All-American Term Trust Inc. reports earnings.NEW YORK--(BUSINESS WIRE)--April 1, 1996--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 fourth quarter ended January 31, 1996. For the quarter ended January 31, 1996, the Trust's earnings from net investment income were $4,155,666, equal to $0.30 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 $(20,048), equal to $0.00 per share for the same period. This compares to net investment income of $4,088,643, equal to $0.30 per share, and net realized and unrealized losses of $(1,707,039), equal to $(0.13) per share, for the quarter ended January 31, 1995. For the twelve months ended January 31, 1996, the Trust's earnings from net investment income were $16,353,219, equal to $1.19 per share. Net realized and unrealized gains were $13,489,575, equal to $0.99 per share. This compares to net investment income of $17,056,119, equal to $1.24 per share, and net realized and unrealized losses of $(27,630,323), equal to $(2.01) per share, incurred during the twelve months ended January 31, 1995. On January 31, 1996, 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 $196,997,244. The net asset value per common share was $14.37, based on 13,706,667 common shares outstanding, which represents an increase of 7.96% from the net asset value per common share of $13.31 ($182,437,384 attributable to 13,706,667 common shares outstanding) on January 31, 1995. CONTACT: All-American Term Trust Inc. Linda Buckley, 201/902-5450 |
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