2002 Target Term Trust Inc. Reports Earnings.Business Editors NEW YORK--(BUSINESS WIRE)--April 15, 2002 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, 2002. For the first quarter ended February 28, 2002, the Trust's earnings from net investment income were $1,428,169, equal to $0.19 per share. Total 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 transactions were $(83,076), equal to $(0.01) per share, for the same period. This compares to earnings from net investment income of $1,837,901, equal to $0.24 per share, and total 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 transactions of $1,589,101, equal to $0.21 per share, for the quarter ended February 28, 2001. On February 28, 2002, 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 $112,366,548. The net asset value per share was $14.69, based on 7,650,667 shares outstanding, which represents a decrease of (0.07)% from the net asset value per share of $14.70 ($112,469,606 attributable to 7,650,667 shares outstanding) on February 28, 2001. |
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