HIGH INCOME SECURITIES FUND — Director's Dealing 2018

Jan 5, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PUTNAM HIGH INCOME SECURITIES FUND (PCF)
CIK: 0000810943
Period of Report: 2018-01-03

Reporting Person: Bulldog Investors, LLC (10% Owner)
Reporting Person: GOLDSTEIN PHILLIP (10% Owner)
Reporting Person: Dakos Andrew (10% Owner)
Reporting Person: Samuels Steven (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-03	Common Stock	P	200	$9.06	Acquired	1245885	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14772	Direct
Common Stock	2000	Direct

Footnotes

F1: Certain private investment fund clients of Bulldog Investors, LLC ("Bulldog Investors") are the beneficial owners of these shares. Bulldog Investors disclaims beneficial interest in such shares except to the extent of any pecuniary interest therein. Andrew Dakos, Steven Samuels and Phillip Goldstein are the owners of Bulldog Investors. Each of Messrs. Dakos, Samuels and Goldstein also is a Principal of the general partner of certain of such private investment fund clients of Bulldog Investors, and a limited partner in certain of such private fund clients. Each of Messrs. Dakos, Samuels and Goldstein disclaims beneficial interest in such shares except to the extent of any pecuniary interest therein.

F2: Shares are held by Phillip Goldstein.

F3: Shares are held by Steven Samuels.