CNA Income Shares Reports First Quarter 2000 Results.Business Editors CHICAGO--(BUSINESS WIRE)--April 17, 2000 CNA (Certified NetWare Administrator) See Novell certification. Income Shares, Inc. (NYSE NYSE See: New York Stock Exchange : CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. ) today announced that net income for the quarter ending March 31, 2000 was $2,240,401 or $.24 cents per average number of shares outstanding, compared with $2,106,730 or $.23 cents per average number of shares outstanding, for the quarter ending March 31, 1999. 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. at market value on March 31, 2000 totaled $78,551,594 or $8.55 per share, compared with $86,022,410 or $9.51 per share, on March 31, 1999. Total number of shares outstanding at March 31, 2000 and March 31, 1999 were 9,184,566 and 9,044,984 respectively. Continental Assurance Company, one of the CNA underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. companies, is the investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and to CNA Income Shares, Inc.
CNA INCOME SHARES, INC.
RESULTS FOR THE QUARTERS
ENDING MARCH 31, 2000 AND 1999
Quarter Ending March 31 2000 1999
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Net Income $2,240,401 $2,106,730
Net Income Per Average Number
of Shares Outstanding .24 .23
Net Assets at Market Value 78,551,594 86,022,410
Net Assets Per Share 8.55 9.51
Dividends Paid (April 15, 2000) 2,204,296 2,170,796
Dividends Paid Per Share .24 .24
Average Number of Shares Outstanding 9,184,566 9,023,322
Total Number of Shares Outstanding 9,184,566 9,044,984
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