Fort Dearborn Income Securities, Inc. – Reports Earnings
19 February 2015 - 9:05AM
Business Wire
Fort Dearborn Income Securities, Inc. (the “Fund”) (NYSE:FDI), a
closed-end management investment company seeking a stable stream of
current income consistent with external interest rate conditions
and a total return over time that is above what shareholders could
receive by investing individually in the investment grade and
long-term maturity sectors of the bond market, today announced its
performance for the fiscal first quarter and fiscal year-to-date
ended December 31, 2014.
For the fiscal first quarter ended December 31, 2014, the Fund's
earnings from net investment income were $1,412,029, equal to $0.16
per share. During this period, the Fund paid distributions from net
investment income of $1,404,106, equal to $0.160 per share and
long-term capital gains of $480,029, equal to $0.0547 per share.
Total net realized and unrealized losses from investment activities
were $(1,269,417), equal to $(0.14) per share, for the same period.
This compares to earnings from net investment income of $1,294,094,
equal to $0.15 per share; distributions paid from net investment
income, retained earnings and short-term capital gains of
$1,535,741, equal to $0.175 per share and long-term capital gains
distributions of $2,764,334, equal to $0.315 per share; and total
net realized and unrealized gains from investment activities were
$1,557,535, equal to $0.18 per share, for the fiscal first quarter
ended December 31, 2013.
On December 31, 2014, total net assets of the Fund were
$138,596,186. The net asset value per share was $15.79, based on
8,775,665 shares outstanding, which represents an increase of 0.45%
from the net asset value per share of $15.72 ($137,965,726
attributable to 8,775,665 shares outstanding) on December 31,
2013.
Investing in the Fund entails specific risks, such as
interest rate, credit and US government securities risks as well as
derivatives risk. Further detailed information regarding the Fund,
including a discussion of investment objectives, principal
investment strategies and principal risks, may be found in the fund
overview located at
http://www.ubs.com/closedendfundsinfo. You may also
request copies of the fund overview by calling the Closed-End Funds
Desk at 888-793 8637.
UBS Global Asset ManagementClosed-End Funds Desk:
888-793-8637ubs.com
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