-approval policies and procedures that require the audit committee to pre&#8209;approve all audit and non&#8209;audit services of the registrant, including services provided to any entity affiliated with the registrant.</div>
      <div><br>
      </div>
      <div><font style="color: #000000;">The percentage of fees billed by </font>Tait, Weller &amp; Baker LLP for the years ended August 31, 2019 and August 31, 2020, respectively,<font style="font-weight: bold;">&#160;</font><font style="color: #000000;">applicable
          to non-audit services pursuant to waiver of pre-approval requirement were as follows:</font></div>
      <div><br>
      </div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z8fca264c56404935952600daa072daad" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 35.83%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 32.09%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">FYE&#160; 8/31/2020</div>
            </td>
            <td style="width: 32.09%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">FYE&#160; 8/31/2019</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.83%; vertical-align: top;">
              <div>Audit-Related Fees</div>
            </td>
            <td style="width: 32.09%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">0%</div>
            </td>
            <td style="width: 32.09%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">0%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.83%; vertical-align: top;">
              <div>Tax Fees</div>
            </td>
            <td style="width: 32.09%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">0%</div>
            </td>
            <td style="width: 32.09%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">0%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.83%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div>All Other Fees</div>
            </td>
            <td style="width: 32.09%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">0%</div>
            </td>
            <td style="width: 32.09%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">0%</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>All of the principal accountant&#8217;s hours spent on auditing the registrant&#8217;s financial statements were attributed to work performed by full&#8209;time permanent employees of the principal accountant.</div>
      <div><br>
      </div>
      <div>The following table indicates the non-audit fees billed<font style="font-style: italic;">&#160;</font>or expected to be billed by the registrant&#8217;s accountant for services to the registrant and to the registrant&#8217;s investment adviser (and any other
        controlling entity, etc.&#8212;not sub-adviser) for the last two years.&#160; The audit committee of the board of trustees/directors has considered whether the provision of non-audit services that were rendered to the registrant's investment adviser is
        compatible with maintaining the principal accountant's independence and has concluded that the provision of such non-audit services by the accountant has not compromised the accountant&#8217;s independence.</div>
      <div><br>
      </div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="ze3beed9ec84745cf88a5928e4855e2a2" border="0" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>Non-Audit Related Fees</div>
            </td>
            <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">FYE&#160; 8/31/2020</div>
            </td>
            <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">FYE&#160; 8/31/2019</div>
            </td>
          </tr>
          <tr>
            <td style="width: 36%; vertical-align: top;">
              <div>Registrant</div>
            </td>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center;">$0</div>
            </td>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center;">$0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 36%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>Registrant&#8217;s Investment Adviser</div>
            </td>
            <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">$0</div>
            </td>
            <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">$0</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Item 5. Audit Committee of Listed Registrants.</u></div>
      <div><br>
      </div>
      <div>The registrant is an issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934, (the &#8220;Act&#8221;) and has a separately-designated standing audit committee established in accordance with Section&#160;3(a)(58)(A) of the Act.&#160; The independent
        members of the committee are as follows: Gerald Hellerman, Moritz Sell, and Richard Dayan.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Item 6. Investments.</u></div>
      <div><br>
      </div>
      <div>Schedule of Investments is included as part of the report to shareholders filed under Item 1 of this Form.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.</u></div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">HIGH INCOME SECURITIES FUND</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">PROXY VOTING POLICY</div>
      <div><br>
      </div>
      <div>The Board of Trustees has delegated the voting of proxies with respect to securities owned by the Fund to the Investment Committee.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Proxy Voting Policies</u></div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Investment Committee generally analyzes the proxy statements of issuers of stock owned by the Fund, as necessary and votes proxies on behalf of the Fund.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Investment Committee&#8217;s decisions with respect to proxy issues are made in light of the anticipated impact of the issue on the value of the investment.&#160; Proxies are voted solely in the interests of Fund
        shareholders.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Proxy Voting Procedures</u></div>
      <div><br>
      </div>
      <div style="text-align: justify;">In evaluating proxy statements, the Investment Committee relies upon its own fundamental research, and information presented by company management and others.&#160; It does not delegate its proxy voting responsibility to
        a third party proxy voting service.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Proxy Voting Guidelines</u></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund will generally vote proxies in favor of proposals that, in the opinion of the members of the Investment Committee, seek to enhance shareholder value and shareholder democracy.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">With respect to proxies of closed-end investment companies held by the Fund, in order to comply with Section 12(d) of the Investment Company Act of 1940, the Fund will &#8220;mirror vote&#8221; all such
