Insured Municipal Income Fund Inc. -- Dividend Declaration, Long-Term Capital Gain Distribution and Updated Price & Yield Information.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Insured Municipal Income Fund Inc. (the "Fund") (NYSE NYSE See: New York Stock Exchange : PIF (Program Information File) A data file in Windows 3.x and NT that stores window settings for DOS applications. It allows screen size, fonts and other options to be selected in order to customize the way the DOS app appears under Windows. ), a closed-end management investment company normally investing substantially all of its assets in a diversified portfolio of tax-exempt municipal obligations, with common and preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. outstanding, today announced that the Fund's Board of Directors has declared a dividend from net investment income of $0.05 per share of common stock and a distribution from long-term capital gains of $0.034 per share of common stock for an aggregate of $0.084 per share of common stock. The dividend and distribution are payable on December 29, 2006 to common shareholders of record as of December 21, 2006. The ex-dividend date is December 19, 2006. Under normal circumstances, the Fund invests at least 80% of its net assets in insured municipal obligations, the income from which is exempt from regular federal income tax. Characteristics as of November 30, 2006:* Net AssetValue $15.22 Market Price $13.20 NAV Yield 3.94% Market Yield 4.55% * Net asset value (NAV See navigation system and navigation bar. ), market price and yields will fluctuate. NAV yield is calculated by multiplying the current month's net investment income dividend by 12 and dividing by the month-end net asset value. Market yield is calculated by multiplying the current month's net investment income dividend by 12 and dividing by the month-end market price. |
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