Global High Income Dollar Fund Inc. -- Distribution Declaration and Portfolio Statistics.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 13, 2001 Global High Income Dollar Fund Inc. (NYSE NYSE See: New York Stock Exchange : GHI GHI Group Health Incorporated (HMO) GHI German Historical Institute (Washington, DC) GHI Ghost Hunters International GHI Geohazards International GHI Gustav Heinemann-Initiative ), a non-diversified, closed-end management investment company seeking high current income and secondarily capital appreciation through investments primarily in securities of emerging market debt issuers, today announced that the Fund's Board of Directors has declared a dividend of $0.1314 per share. The dividend is payable August 31, 2001 to shareholders of record as of August 23, 2001. 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 August 21, 2001. The Fund adopted a managed distribution policy in December 1999, under which the Fund makes regular monthly distributions at an 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. rate equal to 11% of the Fund's net asset value, as determined as of the last day on which the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. is open for trading during the first week of that month. To the extent that the Fund's taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. in any fiscal year exceeds the aggregate amount distributed based on a fixed percentage of its net asset value, the Fund would make an additional distribution in the amount of that excess near the end of the fiscal year. To the extent that the aggregate amount distributed by the Fund based on a fixed percentage of its net asset value exceeds its taxable income, the amount of that excess would constitute a return of capital for tax purposes. Monthly distributions based on a fixed percentage of the Fund's net asset value may require the Fund to make multiple distributions of long-term capital gains Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. during a single fiscal year. The Fund has received exemptive relief from the Securities and Exchange Commission that enables it to do so. The Fund's Board will annually reassess reassess Verb to reconsider the value or importance of reassessment n Verb 1. reassess - revise or renew one's assessment reevaluate the annualized percentage of 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 which the Fund's monthly distributions will be made.
Portfolio Statistics (% of net assets) as of July 31, 2001
Asset Allocation
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U.S. Dollar Denominated Sovereign Debt 70.7 %
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Other Emerging Market Debt 19.8
(< 3% of net assets per credit)
Mexico 12.2
Russia 11.4
Brazil 8.1
Argentina 5.0
Venezuela 4.2
Korea 3.5
Trinidad & Tobago 3.4
Bulgaria 3.1
U.S. Dollar Denominated Corporate Debt 2.3 %
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Foreign Currency Debt 3.4 %
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Polish zloty 1.3
Hungarian forint 2.1
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Cash & Net Interest Receivable 23.6 %
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Total 100.0 %
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Currency Exposure
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U.S. Dollar 96.6 %
Total Foreign Currency 3.4 %
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Unhedged 3.4
Cross-Hedged 0.0
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Total 100.0 %
Credit Quality
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A1/P1 23.6 %
A 3.5
BBB 15.8
BB 20.2
B 27.9
CCC 6.0
Non-Rated 3.0
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Total 100.0 %
Characteristics
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Market Yield* 11.64 %
NAV Yield* 11.06 %
IPO Yield* 10.51 %
Market Price $13.55
Net Asset Value $14.26
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*Market yield is calculated by multiplying the current month's distribution by 12 and dividing by the month-end market price. NAV See navigation system and navigation bar. yield is calculated by multiplying the current month's distribution by 12 and dividing by the month-end net asset value. IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. yield is calculated by multiplying the current month's distribution by 12 and dividing by the initial public offering price. Prices and yields will vary. The Fund is actively managed and the composition of its portfolio will vary over time. Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : The symbol immediately before the "3%", under the Other Emerging Market Debt line item of the Asset Allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. table information is a Less Than Sign. It may not appear in some databases. |
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