All American Term Trust Inc. reports earnings.NEW YORK--(BUSINESS WIRE)--Dec. 15, 1994--All-American 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 investing in a diversified portfolio of corporate debt securities, mortgaged-backed securities and asset-backed securities Asset-backed security A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate. asset-backed security A debt security collateralized by specific assets. , today announced its performance for the third quarter ended Oct. 31, 1994. For the quarter, the Trust's earnings from net investment income were $4,284,209 equal to $0.31 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. were $(6,906,665), equal to $(0.50) per share for the same period. This compares to net investment income of $4,441,683, equal to $0.32 per share, and 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. of 145,195 equal to $0.01 per share for the quarter ended Oct. 31, 1993. For the period from Feb. 1, 1994 to Oct. 31, 1994, the Trust's earnings from net investment income were $12,967,476, equal to $0.95 per share. Total net realized and unrealized losses were $(25,923,284), equal to $(1.89) per share. This compares to net investment income of $11,286,585, equal to $0.82 per share, and total net realized and unrealized gains of $2,153,097, equal to $0.16 per share for the period from March 1, 1993 (commencement of operations) to Oct. 31, 1993. On Oct. 31, 1994, 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 $184,483,033. The net asset value per common share was $13.46, based on 13,706,667 common shares outstanding. This compares to total net assets of 209,061,233 and a net asset value per common share of $15.25 based on 13,706,667 common shares outstanding on Oct. 31, 1993. CONTACT: Jeffrey Cullen 201/902-5450 |
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