        proxies received by the Fund, unless the Investment Committee deems it appropriate to seek instructions from Fund shareholders with regard to such vote. In such circumstances, the Fund will vote such proxies as determined by a majority of the proxy
        voting instructions received by shareholders.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Form N-PX/Annual Report of Proxy Voting Record</u></div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #000000;"><font style="font-weight: bold;">Policy:&#160; </font>Form N-PX is used by funds to file reports with the SEC containing the Fund&#8217;s proxy voting record for the most recent 12-month period ended December
        31.&#160; The Form must be filed no later than August 31 of each year.&#160; The following information must be collected for the Fund in order to complete and file Form N-PX:</div>
      <div>&#160;</div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zdebee11a173b4e14a7d539c6babe557d" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; color: #000000;">1.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; color: #000000;">The name of the issuer of the portfolio security;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z647af4a72d8f4339b78ead54878d89fa" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; color: #000000;">2.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; color: #000000;">The exchange ticker symbol of the portfolio security;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8db3abda1316450fbea50fd9cafab4dd" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; color: #000000;">3.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; color: #000000;">The CUSIP number (may be omitted if it is not available through reasonably practicable means);</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z56ed9d9eeed444a99188d2724d628268" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; color: #000000;">4.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; color: #000000;">The shareholder meeting date;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6bcb7627771c4684bac0f1c6dcdc9373" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; color: #000000;">5.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; color: #000000;">A brief description of the matter voted on;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc99d4520de6d441d933a59e392490b70" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; color: #000000;">6.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; color: #000000;">Whether the matter was proposed by the issuer or the security holder;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc2b6b16d79b44ce186eaaffd06f8d132" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; color: #000000;">7.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; color: #000000;">Whether the Fund cast its vote on the matter;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zfc0cbad9af6b426ba36abd817d1906f9" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; color: #000000;">8.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; color: #000000;">How the Fund cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors); and</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6683cb3c938248b0805bc11a2abc816a" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; color: #000000;">9.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; color: #000000;">Whether the Fund cast its vote for or against management.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="font-weight: bold;"><u>Item 8. Portfolio Managers of Closed-End Management Investment Companies.</u></div>
      <div><br>
      </div>
      <div>Information is presented as of October 31, 2020</div>
      <div><br>
      </div>
      <div>(a)(1):</div>
      <div><br>
      </div>
      <div>The Fund is managed by its Transitional Investment Committee, which is comprised of Phillip Goldstein, Andrew Dakos, and Rajeev Das. The business experience of Messrs. Goldstein, Dakos, and Das during the past 5 years is as follows:</div>
      <div><br>
      </div>
      <div>Phillip Goldstein: Managing Member of Bulldog Investors, LLC since its inception in October 2009. Mr. Goldstein also is a member of Bulldog Holdings, LLC, the owner of several entities that served until 2020 as the general partner of several
        private investment partnerships in the Bulldog Investors group of funds, and the owner of Kimball &amp; Winthrop, LLC, the managing general partner of Bulldog Investors General Partnership, since 2012.&#160; He is a director of the following closed-end
        funds: Swiss Helvetia Fund, Inc. since 2018, Special Opportunities Fund, Inc. since 2009, and Mexico Equity and Income Fund since 2000.&#160; He also is a director of: MVC Capital, Inc., a business development company, since 2012, Brookfield DTLA Fund
        Office Trust Investor, a subsidiary of a large commercial real estate company, since 2017, and is a trustee of Crossroads Liquidating Trust (f/k/a Crossroads Capital, Inc., a business development company), since 2016. He served as a director of
        Emergent Capital, Inc. (f/k/a Imperial Holdings, Inc.), a specialty finance company, from 2012-2017.</div>
      <div><br>
      </div>
      <div>Andrew Dakos: Managing Member of Bulldog Investors, LLC since its inception in October 2009. Mr. Dakos also is a member of Bulldog Holdings, LLC, the owner of several entities that served until 2020 as the general partner of several private
        investment partnerships in the Bulldog Investors group of funds, and the owner of Kimball &amp; Winthrop, LLC, the managing general partner of Bulldog Investors General Partnership, since 2012.&#160; He has served as a director of Special Opportunities
        Fund, Inc., a closed-end fund, since 2009, the Mexico Equity and Income Fund, a closed-end fund, from 2001-2015, Emergent Capital, Inc. (f/k/a Imperial Holdings, Inc.), a specialty finance company, from 2012-2017, Swiss Helvetia Fund, Inc., a
        closed-end fund, since 2017, Brookfield DTLA Fund Office Trust Investor, a subsidiary of a large commercial real estate company, since 2017, and as a trustee of Crossroads Liquidating Trust (f/k/a Crossroads Capital, Inc., a business development
        company), since 2015.</div>
      <div><br>
      </div>
      <div>Rajeev Das: Head Trader of Bulldog Investors, LLC since its inception in October 2009. Since 2004, Mr. Das has been a Principal of the entities that served until 2020 as the general partner of the private investment partnerships in the Bulldog
