Montgomery Street Income Securities, Inc. (the Fund) is a closed-end, diversified management investment company. Its primary investment objective is to seek a high level of current income from a diversified portfolio primarily of debt securities. Capital appreciation is a secondary objective. It will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in income producing securities. At least 70% of total assets must be invested in straight debt securities (other than municipal securities), including the United States dollar-denominated debt securities of foreign issuers, rated within the four highest grades assigned by Moody’s Investors Service, Inc. or Standard & Poor’s Corporation; the United States Government or agency securities; commercial paper; cash; cash equivalents, or Canadian government, provincial or municipal securities (not in excess of 25% of total assets). Its investment advisor is Hartford Investment Management Company.