2002 Target Term Trust Inc.--Distribution Declaration and Portfolio Statistics.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 5, 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 ), is a closed-end management investment company investing in high quality fixed-income and adjustable-rate securities. On August 6, 2001 the Trust declared four monthly dividends of $0.055 per share for August, September, October and November 2001. The November dividend will be payable on November 30, 2001 to shareholders of record as of November 15, 2001. 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. will be November 13, 2001. The accelerated declarations are to avoid corporate taxes on the Trust. All of the dividends are ordinary income derived from net investment income. The Trust will seek to liquidate To pay and settle the amount of a debt; to convert assets to cash; to aggregate the assets of an insolvent enterprise and calculate its liabilities in order to settle with the debtors and the creditors and apportion the remaining assets, if any, among the stockholders or owners of the 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 on or about November 30, 2002. While the portfolio is being managed in an effort to return the initial offering price of $15.00 per share, this is not guaranteed. |
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