        Investors group of funds. He has been a director of The Mexico Equity and Income Fund, Inc., a closed-end fund, since 2001. Mr. Das provides investment research and analysis. Mr. Das buys and sells securities for the Fund&#8217;s portfolio under the
        supervision of Mr. Goldstein and Mr. Dakos.</div>
      <div><br>
      </div>
      <div>(a)(2):&#160; Information is provided as of August 31, 2020 (per instructions to paragraph (a)(2).</div>
      <div><br>
      </div>
      <div>(i) Phillip Goldstein, Andrew Dakos and Rajeev Das</div>
      <div>(ii) Number of other accounts managed by Mr. Goldstein, Mr. Dakos and Mr. Das within each of the following categories:</div>
      <div style="text-indent: 36pt;">(A) Registered investment companies:&#160; 1</div>
      <div style="text-indent: 36pt;">(B) Other pooled investment vehicles:&#160; 8</div>
      <div style="text-indent: 36pt;">(C) Other accounts:&#160; 167</div>
      <div>(iii)&#160; Number of other pooled investment vehicles, and total assets therein, with respect to which the advisory fee is based on the performance of the account: 8 pooled investment vehicles; $42.43 million (estimated). Number of &#8220;other accounts,&#8221;
        and total assets therein, with respect to which the advisory fee is based on the performance of the account:&#160; 3 other accounts; $3.7 million (estimated).</div>
      <div><br>
      </div>
      <div>(iv) Certain conflicts of interest may arise in connection with the Transitional Investment Committee&#8217;s management of the Fund&#8217;s portfolio and the portfolios of other accounts managed by members of the Transitional Investment Committee.&#160; For
        example, certain inherent conflicts of interest exist in connection with managing accounts that pay a performance-based fee or allocation alongside an account that does not.&#160; These conflicts may include an incentive to favor such accounts over the
        Fund because the investment advisor of such accounts can potentially receive greater fees from accounts paying a performance-based fee than from the Fund.&#160; As a result, certain members of the Transitional Investment Committee may have an incentive
        to direct their best investment ideas to, or allocate or sequence trades in favor of such accounts.&#160; In addition, in cases where the investment strategies are the same or very similar, various factors (including, but not limited to, tax
        considerations, amount of available cash, and risk tolerance) may result in substantially different portfolios in such accounts.</div>
      <div><br>
      </div>
      <div>(a)(3): The members of the Transitional Investment Committee are compensated by the Registrant for their positions on the Transitional Investment Committee in the amount of $100,000 each for Phillip Goldstein and Andrew Dakos, and $50,000 for
        Rajeev Das on an annual basis paid monthly in advance.</div>
      <div><br>
      </div>
      <div>(a)(4):&#160; Information is provided as of August 31, 2020 (per instructions to paragraph (a)(4)).</div>
      <div><br>
      </div>
      <div>As of August 31, 2020, Mr. Goldstein beneficially owned 150,000 shares (held Directly) and 107 shares (held Indirectly) of common stock of the Registrant; Mr. Dakos beneficially owned 70,000 shares (held Directly) and 7 shares (held Indirectly)
        of common stock of the Registrant; and Mr. Das beneficially owns no shares of common stock of the Registrant.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Item 9. Purchases of Equity Securities by Closed&#8209;End Management Investment Company and Affiliated Purchasers.</u></div>
      <div><br>
      </div>
      <table style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" id="z10ccbba78140429ba24d539a3b24320d" border="0" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 20%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="font-style: italic; font-weight: bold; margin-left: 9pt;">Period</div>
            </td>
            <td style="width: 20%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">(a)<br>
              </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">Total Number of </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">Shares (or Units) </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">Purchased</div>
            </td>
            <td style="width: 20%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">(b)<br>
              </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">Average Price Paid </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">per Share (or Unit)</div>
            </td>
            <td style="width: 20%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">(c)<br>
              </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">Total Number of </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">Shares (or Units) </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">Purchased as Part </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">of Publicly </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">Announced Plans </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">or Programs</div>
            </td>
            <td style="width: 20%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">(d)<br>
              </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">Maximum Number </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">(or Approximate </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">Dollar Value) of </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">Shares (or Units) </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">that May Yet Be </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">Purchased Under </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">the Plans or </div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic; font-weight: bold;">Programs</div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">March 1 &#8211; March 31, 2020</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">N/A</div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">April 1 - April 30, 2020</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">N/A</div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">May 1- May 31, 2020</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">N/A</div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">June 1 &#8211; June 30, 2020</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">N/A</div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">July 1 &#8211; July 31, 2020</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">N/A</div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">August 1 &#8211; August 31, 2020</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">N/A</div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">Total</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">-</div>
