Fort Dearborn Income Securities, Inc. – Reports Earnings
27 April 2016 - 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 second quarter and fiscal year-to-date
ended March 31, 2016.
For the fiscal second quarter ended March 31, 2016, the Fund's
earnings from net investment income were $1,017,302, equal to $0.12
per share.1 During this period, the Fund paid distributions from
net investment income of $965,323, equal to $0.11 per share. Total
net realized and unrealized gains from investment activities were
$302,342, equal to $0.03 per share, for the same period.
For the six months ended March 31, 2016, the Fund’s earnings
from net investment income were $2,307,068, equal to $0.26 per
share.1 During this period, the Fund paid distributions (which may
be comprised of net investment income and/or retained earnings) of
$2,391,369, equal to $0.270 per share. Total net realized and
unrealized losses from investment activities were $(2,169,272)
equal to $(0.25) per share for the same period.
On March 31, 2016, total net assets of the Fund were
$129,219,146. The net asset value per share was $14.72, 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/20160426006742/en/
UBS Asset ManagementClosed-End Funds Desk: 888-793
8637ubs.com
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