2002 Target Term Trust Inc. Reports Earnings.Business Editors NEW YORK--(BUSINESS WIRE)--April 14, 2000 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 closed-end adj. Issuing a fixed number of shares that can be traded publicly but are not redeemable by the issuer: a closed-end investment company. management investment company investing in high quality fixed-income and adjustable-rate securities, today announced its performance for the first quarter ended February 29, 2000. For this quarter, the Trust's earnings from net investment income were $1,628,417, equal to $0.21 per share. Net realized and unrealized losses Unrealized Loss A loss that results from holding onto an asset rather than cashing it in and officially taking the loss. Notes: Let's say you own a stock that is down 50%, but you haven't sold it to realize the loss yet. This is said to be an unrealized loss. from investment activities were $(1,514,452), equal to $(0.19) per share, for the same period. This compares to earnings from net investment income of $2,237,742, equal to $0.29 per share, and net realized and unrealized losses from investment activities of $(2,879,345) equal to $(0.37) per share for the quarter ended February 28, 1999. On February 29, 2000, total net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. of the Trust were $111,136,456. The net asset value per common share was $14.24, based on 7,802,867 common shares outstanding. This compares to total net assets of $116,240,661 and net asset value per common share of $14.90, (based on 7,802,867 common shares outstanding on February 28, 1999). |
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