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FDI Fort Dearborn Income Securities, Inc.

14.75
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Fort Dearborn Income Securities, Inc. NYSE:FDI NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 14.75 0 01:00:00

Fort Dearborn Income Securities, Inc. – Reports Earnings

01/12/2014 10:05pm

Business Wire


Fort Dearborn Income Securities, Inc. (NYSE:FDI)
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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 fourth quarter and fiscal year-to-date ended September 30, 2014.

For the fiscal fourth quarter ended September 30, 2014, the Fund's earnings from net investment income were $1,405,443, equal to $0.16 per share. During this period, the Fund paid distributions from net investment income of $1,316,350, equal to $0.150 per share. Total net realized and unrealized losses from investment activities were $(2,503,269), equal to $(0.29) per share, for the same period. This compares to earnings from net investment income of $1,201,771 equal to $0.14 per share; distributions paid from net investment income and long-term capital gains of $1,535,741, equal to $0.175 per share; and total net realized and unrealized losses from investment activities of $6,706, were equal to $0.00 per share, for the fiscal fourth quarter ended September 30, 2013.

For the fiscal year ended September 30, 2014, the Fund’s earnings from net investment income were $5,300,356, equal to $0.60 per share. During this period, the Fund paid distributions from net investment income, retained earnings and short-term capital gains of $5,484,791 equal to $0.625 per share, and long-term capital gains distributions of $2,764,335 equal to $0.315 per share. Total net realized and unrealized losses from investment activities were $3,870,552, equal to $0.44 per share, for the same period. This compares to earnings from net investment income of $5,279,204, equal to $0.60 per share; distributions paid from net investment income, retained earnings and capital gains of $6,142,966, equal to $0.70 per share, short-term capital gains distributions of $3,387,407, equal to $0.386 per share and long-term capital gains distributions of $3,834,965, equal to $0.437 per share, for the year ended September 30, 2013. Total net realized and unrealized losses from investment activities were $9,289,023, equal to $1.06 per share, for the fiscal year ended September 30, 2013.

On September 30, 2014, total net assets of the Fund were $140,337,710. The net asset value per share was $15.99, based on 8,775,665 shares outstanding, which represents an increase of 0.63% from the net asset value per share of $15.89 ($139,415,928 attributable to 8,775,665 shares outstanding) on September 30, 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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