All-American Term Trust declares distribution.NEW YORK--(BUSINESS WIRE)--Feb. 10, 1997--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 closed-end adj. Issuing a fixed number of shares that can be traded publicly but are not redeemable by the issuer: a closed-end investment company. 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 Fund's Board of Directors has declared a dividend from net investment income of $0.0850 per share. The dividend is payable on Feb. 28, 1997 to shareholders of record as of Feb. 20, 1997. 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 Feb. 18, 1997. -0-
Portfolio Statistics (1/31/97)
Composition (as a % of net assets) Top Five Sectors
(as a % of net assets)
Corporates 60.82% Cable/Media 14.09%
ARMs/Mortgages 30.45 Finance/Banking 8.64%
Cash & cash equivalents 2.22 Diversified Industrials 9.34
Municipals 6.51 Municipals 6.51
Energy 4.15
Ratings (as a % of net assets)
AAA 39.18%
A 6.67% Weighted Average Maturity 8.2 years
BBB 21.54 Weighted Average Duration 4.56 years
BB 6.05
B 23.84
Non-rated 2.50
Below B 0.22
CONTACT: Linda Buckley, 201/902-5450 |
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