All-American Term Trust Inc. reports earnings.NEW YORK--(BUSINESS WIRE)--December 15, 1995--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, mortgage-backed securities Mortgage-backed securities (MSBs) Securities backed by a pool of mortgage loans. 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 October 31, 1995. For the quarter ended October 31, 1995, the Trust's earnings from net investment income were $4,202,549, equal to $0.31 per share. Total 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. were $3,476,431, equal to $0.25 per share for the same period. This compares to net investment income of $4,284,209, equal to $0.31 per share, and net realized and unrealized losses of ($6,906,665), equal to ($0.50) per share, for the quarter ended October 31, 1994. For the nine months ended October 31, 1995, the Trust's earnings from net investment income were $12,197,553, equal to $0.89 per share. Net realized and unrealized gains were $13,509,622, equal to $0.99 per share. This compares to net investment income of $12,967,476, equal to $0.95 per share, and net realized and unrealized losses of ($25,923,284), equal to ($1.89) per share, incurred during the nine months ended October 31, 1994. On October 31, 1995, 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 $196,562,426. The net asset value per common share was $14.34, based on 13,706,667 common shares outstanding, which represents an increase of 6.54% from the net asset value per common share of $13.46 ($184,483,033 attributable to 13,706,667 common shares outstanding) on October 31, 1994. CONTACT: Linda Buckley, 201/902-5450 |
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