NGF Nations Gvt Term TR 2004

Nations Government Income Term Trust 2004, Inc. Plan of Liquidation CHARLOTTE, Jan. 2 /PRNewswire-FirstCall/ -- The Board of Directors of Nations Government Income Term Trust 2004, Inc. (the "Company") has approved a Plan of Liquidation and Termination (the "Plan") for the Company. The Plan is intended to accomplish the complete liquidation and termination of the Company as both a registered investment company and a Maryland corporation, in accordance with its investment objectives. The Plan provides for a complete liquidation of the Company by March 31, 2004 or shortly after. 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 liquidating distribution is payable on January 29, 2004 to shareholders of record on January 12, 2004. The Company is a diversified, closed-end management investment company. The Company's investment objectives are to pay a high level of current income consistent with investing in securities of high credit quality and to return $10.00 per share (the Company's initial public offering price per share) to investors on or about March 31, 2004 by preserving capital through the active management of its portfolio. The Company seeks to achieve its objectives by investing in high quality fixed income securities which are either (i) issued or guaranteed by the U.S. Government or its agencies or instrumentality's or (ii) at the time of investment, rated Aaa by Moody's Investors Service, Inc. or AAA by Standard & Poor's Corporation or, if unrated, are determined by the investment adviser to be of comparable quality to such securities. DATASOURCE: Nations Government Income Term Trust 2004, Inc. CONTACT: Gerald Murphy, Chief Financial Officer and Treasurer of Nations Government Income Term Trust 2004, Inc., +1-704-388-9174

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