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13D Filing: Bulldog Investors and Putnam High Income Securities Fund (PCF)

Putnam High Income Securities Fund (NYSE:PCF): Phillip Goldstein, Andrew Dakos And Steven Samuels’ Bulldog Investors filed an amended 13D.

You can check out Bulldog Investors’s latest holdings and filings here.

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Phillip Goldstein, Andrew Dakos And Steven Samuels
Phillip Goldstein, Andrew Dakos And Steven Samuels
Bulldog Investors

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Bulldog Investors 853,212 748,261 853,212 748,261 12.34%
Bulldog Investors Group of Funds 853,212 0 853,212 0 6.56%
Phillip Goldstein 853,212 748,261 853,212 748,261 12.34%
Andrew Dakos 853,212 748,261 853,212 748,261 12.34%
Steven Samuels 853,212 748,261 853,212 748,261 12.34%
Phillip Goldstein, Andrew Dakos And Steven Samuels
Phillip Goldstein, Andrew Dakos And Steven Samuels
Bulldog Investors

Page 1 of 1 – SEC Filing

SCHEDULE 13D/A

DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
10/26/17

1. NAME OF REPORTING PERSON
Bulldog Investors, LLC

2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]

b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS
WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []

6. CITIZENSHIP OR PLACE OF ORGANIZATION
DE
___________________________________________________________

7. SOLE VOTING POWER
853,212

8. SHARED VOTING POWER
748,261

9. SOLE DISPOSITIVE POWER
853,212
_______________________________________________________

10. SHARED DISPOSITIVE POWER
748,261

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,601,473 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11

12.34%

14. TYPE OF REPORTING PERSON

IA

___________________________________________________________
1. NAME OF REPORTING PERSON
Bulldog Investors Group of Funds

2. CHECK THE BOX IF MEMBER OF A GROUP a[x]

b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS
WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []

6. CITIZENSHIP OR PLACE OF ORGANIZATION
DE
___________________________________________________________

7. SOLE VOTING POWER
853,212

8. SHARED VOTING POWER
0

9. SOLE DISPOSITIVE POWER
853,212
_______________________________________________________

10. SHARED DISPOSITIVE POWER
0

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
853,212 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11
6.56%

14. TYPE OF REPORTING PERSON

IC

___________________________________________________________

1. NAME OF REPORTING PERSON
Phillip Goldstein

2. CHECK THE BOX IF MEMBER OF A GROUP a[x]

b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS
WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []

6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA

7. SOLE VOTING POWER
853,212

8. SHARED VOTING POWER
748,261

9. SOLE DISPOSITIVE POWER
853,212
_______________________________________________________

10. SHARED DISPOSITIVE POWER
748,261

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,601,473 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11

12.34%

___________________________________________________________

14. TYPE OF REPORTING PERSON

IN

___________________________________________________________
1. NAME OF REPORTING PERSON
Andrew Dakos

2. CHECK THE BOX IF MEMBER OF A GROUP a[]

b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS
WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []

6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________

7. SOLE VOTING POWER
853,212

8. SHARED VOTING POWER
748,261

9. SOLE DISPOSITIVE POWER
853,212
_______________________________________________________

10. SHARED DISPOSITIVE POWER
748,261

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,601,473 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11

12.34%

14. TYPE OF REPORTING PERSON

IN

___________________________________________________________
1. NAME OF REPORTING PERSON
Steven Samuels

2. CHECK THE BOX IF MEMBER OF A GROUP a[x]

b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS
WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []

6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________

7. SOLE VOTING POWER
853,212

8. SHARED VOTING POWER
748,261

9. SOLE DISPOSITIVE POWER
853,212
_______________________________________________________

10. SHARED DISPOSITIVE POWER
748,261

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,601,473 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11

12.34%

14. TYPE OF REPORTING PERSON

IN
_______________________________________________________

Item 1. SECURITY AND ISSUER

This statement constitutes Amendment #2 to the schedule 13d
filed February 3, 2017. Except as specifically set forth
herein, the Schedule 13d remains unmodified.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the N-CSRS filed on April 27, 2017 there were 12,977,001 shares
of common stock outstanding as of February 28, 2017. The percentages set forth
herein were derived using such number. Phillip Goldstein, Andrew Dakos and
Steven Samuels own Bulldog Investors, LLC, a registered investment advisor.
As of October 26, 2017, Bulldog Investors, LLC is deemed to be the beneficial
owner of 1,601,473 shares of PCF (representing 12.34% of PCF’s outstanding
shares) solely by virtue of Bulldog Investors LLC’s power to direct the vote
of,and dispose of, these shares. These 1,601,473 shares of PCF include 853,212
shares (representing 6.56% of PCF’s outstanding shares) that are beneficially
owned by Messrs. Goldstein and Samuels, and the following entities over which
Messrs. Goldstein, Dakos and Samuels exercise control: Opportunity Partners LP,
Calapasas West Partners LP, Full Value Special Situations Fund, LP,
Ltd., Opportunity Income Plus, Full Value Partners, LP, and MCM Opportunity
Partners, LP (collectively, “Bulldog Investors Group of Funds”). Messrs.
Goldstein and Samuels and the Bulldog Investors Group of Funds may be deemed
to constitute a group. All other shares included in the aforementioned
1,601,473 shares of PCF beneficially owned by Bulldog Investors LLC (solely
by virtue of its power to sell or direct the vote of these shares) are also
beneficially owned by clients of Bulldog Investors, LLC who are not members
of any group. The total number of these “non-group” shares is 748,261 shares
(representing 5.77% of PCF’s outstanding shares).

(b)Bulldog Investors,LLC has sole power to dispose of and vote 853,212 shares.
Bulldog Investors, LLC has shared power to dispose of and vote 748,261 shares.
Certain of Bulldog Investors, LLC’s clients (none of whom beneficially own more
than 5% of PCF’s shares) share this power with Bulldog Investors, LLC. Messrs.
Goldstein, Dakos and Samuels are control persons of Bulldog Investors, LLC.

c) During the last 60 days the following shares of PCF were purchased:

Date: Shares: Price:
09/06/17 3,000 8.6890
09/07/17 2,504 8.6900
09/07/17 1,400 8.6914
09/08/17 18,200 8.7098
09/11/17 3,000 8.7500
09/12/17 800 8.7500
09/13/17 8,108 8.7538
10/04/17 7,339 8.9200
10/11/17 29,046 8.9125
10/18/17 400 8.9500
10/19/17 300 8.9700
10/20/17 1,700 8.9800
10/23/17 1,100 8.9245
10/24/17 2,996 8.9500
10/25/17 7,005 8.9000
10/26/17 16,645 8.9181

d) Clients of Bulldog Investors, LLC are entitled to receive any dividends or
sales proceeds.

e) N/A

ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
N/A

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None

After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.

Dated: 10/27/17

By: /S/ Phillip Goldstein
Name: Phillip Goldstein

By: /S/ Andrew Dakos
Name: Andrew Dakos

By: /S/ Steven Samuels
Name: Steven Samuels

Bulldog Investors, LLC
By: /s/ Andrew Dakos
Andrew Dakos, Member

Footnote 1: The reporting persons disclaim beneficial ownership except
to the extent of any pecuniary interest therein.

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