CIM High Yield Securities Declares Liquidating Distribution.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 (AMEX AMEX See: American Stock Exchange :CIM) (the "Fund") today announced that the Fund has substantially completed the liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy of its assets, including its portfolio securities, in accordance with the Plan of Liquidation approved by shareholders on January 20, 2006. The Fund also announced that the Fund's Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. has authorized a first liquidating distribution in an amount equal to approximately $26,131,760.86 (or approximately $4.26 per share) payable on February 24, 2006 to shareholders of record as of the close of business on February 3, 2006. The Fund intends to issue another press release announcing the date and amount of the final liquidating distribution. Shareholders of the Fund will receive the liquidating distribution 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 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. . |
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