<SEC-DOCUMENT>0000894189-22-000821.txt : 20220302
<SEC-HEADER>0000894189-22-000821.hdr.sgml : 20220302
<ACCEPTANCE-DATETIME>20220131142526
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000894189-22-000821
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220131

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:		CORRESP

	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>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
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    <div>
      <div style="text-align: center; color: #000000;">High Income Securities Fund<br>
        615 East Michigan Street</div>
      <div style="text-align: center; color: #000000;">Milwaukee, WI 53202</div>
      <div><br>
      </div>
      <div>January 31, 2022</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">VIA EDGAR TRANSMISSION</div>
      <div><br>
      </div>
      <div>Christina Fettig</div>
      <div>United States Securities and Exchange Commission</div>
      <div>Division of Investment Management</div>
      <div>100 F Street N.E.</div>
      <div>Washington, D.C. 20549</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z430100ee01e449dda570f518eb6d5c9d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">RE:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">High Income Securities Fund (the &#8220;Fund&#8221;)</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; margin-left: 36pt; font-weight: bold;">File No.:&#160; 811-05133</div>
      <div><br>
      </div>
      <div>Dear Ms. Fettig:</div>
      <div><br>
      </div>
      <div style="text-align: justify;">This correspondence is being filed in response to comments you provided <font style="color: #000000;">on</font> January 10, 2022, in connection with the SEC Staff&#8217;s <font style="color: #000000;">Sarbanes-Oxley Act of 2002, as amended, review of certain filings for
          the Fund. The Staff indicated that the specific filing it reviewed was the Form N-CSR filed on </font>November 8, 2021<font style="color: #000000;"> referencing the August 31, 2021 Annual Report for the Fund and the Fund&#8217;s annual report on Form N-CEN for the fiscal year ended August 31, 2021.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">For your convenience in reviewing the Fund&#8217;s response, each of your comments is set forth in bold below, immediately followed by the Fund&#8217;s response.
        Capitalized terms not otherwise defined herein shall have the meanings given to them in the filing.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zdde1ff3b3ff940798fa5ee814375d7dc" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-weight: bold;">COMMENT:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">In the Fund&#8217;s N-CEN filing for the period, the Fund checked &#8220;no&#8221; in response to Item B.10 (indicating that no matters were submitted to a vote of
                the Fund&#8217;s shareholders during the period). Was this answered correctly?</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zf296896f65634c06905518c424e6e740" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-style: italic;">RESPONSE:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Fund confirms that the response to Item B.10 was incorrect and that the Fund did have matters submitted to a vote of the Fund&#8217;s shareholders during the reporting
                period, including the election of trustees and whether an amendment to the Fund&#8217;s proxy voting policy is in the best interests of the Fund and its shareholders.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zea7fcc6f3be14d2f895d063f335be750" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-weight: bold;">COMMENT:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">Per Form N-2, Item 24, Instructions 4(g)(1), the Staff notes that the Fund should enhance Management&#8217;s Discussion of Fund Performance (&#8220;MDFP&#8221;) to
                include a broad discussion of the factors that affected the Fund&#8217;s performance during the period.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="ze82c8c4bc50c43f0b935e113a2209b56" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-style: italic;">RESPONSE:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>While the Fund believes MDFP meets the requirements of Instruction 4(g)(1), it will enhance such disclosure in future Form N-CSR filings.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z0f21872f130a47cf8a7b68f54925fd6d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-weight: bold;">COMMENT:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">Per Form N-2, Item 24, Instructions 4(g)(3), the Staff notes that MDFP should include a discussion of the effect of any policy or practice of
                maintaining a specified level of distributions to shareholders on the Fund&#8217;s investment strategies and per share net asset value during the last fiscal year; and the extent to which the Fund&#8217;s distribution policy resulted in distributions
                of capital.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z65e46722a11a4950b721fc5600427daf" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-style: italic;">RESPONSE:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Fund confirms that it will, going forward, include the requested information when applicable.</div>
            </td>
          </tr>