            </td>
            <td style="width: 20%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="margin-left: 9pt;">N/A</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Item 10. Submission of Matters to a Vote of Security Holders.</u></div>
      <div><br>
      </div>
      <div>Not Applicable.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Item 11. Controls and Procedures.</u></div>
      <div><br>
      </div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zead359e760ec4e9cb235fbb867a01514" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 18pt; vertical-align: top; align: right;">
                <div>(a)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>The Registrant&#8217;s President and Treasurer have reviewed the Registrant's disclosure controls and procedures (as defined in Rule&#160;30a-3(c) under the Investment Company Act of 1940 (the &#8220;Act&#8221;)) as of a date within 90 days of the filing of
                  this report, as required by Rule&#160;30a-3(b) under the Act and Rules&#160;13a-15(b) or 15d&#8209;15(b) under the Securities Exchange Act of 1934.&#160; Based on their review, such officers have concluded that the disclosure controls and procedures are
                  effective in ensuring that information required to be disclosed in this report is appropriately recorded, processed, summarized and reported and made known to them by others within the Registrant and by the Registrant&#8217;s service provider.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z26e60cb8e9d94c268d182b9f1f56fc2c" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 18pt; vertical-align: top; align: right;">
                <div>(b)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the second fiscal quarter of the period covered by this report that have materially
                  affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies</u></div>
      <div><br>
      </div>
      <div>The registrant did not engage in securities lending activities during the fiscal year reported on this Form N-CSR.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Item 13. Exhibits.</u></div>
      <div><br>
      </div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5101a86df4ea4f1c9423badb75608901" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 18pt; vertical-align: top; align: right;">
                <div>(a)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div><a href="https://www.sec.gov/Archives/edgar/data/810943/000089853118000615/hisf-ex99codeeth.htm">(1) <font style="font-style: italic;">Any code of ethics or amendment thereto, that is the subject of the disclosure required by Item&#160;2,
                      to the extent that the registrant intends to satisfy Item&#160;2 requirements through filing an exhibit. </font> Incorporated by reference to the registrant&#8217;s Form N-CSR filed on November 7, 2018.</a></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="margin-left: 18pt;"><a href="hisf-ex99cert302.htm">(2) <font style="font-style: italic;">A separate certification for each principal executive officer and principal
            financial officer pursuant to Section&#160;302 of the Sarbanes-Oxley Act of 2002.&#160; </font>Filed herewith.</a></div>
      <div><br>
      </div>
      <div style="margin-left: 18pt;">(3) <font style="font-style: italic;">Any written solicitation to purchase securities under Rule 23c&#8209;1 under the Act sent or given during the period covered by the report by or on behalf of the registrant to 10 or
          more persons.&#160; </font>None.</div>
      <div><br>
      </div>
      <div style="margin-left: 18pt; font-style: italic;">(4) Change in the registrant&#8217;s independent public accountant. There was no change in the registrant&#8217;s independent public accountant for the period covered by this report.</div>
      <div><br>
      </div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zcb1e9e5b8c3242e7b79d31b57bdf52b9" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 18pt; vertical-align: top; align: right;">
                <div style="font-style: italic;">(b)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div><a href="hisf-ex99cert906.htm"><font style="font-style: italic;">Certifications pursuant to Section&#160;906 of the Sarbanes&#8209;Oxley Act of 2002.</font>&#160; Furnished herewith.</a></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageFooter"></div>
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
        <div id="DSPFPageHeader"></div>
      </div>
      <div style="font-weight: bold;">SIGNATURES</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934 and 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 style="text-indent: 36pt;">(Registrant) &#160;&#160; <u>High Income Securities Fund</u><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 360pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
      <div><br>
      </div>
      <div style="font-family: 'Times New Roman',Times,serif; margin-left: 36pt;">By (Signature and Title)*&#160;&#160;&#160; <u>/s/</u><u>Andrew Dakos</u></div>
      <div style="font-family: 'Times New Roman',Times,serif; margin-left: 144pt;">Andrew Dakos, President</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Date&#160;&#160;&#160; <u>November 6, 2020</u> </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities
        and on the dates indicated.</div>
      <div><br>
      </div>
      <div style="font-family: 'Times New Roman',Times,serif; margin-left: 36pt;">By (Signature and Title)*&#160;&#160;&#160; <u>/s/Andrew Dakos</u></div>
      <div style="font-family: 'Times New Roman',Times,serif; margin-left: 144pt;">Andrew Dakos, President</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Date&#160;&#160;&#160; <u>November 6, 2020</u> </div>
      <div><br>
      </div>
      <div style="font-family: 'Times New Roman',Times,serif; margin-left: 36pt;">By (Signature and Title)*&#160;&#160;&#160; <u>/s/Thomas Antonucci</u></div>
      <div style="font-family: 'Times New Roman',Times,serif; margin-left: 144pt;">Thomas Antonucci, Treasurer</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Date&#160;&#160;&#160; <u>November 6, 2020</u> </div>
      <div><br>
      </div>
      <div style="font-style: italic;">* Print the name and title of each signing officer under his or her signature.</div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
  </div>
  <div><br>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <br>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>hisf-ex99cert302.htm
<DESCRIPTION>CERTIFICATION 302
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Dixon MRD & Co.
