All-American Term Trust Inc. - Dividend Declaration and Portfolio Statistics.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 16, 2002 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 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 monthly dividend from net investment income of $0.025 per share for the month of December 2002. The dividend is payable on December 30, 2002, to shareholders of record as of December 24, 2002. 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 December 20, 2002. In addition, the Trust's Board of Directors also declared on October 14, 2002, a partial liquidating distribution of $0.110 per share payable on December 30, 2002 to shareholders of record as of December 27, 2002. The ex-dividend date is December 24, 2002. The partial liquidating distribution is necessary to meet certain requirements of the Internal Revenue Code The Internal Revenue Code is the body of law that codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute title 26 of the U.S. Code (26 U.S.C.A. § 1 et seq. applicable to regulated investment companies Regulated investment company An investment company allowed to pass capital gains, dividends, and interest earned on fund investments directly to its shareholders so that it is taxed only at the personal level, and double taxation is avoided. , such as the Trust. Based on the Trust's net asset value of $12.19 per share as of November 30, 2002, the time remaining until the Trust's termination on or about December 30, 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. Portfolio Statistics (% of total portfolio) as of November 30, 2002: Composition ----------------------------------------------------- Corporates 21.7 % U.S. Mortgage-Backed Securities 31.6 Asset-Backed 4.9 Noninvestment Grade 4.1 Commercial Paper 29.1 Cash & Equivalents 8.5 Equities 0.1 ----------------------------------------------------- Total 100.0 % Top Five Sectors ----------------------------------------------------- U.S. Mortgage-Backed Securities 31.6 % Finance/ Banking 20.5 Cable/Media 5.6 Asset-Backed 4.9 Energy/Utilities 2.5 ----------------------------------------------------- Total 65.1 % Yields + ----------------------------------------------------- Market Yield 2.48 % NAV Yield 2.46 % IPO Yield 2.00 % ----------------------------------------------------- Credit Quality ---------------------------------------- Treasury/Agency 31.6 % AAA 13.5 AA 1.5 A 14.2 BBB 5.9 BB 4.1 Non-rated 0.1 Commercial Paper 29.1 ---------------------------------------- Total 100.0 % Characteristics ---------------------------------------- Weighted Avg. Maturity 0.1 yrs Effective Duration* 0.8 yrs Weighted Avg. Coupon 5.7 % Market Price $12.10 Net Asset Value $12.19 IPO Price $15.00 December 2002 Dividend $0.025 ---------------------------------------- +Market yield is calculated by multiplying the current month's dividend by 12 and dividing by the month-end market price. NAV See navigation system and navigation bar. yield is calculated by multiplying the current month's dividend by 12 and dividing by the month-end net asset value. IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. yield is calculated by multiplying the current month's dividend by 12 and dividing by the initial public offering price. Prices and yields will vary. The Fund is actively managed and its portfolio composition will vary over time. - Provided by Wellington Management Company Wellington Management Company is a Boston, Massachusetts based investment management firm. Founding and Early Years Wellington Management Company was incorporated in Philadelphia, Pennsylvania in 1933, five years after the creation of the Wellington Fund by Walter L. , LLP LLP - Lower Layer Protocol . |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion