Scudder Global High Income Fund Announces Dividend.NEW YORK--(BUSINESS WIRE)--July 1, 1999-- The Board of Directors of Scudder Global High Income Fund, Inc. (NYSE NYSE See: New York Stock Exchange : LBF LBF Pounds of Force LBF North Platte, NE, USA - Lee Bird Field (Airport Code) LBF Load Balancing Factor LBF Low Budget Film LBF Libra Force LBF Long Beam Flexural Strength LBF Local Basis Function Method ), today declared a dividend of $0.150 per share, payable on July 30, 1999 to stockholders of record as of July 20, 1999. The current distribution rate represents 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. yield of 10.7% based on the June 30, 1999 closing market price of $5.63, and a 10.2% yield based on the NAV See navigation system and navigation bar. of $5.88 on June 30, 1999. Both the distribution rate and the yield are based on current market conditions and may not be indicative of future performance. Scudder Global High Income Fund, Inc., a non-diversified closed-end management investment company (mutual fund), is listed on 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. under the symbol LBF. The Fund's investment objective is to seek high current income through investment in a portfolio of emerging markets debt instruments. Scudder Kemper Investments, Inc., the global asset management business of 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, is one of the largest and most experienced investment management organizations in the world, managing more than $280 billion in assets for institutional and corporate clients, retirement and pension plans, insurance companies, mutual fund investors, and individuals. Headquartered in New York, Scudder Kemper 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion