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Fort Dearborn Income Securities, Inc. Reports Dividend Distribution

Stocks in this article: FDI

The Board of Directors for Fort Dearborn Income Securities, Inc. (the “Fund”) (NYSE: FDI) today declared a quarterly dividend from current net investment income and undistributed retained earnings from net investment income of $0.175 per share, and distributions from short-term capital gains of $0.386 per share and long-term capital gains of $0.437 per share, payable on December 31, 2012 to shareholders of record as of December 17, 2012. The ex-dividend date is December 13, 2012.

Fort Dearborn Income Securities, Inc. is a closed-end bond fund managed by UBS Global Asset Management (Americas) Inc. The Fund invests principally in investment grade, long-term, fixed income debt securities. The primary objective of the Fund is to provide its shareholders with:

  • A stable stream of current income consistent with external interest rate conditions, and
  • A total return over time that is above what they could receive by investing individually in the investment grade and long-term maturity sectors of the bond market.




Copyright Business Wire 2010

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