Six Scudder Closed-End Funds Declare Distributions.Business Editors CHICAGO--(BUSINESS WIRE)--Aug. 3, 2001 Six of the closed-end funds managed by Zurich Scudder Investments, Inc. declared distributions today. All distributions are payable August 31, 2001 to shareholders of record on August 15, 2001. The "Ex Date" is August 13, 2001. Scudder High Income Trust (NYSE NYSE See: New York Stock Exchange symbol: KHI khi n. Variant of chi1. ) declared a monthly dividend of $0.0675 per share. The monthly distribution has been lowered to more closely reflect the current earnings of the Fund. As of August 2, 2001, the distribution rate represented a 13.37% yield on a NAV See navigation system and navigation bar. of $6.06 and a 9.62% yield on a market price of $8.42. The previous monthly dividend was $0.075 per share. The Fund's initial offering was April 21, 1988. Scudder Intermediate Government Trust (NYSE symbol: KGT KGT Key Generator Transmitter KGT Klingon for the Galactic Traveller ) declared a monthly distribution of $0.04 per share. The current earnings of the Fund are lower than the prevailing monthly distribution. The previous monthly distribution was $0.04 per share. The Fund's initial offering was July 21, 1988. Scudder Municipal Income Trust (NYSE symbol: 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) ) 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 Multi-Market Income Trust (NYSE symbol: KMM KMM Keyboard/Monitor/Mouse KMM Keep Middlesex Moving (New Brunswick, NJ) KMM Kitco Minerals and Metals KMM K-Meleon Macro KMM Knowledge Management and Marketing KMM Key Management Message ) declared a monthly dividend of $0.0775 per share. The previous monthly dividend was $0.0775 per share. The Fund's initial offering was January 23, 1989. Scudder Strategic Municipal Income Trust (NYSE symbol: 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 ) 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 symbol: KST) declared a monthly dividend of $0.10 per share. The monthly distribution of the Fund has been lowered to more closely reflect the current earnings of the Fund. A portion of the Fund's distributions may constitute a return of capital, although such determination cannot be made until the fiscal year-end of the Fund. As of August 2, 2001, the distribution rate represented a 10.16% yield on a NAV of $11.81 and an 8.78% yield on a market price of $13.67. 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. |
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