CHICAGO--(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 first quarter and fiscal year-to-date ended December 31, 2013.
For the fiscal first quarter ended December 31, 2013, the Fund's earnings from net investment income were $1,294,094, equal to $0.15 per share. During this period, the Fund paid distributions from net investment income, retained earnings and short-term capital gains of $1,535,741, equal to $0.175 per share and long-term capital gains distributions of $2,764,334, equal to $0.315 per share. Total net realized and unrealized gains from investment activities were $1,557,535, equal to $0.18 per share, for the same period. This compares to earnings from net investment income of $1,408,089, equal to $0.16 per share; distributions paid from net investment income and retained earnings of $1,535,741, equal to $0.175 per share; short-term capital gains distributions of $3,387,407, equal to $0.386 per share and long-term capital gains distributions of $3,834,966, equal to $0.437 per share and total net realized and unrealized gains from investment activities of $838,993 were equal to $0.10 per share, for the fiscal first quarter ended December 31, 2012.
On December 31, 2013, total net assets of the Fund were $137,965,726. The net asset value per share was $15.72, based on 8,775,665 shares outstanding, which represents a decrease of 8.18% from the net asset value per share of $17.12 ($150,280,054 attributable to 8,775,665 shares outstanding) on December 31, 2012.
Investing in the Fund entails specific risks, such as interest rate, credit and US government securities 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.