2002 Target Term Trust Inc. Declares Distribution.NEW YORK--(BUSINESS WIRE)--Nov. 10, 1997--2002 Target Term Trust Inc. (NYSE NYSE See: New York Stock Exchange :TTR TTR Transthyretin TTR Ticket To Ride (World Snowboard Tour) TTR Transformer Turns Ratio (electric power transmission and distribution) TTR Time To Repair TTR Time to Read ), a closed-end management investment company investing in high quality fixed-income and adjustable-rate securities, today announced that the Trust's Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. has declared the Trustee's monthly dividend from net investment income of $0.0718 per share. The dividend is payable on Nov. 28, 1997 to shareholders of record as of Nov. 20, 1997. The ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. is November 18, 1997. As described in the prospectus, the Trust matures in November 2002 and will liquidate all of its assets and distribute the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). to shareholders. While the portfolio is being managed in an effort to return the initial offering price of $15.00 per share, this is not guaranteed. Portfolio Composition (10/31/97) (as a % of long-term portfolio assets) CMOs 63.3% Adjustable Rate CMOs 24.6 Agency Mortgage-Backed Securities 7.1 Other 5.0 CONTACT: Linda Buckley 201/902-5450 |
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