Fort Dearborn Income Securities, Inc. – Reports Earnings
15 August 2015 - 7:05AM
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 third quarter and fiscal year-to-date
ended June 30, 2015.
For the fiscal third quarter ended June 30, 2015, the Fund's
earnings from net investment income were $1,482,269, equal to $0.17
per share.1 During this period, the Fund paid distributions from
net investment income of $1,404,106, equal to $0.160 per share.
Total net realized and unrealized losses from investment activities
were $(3,801,142), equal to $(0.43) per share, for the same
period.
For the nine months ended June 30, 2015, the Fund’s earnings
from net investment income were $4,348,045, equal to $0.50 per
share.1 During this period, the Fund paid distributions from net
investment income of $4,212,319 equal to $0.480 per share, and
long-term capital gains distributions of $480,029 equal to $0.055
per share. Total net realized and unrealized losses from investment
activities were $(3,947,319), equal to $(0.45) per share for the
same period.
On June 30, 2015, total net assets of the Fund were
$136,046,088. The net asset value per share was $15.50, based on
8,775,665 shares outstanding.
1 The current net investment income is derived directly from the
accounting records which may be different than net investment
income for financial statement reporting purposes included in the
Fund's shareholder report. This represents a methodology change
from prior earnings releases that utilized adjusted net investment
income for financial statement reporting purposes. Therefore, prior
reported numbers may not be directly comparable to those noted
above and going forward.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150814005633/en/
UBS Global Asset ManagementClosed-End Funds Desk: 888-793
8637ubs.com
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