         Document created using EDGARfilings PROfile 7.2.0.0
         Copyright 1995 - 2020 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
    <div style="text-align: center; font-weight: bold;"><u>CERTIFICATIONS</u></div>
    <div><br>
    </div>
    <div>I, Andrew Dakos, certify that:</div>
    <div><br>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zcd1f6832faf74452b61f9aafece50cba" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div>1.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>I have reviewed this report on Form N-CSR of High Income Securities Fund;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2e91892539264c5eadeb20a923d98179" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div>2.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
                misleading with respect to the period covered by this report;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z513ade80f9414549b11ec7ab40d4368d" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div>3.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if
                the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd04eeeccc9454e64a5b0188c1634b142" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div>4.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>The registrant&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over
                financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z46c9d6b430d14c9d943fb6bee3f4a1cf" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div style="margin-left: 18pt;">(a)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated
                subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z12286732f36d4992a3292199cad09a13" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div style="margin-left: 18pt;">(b)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and
                the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd049ef61d3e9416ead5615cd0bd5ee3e" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div style="margin-left: 18pt;">(c)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the
                filing date of this report based on such evaluation; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5a045bebfe954364a8f528ab725132ca" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div style="margin-left: 18pt;">(d)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely
                to materially affect, the registrant&#8217;s internal control over financial reporting; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za1258c2064774c54b43f73d0d14b81ec" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div>5.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>The registrant&#8217;s other certifying officer(s) and I have disclosed to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z797d15d96d104be8b0d33abe7ac2f93f" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36.7pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div style="margin-left: 18pt;">(a)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize, and
                report financial information; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zeecf9cc3211245a6bf24834cfd31278c" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36.7pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div style="margin-left: 18pt;">(b)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z395025a17b624282972940868320b19e" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 44.33%; vertical-align: top;">
            <div>Date:&#160;&#160;&#160; <u>November 6, 2020</u> </div>
          </td>
          <td style="width: 0.33%; vertical-align: middle;">&#160;</td>
          <td style="width: 55.34%; vertical-align: bottom;">
            <div><u>/s/</u><u>Andrew Dakos</u><u></u><br>
              Andrew Dakos<br>
              President</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter"></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 3px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader"></div>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>CERTIFICATIONS</u></div>
    <div><br>
    </div>
    <div>I, Thomas Antonucci, certify that:</div>
    <div><br>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z380618a4198040228d289220c25f695c" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div>1.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>I have reviewed this report on Form N-CSR of High Income Securities Fund;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z88618a384c6c4d2aa784dd20a8a9b9a7" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div>2.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
                misleading with respect to the period covered by this report;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8908ea13db324185aa41683d3735befd" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div>3.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if
                the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z68f1d621d5d54478b3f78fd94db1830d" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div>4.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>The registrant&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over
                financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zaf79785e2cfb4075bba5d309c2814486" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div style="margin-left: 18pt;">(a)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated
                subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z31353db227b44d52bcd1ee104f64c6a6" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div style="margin-left: 18pt;">(b)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and
                the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf0951dd6f6ef4f8cb5bd2bb6e8c7060c" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div style="margin-left: 18pt;">(c)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the
                filing date of this report based on such evaluation; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z884c3c3e6ff440c2bc52345ef11618e0" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div style="margin-left: 18pt;">(d)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely
                to materially affect, the registrant&#8217;s internal control over financial reporting; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7fea459a2ca5485cab01b5d3ebcb0163" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div>5.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>The registrant&#8217;s other certifying officer(s) and I have disclosed to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z12c07910fb6645838633806f58f45e2e" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36.75pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div style="margin-left: 18pt;">(a)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize, and
                report financial information; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze2f24f29d5d4416586215c31791b3a3d" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36.75pt; vertical-align: top; align: right;">
              <div>&#160;</div>
              <div style="margin-left: 18pt;">(b)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>&#160;</div>
              <div>Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z07aace45f4954d4eb57d151ba7cb7ac3" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 44.33%; vertical-align: top;">
            <div>Date:&#160;&#160;&#160; <u>November 6, 2020</u> </div>
          </td>
          <td style="width: 0.33%; vertical-align: middle;">&#160;</td>
          <td style="width: 55.34%; vertical-align: bottom;">
            <div><u>/s/</u><u>Thomas Antonucci</u><u></u><br>
              Thomas Antonucci<br>
              Treasurer</div>
          </td>
        </tr>

    </table>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906 CERT
<SEQUENCE>3
<FILENAME>hisf-ex99cert906.htm
<DESCRIPTION>CERTIFICATION 906
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Dixon MRD & Co.