      </table>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" id="zf57923edf774427e9cc8a129625e57ba" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-weight: bold;">COMMENT:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">Per Form N-2, Item 24, Instructions 4(g)(2)(b), the Staff notes that MDFP requires a statement accompanying the graph and table to the effect that
                past performance does not predict future performance and that the graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the sale of fund shares.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zf17526a951844998a46a911358041dcc" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-style: italic;">RESPONSE:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The required statement to the effect that past performance does not predict future performance is made on page 4 of the Form N-CSR filing. The Fund will include the
                statement that the graph and table &#8220;does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the sale of fund shares&#8221; in its future Form N-CSR filings.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z8ca78908a7824b3399094232497f8dfa" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-weight: bold;">COMMENT:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">Per Form N-2, Item 24, Instruction 4(g), the Staff notes that MDFP should explain why the Fund&#8217;s benchmark is an appropriate index considering the
                fund&#8217;s strategy.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z174929d564284c8795c054fe783409ec" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-style: italic;">RESPONSE:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Fund supplementally informs the Staff that on September 12, 2018, the Board determined to use the ICE BofA Merrill Lynch 6 Month Treasury Bill Index as its
                benchmark and has thus far not identified any alternative index that is more appropriate.&#160; However, the Board intends to consider proposing changes to the Fund&#8217;s investment strategy which, if adopted, may lead the Board to consider an
                alternative benchmark for the Fund.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z614166adf29e4516b7dbf128286c9a69" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-weight: bold;">COMMENT:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">Per Regulation S-X, Article 12(12), please disclose the interest rate associated with the Fund&#8217;s preferred stocks.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z00ad525bd7604c9d880db262afa0a3d3" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-style: italic;">RESPONSE:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Fund will include the requested disclosure in its future Form N-CSR filings.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z11d1d410c4c542f8bd9fa051e28a51ef" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-weight: bold;">COMMENT:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">Per Regulation S-X, Article 12(12), Footnote 2, please categorize the schedule of investments by related industry, country or geographic region of
                the investment.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zb47a1787f1064aefb61bec5e7d1935ff" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-style: italic;">RESPONSE:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Fund will include the requested disclosure in its future Form N-CSR filings.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zca5f7f9e21ef4294a5af352dc12644dc" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-weight: bold;">COMMENT:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">The Staff notes that FS KKR Capital Corp. 2 was acquired before the end of the reporting period. Please revise the name of the business development
                company and provide an explanation of the change.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z0171f5a5ee0a4f0b81827ffa4b12a03f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-style: italic;">RESPONSE:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Fund will include the requested disclosure in its future Form N-CSR filings.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z4003d3e24827488dacb5d3dcfcae1ea7" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-weight: bold;">COMMENT:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">The Staff notes that the amount of accumulated deficit is a positive number; and that the board members are referred to as &#8220;directors&#8221; in certain
                instances and &#8220;trustees&#8221; in other instances. Please make sure terms are consistent throughout the filing.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zdd03078c28e04d6a97546798406da6c3" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-style: italic;">RESPONSE:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Fund will correct these inconsistencies in its future Form N-CSR filings and will refer to the board members as trustees going forward.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z88cd4c3094854464b944b8b33fb07eb9" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-weight: bold;">COMMENT:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">Per Form N-2, Item 24, Instruction 4(f), please include a statement that the SAI includes additional information about directors of the Fund and is
                available, without charge, upon request, and a toll-free (or collect) telephone number and e-mail address, if any, for shareholders to use to request the SAI.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z7dc4cc560d8b4d8397df17aaeb2d9bfa" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-style: italic;">RESPONSE:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Fund will include this language in its Form N-CSR future filings.</div>
            </td>
          </tr>

      </table>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" id="z07fdcbacd81a47afbedcf13f448022ed" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-weight: bold;">COMMENT:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">Per Form N-CSR, Item 4(c), please describe the nature of the services comprising the tax fees.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="ze686b6bd399741dcada8d44f8d699c96" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-style: italic;">RESPONSE:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Fund will include the requested disclosure in its future Form N-CSR filings.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z2bdf4888586149fba11673b3b94a7c2d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-weight: bold;">COMMENT:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">Per Form N-CSR, Item 8(a)(1), the Staff notes that the information should be disclosed as of the date of the filing of the report and not the
                fiscal year end.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zafa31ac89047409b86cb34fddd8577e7" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-style: italic;">RESPONSE:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Fund confirms that, in future N-CSR filings, the referenced information will be as of the date of the filing.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zdf0b913e25b2401e89edda84e238e5a9" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 6pt;"><br>
            </td>
            <td style="width: 102pt; vertical-align: top; align: right; font-weight: bold;">COMMENT:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">Per Form N-CSR, Item 8(a)(4), please state the dollar range of securities in the Fund beneficially owned by the Portfolio Manager, not the number
                of shares owned.</div>
            </td>
          </tr>

      </table>
      <div><br>
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            <td style="width: 102pt; vertical-align: top; align: right; font-style: italic;">RESPONSE:</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Fund is managed by an Investment Committee and will include the requested disclosure with respect to the members of its Investment Committee in its future Form
                N-CSR filings.</div>
            </td>
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      <div><br>
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      <div>&#160;</div>
      <div style="text-align: center; text-indent: -18pt; margin-left: 18pt; color: #000000;">* * * * * * * * * * * *</div>
      <div>&#160;</div>
      <div style="text-align: justify;">If you have any questions, need any additional information or would like any clarification, please contact me at 1-888-898-4107.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Sincerely,</div>
      <div style="text-align: justify; color: #000000;"><u>/s/ Andrew Dakos</u></div>
      <div style="text-align: justify; color: #000000;">Andrew Dakos</div>
      <div style="text-align: justify; color: #000000;">President of the Fund</div>
      <div><br>
      </div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z39d00408d255400e9222f92a29a16970" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 72pt; vertical-align: top; align: right; color: #000000;">cc.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">Thomas R. Westle, Blank Rome LLP</div>
            </td>
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                <div style="text-align: left; text-indent: 0pt; margin-left: 72pt; color: #000000;"><br>
                </div>
              </td>
              <td style="vertical-align: top; width: auto;">
                <div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Linda Kaufmann, Tait, Weller &amp; Baker LLP</div>
              </td>
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