Five Scudder Closed-End Funds Declare Distributions.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 5, 2001 Five of the closed-end funds managed by Zurich Scudder Investments, Inc. declared distributions today. All distributions are payable January 31, 2001, to shareholders of record on January 16, 2001. The "Ex Date" is January 11, 2001. Scudder High Income Trust (NYSE NYSE See: New York Stock Exchange :KHI khi n. Variant of chi1. ), (formerly known as Kemper High Income Trust) declared a monthly dividend of $0.075 per share. As of January 2, 2001, the distribution rate represents a 14.50% yield on a NAV See navigation system and navigation bar. of $6.21 and a 12.31% yield on a market price of $7-5/16. The previous monthly dividend was $0.081 per share. The Fund's initial offering was April 21, 1988. Scudder Intermediate Government Trust (NYSE:KGT KGT Key Generator Transmitter KGT Klingon for the Galactic Traveller ), (formerly known as Kemper Intermediate Government Trust) declared a monthly distribution of $0.045 per share. A portion of the $0.045 distribution may constitute a return of capital. The previous monthly distribution was $0.045 per share. The Fund's initial offering was July 21, 1988. Scudder Municipal Income Trust (NYSE:KTF KTF Korea Telecom Freetel KTF Keep The Faith KTF Keeping the Faith KTF Kauai Test Facility (Sandia National Laboratories, US) KTF Kemisk-Tekniska Leverantörförbundet (Swedish union of chemical technical suppliers) ), (formerly known as Kemper Municipal Income Trust) declared a monthly dividend of $0.06 per common share. The previous monthly dividend was $0.06 per common share. The Fund's initial offering was October 20, 1988. Scudder Strategic Municipal Income Trust (NYSE:KSM KSM Kellogg School of Management KSM Korean Service Medal KSM St. Mary's, Alaska (Airport Code) KSM Key Service Message (FIPS) KSM Khalid Shaik Mohammed KSM Knowledge Structure Map ), (formerly known as Kemper Strategic Municipal Income Trust) declared a monthly dividend of $0.0625 per common share. The previous monthly dividend was $0.0625 per common share. The Fund's initial offering was March 22, 1989. Scudder Strategic Income Trust (NYSE:KST), (formerly known as Kemper Strategic Income Trust) declared a monthly dividend of $0.13 per share. The previous monthly dividend was $0.13 per share. The Fund's initial offering was April 29, 1994. About Zurich Scudder Investments Zurich Scudder Investments, Inc., a leading global investment management firm, is a member of the Zurich Financial Services Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. Global operations North America The US consumer market is served primarily by Farmers Insurance Group the third largest personal lines property & casualty insurance Group. Zurich Scudder Investments is one of the largest and most experienced investment management organizations in the world, managing more than USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 360 billion in assets for corporate clients, retirement and pension plans, insurance companies, mutual fund investors, and individuals worldwide. Headquartered in New York, Zurich Scudder Investments offers a full range of investment counsel and asset management capabilities, based on a combination of proprietary research and disciplined, long-term investment strategies. Headquartered in Zurich, Switzerland, Zurich Financial Services Group is one of the global leaders in the financial services industry, providing its customers with products and solutions in the area of financial protection and asset accumulation. |
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