         Document created using EDGARfilings PROfile 7.2.0.0
         Copyright 1995 - 2020 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
    <div style="text-align: center; font-weight: bold;"><u>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act</u></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned officers of the High Income Securities Fund, does hereby certify, to such officer&#8217;s knowledge, that the report on Form N-CSR of the High
      Income Securities Fund for the year ended August 31, 2020 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as applicable, and that the information contained in the Form N-CSR fairly presents, in
      all material respects, the financial condition and results of operations of the High Income Securities Fund for the stated period.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z923912fc5d7c423181a8914198ec4986" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div><u>/s/Andrew Dakos</u>
              <div>Andrew Dakos</div>
              <div>President, High Income Securities Fund</div>
              <div>&#160;</div>
            </div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div><u>/s/Thomas Antonucci</u>
              <div>Thomas Antonucci</div>
              <div>Treasurer, High Income Securities Fund</div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div>Dated:&#160;&#160;&#160; <u>November 6, 2020</u> </div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>This statement accompanies this report on Form N-CSR pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed as filed by High Income Securities Fund for purposes of Section 18 of the Securities Exchange Act of 1934.</div>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>phillip_goldstein-signature.jpg
<DESCRIPTION>PHILLIP GOLDSTEIN SIGNATURE
<TEXT>
begin 644 phillip_goldstein-signature.jpg
M_]C_X  02D9)1@ ! @$ > !X  #_X0QM17AI9@  34T *@    @ #0$   ,
M   !"<P   $!  ,    ! GT   $"  ,    !  $   $#  ,    !  4   $&
M  ,    !      $2  ,    !  $   $5  ,    !  $   $:  4    !
MJ@$;  4    !    L@$H  ,    !  (   $Q  (    >    N@$R  (    4
M    V(=I  0    !    [    1@ $D^    G$  23X   "<0061O8F4@4&AO
M=&]S:&]P($-3,B!-86-I;G1O<V@ ,C Q,#HP,SHS,2 Q,SHU,3HS,@   Z !
M  ,    !__\  * "  0    !    ]: #  0    !    +@         & 0,
M P    $ !@   1H !0    $   %F 1L !0    $   %N 2@  P    $  @
M @$ !     $   %V @( !     $   KO         $@    !    2     '_
MV/_@ !!*1DE&  $"  !( $@  /_M  Q!9&]B95]#30 !_^X #D%D;V)E &2
M     ?_; (0 # @(" D(# D)#!$+"@L1%0\,# \5&!,3%1,3&!$,# P,# P1
M# P,# P,# P,# P,# P,# P,# P,# P,# P,# $-"PL-#@T0#@X0% X.#A04
M#@X.#A01# P,# P1$0P,# P,#!$,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,_\  $0@ '@"@ P$B  (1 0,1 ?_=  0 "O_$ 3\   $% 0$! 0$!
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M#9=^=_)7*Y?^,SI-Q^R_5^NWJ>:]F\'T;FTTM):W[1F14<KT*]_J?J^/;O\
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M  (   !( $@      M@"*  !    9     $  P,#     7__  $  0
M         &@( !D!D       (
M.$))30/M       0 '@    !  $ >     $  3A"24T$)@      #@
M       _@   .$))300-       $    >#A"24T$&0      !    !XX0DE-
M _,       D           $ .$))300*       !   X0DE-)Q        H
M 0         !.$))30/T       2 #4    ! "T    &       !.$))30/W
M       <  #_____________________________ ^@  #A"24T$"
M$     $   )    "0      X0DE-!!X       0     .$))300:      -K
M    !@              +@   /4    ; %, :0!G &X 80!T '4 <@!E "T
M4 !H &D ; !L &D <  @ $< ;P!L &0 <P!T &4 :0!N     0
M               !              #U    +@                     !
M                         !     !        ;G5L;     (    &8F]U
M;F1S3V)J8P    $       !28W0Q    !     !4;W @;&]N9P
M3&5F=&QO;F<          $)T;VUL;VYG    +@    !29VAT;&]N9P   /4
M   &<VQI8V5S5FQ,<P    %/8FIC     0      !7-L:6-E    $@    =S
M;&EC94E$;&]N9P         '9W)O=7!)1&QO;F<         !F]R:6=I;F5N
M=6T    ,15-L:6-E3W)I9VEN    #6%U=&]'96YE<F%T960     5'EP965N
M=6T    *15-L:6-E5'EP90    !);6<@    !F)O=6YD<T]B:F,    !
