Froley, Revy Convertible Bond Index Reports Total Return of 9.36% Year-to-Date.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Oct. 5, 2000 The Froley, Revy Convertible Bond Index(R), one of the oldest continuous measurements of U.S. convertible bond performance and an industry benchmark for more than two decades, reported a total return of 9.36% year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. through Sept. 30, 2000. Convertible bond prices were up 5.66% for the same period. For the month ending Sept. 30, 2000, the Index registered a total return of negative 2.82%, with prices down 3.20%. For the quarter ended Sept. 30, 2000, the Index registered a total return of 3.06%, with prices up 1.89%. Current yield for the Index equaled 4.79% at Sept. 30, 2000. The Froley, Revy Convertible Bond Index tracks price performance of 50 representative convertible issues, with coupon interest reinvested to create a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. , compounded total return. Historical performance tables for the Index may be obtained by calling Ivan Ivan - A Diana-like language making up part of VHDL. ["VHDL - The Designer Environment", A. Gilman, IEEE Design & Test 3, (Apr 1986)]. Perez at 310/208-4938. Froley, Revy Investment Co. Inc., an investment management and advisory firm established in 1975, manages assets of more than $3.0 billion, primarily for public pension funds, corporate pension and profit-sharing plans Profit-Sharing Plan A plan that gives employees a share in the profits of the company. Each employee receives into an account, a percentage of those profits based on their earnings. Also known as "deferred profit-sharing plan" or "DPSP". , insurance companies and Taft-Hartley pension plans. |
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