All American Term Trust Inc. -- Distribution Declaration and Portfolio Statistics.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 11, 2000 All-American all-A·mer·i·can adj. 1. Representative of the people of the United States or their ideals; typically American: an all-American family; their all-American generosity. 2. Term Trust Inc. (NYSE NYSE See: New York Stock Exchange :AAT Alpha-1-antitrypsin (AAT) A blood component that breaks down infection-fighting enzymes such as elastase. Mentioned in: Chronic Obstructive Lung Disease ), a closed-end management investment company with an investment objective of providing a high level of current income, consistent with the preservation of capital Preservation of Capital An investment strategy whose primary goal is to prevent the loss of an investment's total value. Notes: For investors using the capital preservation strategy to achieve their goal, they must ensure their portfolio is producing a return that is at , today announced that the Trust's Board of Directors has declared a dividend from net investment income of $0.0600 per share. The dividend is payable on January 31, 2000 to shareholders of record as of January 26, 2000. 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 January 21, 2000. The January dividend represents a reduction of $0.0100 per share from the dividend paid in December 1999. The lower dividend is a consequence of the Trust's steadily diminishing di·min·ish v. di·min·ished, di·min·ish·ing, di·min·ish·es v.tr. 1. a. To make smaller or less or to cause to appear so. b. weighted average maturity as the Trust nears the end of its term on or about January 31, 2003. The diminishment di·min·ish v. di·min·ished, di·min·ish·ing, di·min·ish·es v.tr. 1. a. To make smaller or less or to cause to appear so. b. of its weighted average maturity obliges the Trust to reduce its exposure to longer-term, higher-yielding securities, which lowers income and thus lowers the dividend. Portfolio Statistics: Percent of total portfolio assets as of December 31, 1999:
Composition Credit Quality
Corporates 57.74% AAA 42.25%
ARMs / Mortgages 28.65% AA 0.85%
Municipals 8.53% A 12.83%
Treasuries / Agencies 1.96% BBB 21.30%
Cash & Cash Equivalents 3.12% BB 8.30%
100.00% B 8.83%
Non-Rated 4.57%
Below B 1.07%
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Top Five Sectors 100.00%
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Finance / Banking 13.79%
Municipals 8.53% Characteristics
Energy 7.67% Weighted Avg Maturity 5.10 yrs
Cable / Media 6.89% Weighted Avg Duration 3.18 yrs
Diversified Industrials 4.39% Leverage 28.65%
41.27%
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