Hatteras Income Securities, Inc. (NYSE: HAT); Nations Government Income Term Trust 2004, Inc. (NYSE: NGF); and Nations Balanced Target Maturity Fund, Inc. (NYSE: NBM). CHARLOTTE, N.C., Feb. 6 /PRNewswire-FirstCall/ -- The Board of Directors of Hatteras Income Securities, Inc. ("HAT") declared a dividend of $0.065 per share for the month of February 2004. The dividend is payable on February 27, 2004 to shareholders of record on February 17, 2004. The current yield, based on the New York Stock Exchange ("NYSE") closing price of $13.50 per share on January 30, 2003, is 5.78%. To obtain additional information, including a prospectus, please contact a representative at (800) 851-9677. The Board of Directors of Nations Government Income Term Trust2004, Inc. ("NGF") has approved a Plan of Liquidation and Termination (the "Plan") for NGF in accordance with its investment objectives and Articles of Incorporation. The Plan provides for a complete liquidation of NGF by March 31, 2004 or shortly thereafter. In light of this action, the Company has suspended monthly dividends. However, the Company expects that, pursuant to the Plan, it will make liquidating distributions on a monthly basis leading up to the liquidation date. The next liquidatingdistribution is payable on February 26, 2004 to shareholders of record on February 17, 2004. Also as a result of the Plan, trading in NGF stock will be suspended prior to the opening of NYSE trading on April 1, 2004. Subsequently, NGF and the NYSE will seek to de-list NGF from the NYSE, and NGF will seek to de-register as an investment company and dissolve as a Maryland corporation. A. Max Walker, Director and Chairman of the Board of Directors of each HAT, NGF and Nations Balanced Target MaturityFund, Inc. ("NBM") (together, the "Companies") passed away last summer. The Boards of Directors of the Companies (the "Boards") have appointed William P. Carmichael to succeed him as Director and Chairman of the Boards. Also in 2003, the Boards accepted the resignation of Robert H. Gordon as President and Chief Executive Officer of the Companies. He was succeeded by Edward D. Bedard (previously the Companies' Chief Financial Officer), who the Boards have appointed President and Chief Executive Officer on an interim basis. The Boards also have appointed Gerald Murphy (the Companies' Treasurer) interim Chief Financial Officer. These changes in management have not affected, nor are they expected to affect, the Companies' portfolio management activities or day-to-day operations. The Companies are publicly traded closed-end registered investment companies, managed by Banc of America Capital Management, LLC. DATASOURCE: Banc of America Capital Management, LLC CONTACT: Gerald Murphy, Chief Financial Officer and Treasurer of Banc of America Capital Management, LLC, +1-704-388-9174

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