2002 Target Term Trust Inc. Reports Earnings.Business Editors NEW YORK--(BUSINESS WIRE)--April 16, 2001 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 its performance for the first quarter ended February 28, 2001. For this quarter, the Trust's earnings from net investment income were $1,837,901 equal to $0.24 per share. Net realized and unrealized gains Unrealized Gain A profit that results from holding on to an asset rather than cashing it in and using the funds. Notes: Let's say you own a stock that has doubled, but you haven't sold it yet. This is said to be an unrealized gain. from investment activities were $1,589,101, equal to $0.21 per share, for the same period. This compares to earnings from net investment income of $1,628,417, equal to $0.21 per share, and 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 of $(1,514,452) equal to $(0.19) per share for the quarter ended February 29, 2000. On February 28, 2001, 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 $112,469,606. The net asset value per common share was $14.70, based on 7,650,667 common shares outstanding, which represents an increase of 3.23% from the net asset value per common share of $14.24 ($111,136,456 attributable to 7,802,867 common shares outstanding) on February 29, 2000. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion