Dividend Declaration -- Hyperion 2002 Term Trust, Inc.Business Editors NEW YORK--(BUSINESS WIRE)--October 5, 2001 The Board of Directors of the Hyperion 2002 Term Trust, Inc. (the "Trust") (NYSE NYSE See: New York Stock Exchange : HTB HTB Holy Trinity Brompton (Church in London, UK; Home of Alpha Course) HTB Healthcare Transaction Base HTB Hierarchical Token Buckets (packet scheduling algorithm) HTB Heterojunction Bipolar Transistor ) declared a monthly dividend of $0.001 per share. This dividend is payable on October 25, 2001, to shareholders of record on October 16, 2001. The ex-dividend date is October 12, 2001. This dividend represents a monthly annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. return of 0.12% based on the initial public offering price of $10.00 per share. The current yield on the Trust based on the NYSE closing price of $9.54 on October 4, 2001 is 0.13%. On October 4, 2001, the Net Asset Value ("NAV See navigation system and navigation bar. ") per share was $9.80. The Trust is a diversified closed-end management investment company. All securities in which the Trust invests will be either (i) issued or guaranteed by the U.S. Government or one of its agencies or instrumentalities or (ii) rated in the highest rating category by a nationally recognized agency (e.g., AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. by Standard & Poor's Corporation or Aaa by Moody's Investors Service Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. , Inc. or AAA by Fitch IBCA IBCA International Braille Chess Association IBCA Institute of Burial and Cremation Administration IBCA Integrated Business Communications Alliance IBCA International Barbeque Cookers Association IBCA Department of Interior Board of Contract Appeals , Inc.) at the time of investment. No assurance can be given that the Trust's investment objectives will be achieved. As of September 30, 2001, the Trust is being managed with an average duration of 1.26 years as measured on a net assets basis. The average duration of gross assets is 1.13 years. Leverage represents 27.9 % of net assets.
Portfolio of Investments as of September 30, 2001:
Sector Allocation - as a Percentage of Gross Assets
Agency Collateralized Mortgage Obligations ("CMOs") 48.5%
Non-Agency Collateralized Mortgage Obligations ("CMOs") 16.3%
Agency Pass-throughs 1.3%
Municipal Securities 0.3%
Asset-Backed Securities 33.6%
Credit Allocation - as a Percentage of Gross Assets
Government / Agency 49.9%
AAA-rated 50.1%
The Trust's investment advisor, Hyperion Capital Management, Inc., is a leading investment management firm, and with its affiliate, manages $6.2 billion in assets. Additional information on the Trust's assets and performance is available by calling Hyperion Fund Marketing at (800) HYPERION, or writing to One Liberty Plaza One Liberty Plaza is a skyscraper in lower Manhattan, New York, which resides at the location of the former Singer Building (in 1968, the second tallest building to be demolished). One Liberty Plaza is currently owned and operated by Brookfield Properties. , 165 Broadway, 36th Floor, New York, NY 10006. |
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