All-American Term Trust Inc.-- Distribution Declaration and Portfolio Statistics.Business Editors NEW YORK--(BUSINESS WIRE)--April 16, 2001 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 dividend from net investment income of $0.0550 per share. The dividend is payable on April 30, 2001 to shareholders of record as of April 23, 2001. 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 April 19, 2001. The Fund's investment objective is to provide a high level of current income consistent with capital preservation. Based on the Fund's net asset value of $12.56 per share as of March 31, 2001, the time remaining until the Fund's termination on or about January 31, 2003, and assuming the continuation of current market conditions, Mitchell Hutchins believes that it is unlikely that the Fund 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 March 31, 2001:
Composition Credit Quality
------------------------------ -----------------------------------
Corporate 67.9 % Treasury/Agency 14.0 %
U.S. Mortgage-Backed AAA 6.5
Securities 13.1 AA 0.0
Non Investment Grade 7.9 A 24.6
Asset Backed 6.6 BBB 45.0
Cash & Equivalents 3.6 BB 4.5
US Agencies 0.9 B 2.5
------------------------------ Non-rated 2.9
Total 100.0 % Below B 0.0
-----------------------------------
Top Five Sectors 100.0 %
------------------------------
Finance/Banking 22.3 % Characteristics
U.S. Mortgage-Backed -----------------------------------
Securities 13.1 Weighted Avg Maturity 2.0 yrs
Energy/Utilities 16.7 Effective Duration* 1.5 yrs
Cable/Media 9.0 Weighted Avg Coupon 7.3 %
Asset Backed 6.6 Net Asset Value $12.56
------------------------------- Market Price $12.07
Total 67.7 % -----------------------------------
Yields+
-------------------------------
Market Yield 5.47 %
NAV Yield 5.25 %
IPO Yield 4.40 %
--------------------------------
+Market yield is calculated by multiplying mul·ti·ply 1 v. mul·ti·plied, mul·ti·ply·ing, mul·ti·plies v.tr. 1. To increase the amount, number, or degree of. 2. Mathematics To perform multiplication on. the current month's distribution 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 distribution 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 distribution 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