<SEC-DOCUMENT>0001145549-24-068963.txt : 20241113
<SEC-HEADER>0001145549-24-068963.hdr.sgml : 20241113
<ACCEPTANCE-DATETIME>20241113164035
ACCESSION NUMBER:		0001145549-24-068963
CONFORMED SUBMISSION TYPE:	N-CEN
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240831
FILED AS OF DATE:		20241113
DATE AS OF CHANGE:		20241113
EFFECTIVENESS DATE:		20241113

FILER:

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

	FILING VALUES:
		FORM TYPE:		N-CEN
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05133
		FILM NUMBER:		241455092

	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>
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<DOCUMENT>
<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>2
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<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: U.S. Bank
         Document created using Broadridge PROfile 24.8.1.5246
         Copyright 1995 - 2024 Broadridge -->
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<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Shareholders and Board of Trustees</div>
    <div style="text-align: justify; font-weight: bold;">High Income Securities Fund</div>
    <div><br>
    </div>
    <div style="text-align: justify;">In planning and performing our audits of the financial statements of the High Income<font style="font-size: 14pt;">&#160;</font>Securities<font style="font-size: 14pt;">&#160;</font>Fund (the &#8220;Fund&#8221;), as of and for the year ended August 31, 2024, in accordance with the standards of the Public Company Accounting
      Oversight Board (United States), we considered the Fund&#8217;s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the
      financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund&#8217;s internal control over financial reporting.&#160; Accordingly, we express no such opinion.</div>
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    <div style="text-align: justify;">The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this
      responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls.&#160; A company&#8217;s internal control over financial reporting is a process designed 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.&#160; A company&#8217;s internal control over financial reporting includes those policies and
      procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as
      necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that&#160;receipts&#160;and expenditures of the company are being made only in accordance with authorizations of management and directors of the&#160;company;&#160;and&#160;(3)&#160;provide&#160;reasonable&#160;assurance&#160;regarding&#160;prevention&#160;or&#160;timely&#160;detection&#160;of unauthorized acquisition, use or disposition of a company&#8217;s assets that could have a material effect on the financial statements.</div>
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    <div style="text-align: justify;">Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements.&#160; Also, projections of any evaluation of
      effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.</div>
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    <div style="text-align: justify;">A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the
      normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.&#160; A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a
      reasonable possibility that a material misstatement of the company&#8217;s annual or interim financial statements will not be prevented or detected on a timely basis.</div>
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      <div style="text-align: justify; font-weight: bold;">Shareholders and Board of Trustees</div>
      <div style="text-align: justify; font-weight: bold;">High Income Securities Fund</div>
      <div style="text-align: justify; font-weight: bold;">Page Two</div>
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    <div style="text-align: justify;">Our consideration of the Funds&#8217; internal control over financial reporting was for the limited purpose described in the first paragraph and would not
      necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States).&#160; However, we noted no deficiencies in the Funds&#8217; internal
      control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of August 31, 2024.</div>
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    <div style="text-align: justify;">This report is intended solely for the information and use of management, the Board of Trustees of the High Income Securities Fund and the Securities and
      Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.</div>
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    <div style="margin-left: 261pt;">/s/ TAIT, WELLER &amp; BAKER LLP</div>
    <div style="text-align: justify; text-indent: 258pt; font-weight: bold;">TAIT, WELLER &amp; BAKER LLP</div>
    <div style="text-align: justify; text-indent: 258pt; font-weight: bold;"> <br>
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    <div style="text-align: justify; font-weight: bold;">Philadelphia, Pennsylvania</div>
    <div style="text-align: justify; font-weight: bold;">October 30, 2024</div>
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