M    4F-T,0    0     5&]P(&QO;F<          $QE9G1L;VYG
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M;&5F=$]U='-E=&QO;F<         #&)O='1O;4]U='-E=&QO;F<
M"W)I9VAT3W5T<V5T;&]N9P      .$))300H       ,     3_P
M.$))3001       ! 0 X0DE-!!0       0    ".$))300,      L+
M 0   *     >   !X   .$    KO !@  ?_8_^  $$I&248  0(  $@ 2
M_^T #$%D;V)E7T--  '_[@ .061O8F4 9(     !_]L A  ," @("0@,"0D,
M$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,# P,#!$,# P,# P,# P,# P,# P,# P,
M# P,# P,# P, 0T+"PT.#1 .#A 4#@X.%!0.#@X.%!$,# P,#!$1# P,# P,
M$0P,# P,# P,# P,# P,# P,# P,# P,# P,# S_P  1"  > * # 2(  A$!
M Q$!_]T !  *_\0!/P   04! 0$! 0$          P ! @0%!@<("0H+ 0 !
M!0$! 0$! 0         !  (#! 4&!P@)"@L0  $$ 0,"! (%!P8(!0,,,P$
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M8R,>QSGN;P&Y37X^+6Z_]^^AE55G_<:E:R22E))))*?_V0 X0DE-!"$
M %4    ! 0    \ 00!D &\ 8@!E "  4 !H &\ = !O ', : !O '     3
M $$ 9 !O &( 90 @ %  : !O '0 ;P!S &@ ;P!P "  0P!3 #(    ! #A"
M24T/H       ^&UA;FE)4D92    [#A"24U!;D1S    S    !     !
M    ;G5L;     ,     0493=&QO;F<          $9R26Y6;$QS     4]B
M:F,    !        ;G5L;     $     1G))1&QO;F=(#WVL     $93='-6
M;$QS     4]B:F,    !        ;G5L;     0     1G-)1&QO;F<
M     $%&<FUL;VYG          !&<T9R5FQ,<P    %L;VYG2 ]]K     !,
M0VYT;&]N9P       #A"24U2;VQL    "           .$))30^A       <
M;69R:0    (    0     0         !     #A"24T$!@      !P (
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MXSJ7XIG[5I:?:FV*+<^^-PPHU1/C8F%.M%>)B?Y?'=O?>T]M;+^;7=FV]O\
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M+\^^@*#?W5^%_DL]TP9W9W4>W<Q\<:7I;=>/[SZ<WG6T6;I<%+UMG\[U9L;
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1O?O?O?O?O?O?O?O?O?\ _]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>taitwellerbaker1-signature.jpg
<DESCRIPTION>TAIT, WELLER & BAKER LLP SIGNATURE
<TEXT>
begin 644 taitwellerbaker1-signature.jpg
M_]C_X0KM17AI9@  34T *@    @ #0$   ,    !$&@   $!  ,    ! T0
M  $"  ,    !  $   $#  ,    !  4   $&  ,    !      $2  ,    !
M  $   $5  ,    !  $   $:  4    !    J@$;  4    !    L@$H  ,
M   !  (   $Q  (    D    N@$R  (    4    WH=I  0    !    ]
M 2  #J8    G$  .I@   "<0061O8F4@4&AO=&]S:&]P($-#(#(P,3<@*$UA
M8VEN=&]S:"D ,C Q.3HQ,CHR," Q,3HS-3HP,0     #H $  P    '__P
MH ( !     $   #*H , !     $    H          8! P #     0 &   !
M&@ %     0   6X!&P %     0   78!*  #     0 "   " 0 $     0
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M_\0!/P   04! 0$! 0$          P ! @0%!@<("0H+ 0 !!0$! 0$! 0
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MI*4DDDDI22222G__T/54DDDE/.](S*L:GZP==RVBNC[;>\N&KO2P:Z^GO_\
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MR[/L_P"B224__]G_[1-Z4&AO=&]S:&]P(#,N,  X0DE-! 0       << @
M @ " #A"24T$)0      $$8,\HDFN%;:L)P!H;"GD'<X0DE-!#H      0D
M   0     0      "W!R:6YT3W5T<'5T    !0    !0<W138F]O; $
M26YT965N=6T     26YT90    !#;')M    #W!R:6YT4VEX=&5E;D)I=&)O
M;VP     "W!R:6YT97).86UE5$585    !, 2 !0 "T 2P @ $P 80!S &4
M<@!* &4 =  @ $T -@ P #(       ]P<FEN=%!R;V]F4V5T=7!/8FIC
M# !0 '( ;P!O &8 ( !3 &4 = !U '        IP<F]O9E-E='5P     0
M  !";'1N96YU;0    QB=6EL=&EN4')O;V8    )<')O;V9#35E+ #A"24T$
M.P     "+0   !     !       2<')I;G1/=71P=71/<'1I;VYS    %P
M  !#<'1N8F]O;       0VQB<F)O;VP      %)G<TUB;V]L      !#<FY#
M8F]O;       0VYT0V)O;VP      $QB;'-B;V]L      !.9W1V8F]O;
M    16UL1&)O;VP      $EN=')B;V]L      !"8VMG3V)J8P    $
M  !21T)#     P    !29" @9&]U8D!OX            $=R;B!D;W5B0&_@
M            0FP@(&1O=6) ;^            !"<F1456YT1B-2;'0
M          !";&0@56YT1B-2;'0               !2<VQT56YT1B-0>&Q
M6             IV96-T;W)$871A8F]O; $     4&=0<V5N=6T     4&=0
M<P    !09U!#     $QE9G15;G1&(U)L=                %1O<"!5;G1&
M(U)L=                %-C;"!5;G1&(U!R8T!9            $&-R;W!7
M:&5N4')I;G1I;F=B;V]L      YC<F]P4F5C=$)O='1O;6QO;F<
M#&-R;W!296-T3&5F=&QO;F<         #6-R;W!296-T4FEG:'1L;VYG
M      MC<F]P4F5C=%1O<&QO;F<      #A"24T#[0      $ !@     0 !
