Fort Dearborn Income Securities, Inc. Reports Dividend Distribution
CHICAGO--(BUSINESS WIRE)-- The Board of Directors for Fort Dearborn Income Securities, Inc. (the “Fund”) (NYSE: FDI) today declared a quarterly dividend from net investment income of $0.1625 per share. The dividend is payable on September 30, 2015 to shareholders of record as of September 21, 2015. The ex-dividend date is September 17, 2015. Previously, the Fund has been paying a quarterly dividend of $0.1600 per share. The dividend was increased to more closely reflect the current level of earnings.
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.
Investing in the Fund entails specific risks, such as interest rate, credit, US government securities and derivative investments risks. 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150911005886/en/
UBS Global Asset Management
Closed-End Funds Desk: 888-793-8637
ubs.com
Source: Fort Dearborn Income Securities, Inc.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- onsemi downgraded by TD Cowen after Synaptics deal clouds growth story
- World’s First AGI ‘Smart City’ Clinical Trial Opens Waiting List This Monday (Veterans First for America)
- Argus starts SpaceX at Hold, sees record IPO as a multi-year re-rating challenge
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
UBS, Dividend, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share