CIM High Yield Securities Announces Liquidation.BOSTON -- CIM (1) (Computer-Integrated Manufacturing) Integrating office/accounting functions with automated factory systems. Point of sale, billing, machine tool scheduling and supply ordering are part of CIM. High Yield Securities (the "Fund") (AMEX AMEX See: American Stock Exchange :CIM) today announced that shareholders of the Fund have approved the proposal to liquidate To pay and settle the amount of a debt; to convert assets to cash; to aggregate the assets of an insolvent enterprise and calculate its liabilities in order to settle with the debtors and the creditors and apportion the remaining assets, if any, among the stockholders or owners of the the Fund. In accordance with the Plan of Liquidation approved by shareholders, the transfer agent books of the Fund will be closed at the close of business on February 3, 2006 and as of that time the Fund will cease its business activities except as provided in the Plan. At that time, shareholders' respective interests in the Fund's assets will be fixed and will not be transferable and the Fund's shares will cease to be traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . The Fund will announce the record date and the payment date for the first and any subsequent liquidating distributions in respect of the Fund's shares when set by the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of the Fund. Shareholders of the Fund will receive their liquidating distributions without further action on their part. Any share certificates held after the liquidation of the Fund will no longer evidence an ownership interest in the Fund and will not be accepted by the Fund's transfer agent. CIM High Yield Securities is a diversified, closed-end registered investment company listed on the American Stock Exchange. |
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