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AI brief of an SEC Form 8-K · HIGH INCOME SECURITIES FUND (PCF)

High Income Securities Fund joins suit to enforce FDEU trustee vote results

Neutral Impact 2 of 5 legal/regulatory Written later

High Income Securities Fund (PCF), Bulldog Investors LLP and Special Opportunities Fund, Inc. (SPE) announced on May 11, 2023 that they filed an action in the U.S. District Court for the District of Massachusetts. The suit concerns the April 3, 2023 annual meeting of First Trust Dynamic Europe Equity Income Fund (FDEU) and seeks to enforce votes for SPE's nominees to its Board of Trustees. The filing does not state any direct financial effect on PCF shareholders.

Key points

  • Action filed in the U.S. District Court for the District of Massachusetts; announced May 11, 2023
  • Seeks a declaration that SPE's nominees received a majority of votes that would have been cast had the FDEU board counted them
  • Also seeks a declaration that FDEU's control share bylaw violates the Investment Company Act of 1940 and is invalid
  • Morris Kandinov LLP is serving as counsel to Bulldog, SPE and PCF

The filing

CompanyHIGH INCOME SECURITIES FUND (PCF)
Form8-K, current report
Filed with the SECJun 7, 2023, 4:23 PM ET
Accession number0000894189-23-004123

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 07, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.