M &     !  $X0DE-!"8       X             /X   #A"24T$#0
M!    '@X0DE-!!D       0    >.$))30/S       )           ! #A"
M24T$"@       0  .$))32<0       *  $          3A"24T#]
M$@ U     0 M    !@       3A"24T#]P      '   ________________
M_____________P/H   X0DE-! @      !     !   "0    D      .$))
M300>       $     #A"24T$&@     #>0    8              "@   #*
M    (@!3 &D 9P!N &$ = !U '( 90 M %0 80!I '0 ( !7 &4 ; !L &4
M<@ @ "8 ( !" &$ :P!E '( ( !, $P 4  Q     0
M       !              #*    *                      !
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M;&]N9P   "@     4F=H=&QO;F<   #*     W5R;%1%6%0    !
M;G5L;%1%6%0    !        37-G951%6%0    !       &86QT5&%G5$58
M5     $       YC96QL5&5X=$ES2%1-3&)O;VP!    "&-E;&Q497AT5$58
M5     $       EH;W)Z06QI9VYE;G5M    #T53;&EC94AO<GI!;&EG;@
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M    #P!! &0 ;P!B &4 ( !0 &@ ;P!T &\ <P!H &\ <    !< 00!D &\
M8@!E "  4 !H &\ = !O ', : !O '  ( !# $, (  R #  ,0 W     0 X
M0DE-#Z       /AM86YI25)&4@   .PX0DE-06Y$<P   ,P    0     0
M     &YU;&P    #     $%&4W1L;VYG          !&<DEN5FQ,<P    %/
M8FIC     0       &YU;&P    !     $9R241L;VYG<[J:10    !&4W1S
M5FQ,<P    %/8FIC     0       &YU;&P    $     $9S241L;VYG
M      !!1G)M;&]N9P          1G-&<E9L3',    !;&]N9W.ZFD4
M3$-N=&QO;F<        X0DE-4F]L;     @          #A"24T/H0
M'&UF<FD    "    $     $          0     X0DE-! 8       < "
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M(" @(" @(#P_>'!A8VME="!E;F0](G<B/S[_X@.@24-#7U!23T9)3$4  0$
M  .0041"10(0  !P<G1R1U)!65A96B 'SP &  ,       !A8W-P05!03
M  !N;VYE                     0  ]M8  0    #3+4%$0D4
M                                                      5C<')T
M    P    #)D97-C    ]    &=W='!T   !7    !1B:W!T   !<    !1K
M5%)#   !A    @QT97AT     $-O<'ER:6=H=" Q.3DY($%D;V)E(%-Y<W1E
M;7,@26YC;W)P;W)A=&5D    9&5S8P         -1&]T($=A:6X@,C E
M
M                                          !865H@        ]M8
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M+&4M.BX1+NHOQ#"@,7TR7#,]-!\U S7I-M WN3BD.9 Z?CMM/%X]43Y%/SM
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M P,# P,#_\  "P@ * #* 0$1 /_=  0 &O_$ -(    & @,!
M  <(!@4$"0,* @$ "Q   @$#! $# P(# P,"!@EU 0(#!!$%$@8A!Q,B  @Q
M%$$R(Q4)44(6820S%U)Q@1ABD25#H;'P)C1R"AG!T34GX5,V@O&2HD14<T5&
M-T=C*%565QJRPM+B\F2#=).$9:.SP]/C*3AF\W4J.3I(24I865IG:&EJ=G=X
M>7J%AH>(B8J4E9:7F)F:I*6FIZBIJK2UMK>XN;K$Q<;'R,G*U-76U]C9VN3E
MYN?HZ>KT]?;W^/GZ_]H " $!   _ -_CW[W[W7M\E_YJ?P*^)F]*3JSMOO\
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-ZTT:&5Y9C)*YJ??_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
