All-American Term Trust Inc. - Board of Directors Adopts Plan of Termination.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 13, 2002 All-American Term Trust Inc. ("Trust")(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 at a meeting held on September 11, 2002, the Trust's Board of Directors adopted a Plan of Termination ("Plan") as contemplated when the Trust was first organized. The Plan is intended to accomplish the complete liquidation of the Trust's portfolio and the dissolution of the Trust. Pursuant to the Plan, it is anticipated that the Trust will make a liquidating distribution payable on or about December 31, 2002. The record, ex-dividend and payable dates relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc this distribution will be set and announced in December 2002. The Trust plans to de-list its shares from the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. effective on or about December 16, 2002. The Trust will make a subsequent announcement concerning the exact date on which the de-listing is to occur. Based on the Trust's net asset value of $12.19 per share as of September 12, 2002, the time remaining until the Trust's termination on or about December 31, 2002, and assuming the continuation of current market conditions, UBS Global Asset Management UBS Global Asset Management was the multinational investment unit of UBS AG, a very large multinational financial firm formed in 1998 from the merger of Union Bank of Switzerland and the Swiss Bank Corporation. believes that it is unlikely that the Trust will be able to return the full amount of its $15 initial offering price to shareholders upon its termination. --30--ds/ny* csm
CONTACT: UBS Global Asset Management, New York
Closed-End Funds Desk
888/793-8637
KEYWORD: NEW YORK
INDUSTRY KEYWORD: BANKING
SOURCE: All-American Term Trust
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