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USLIFE INCOME FUND, INC. REPORTS OPERATING RESULTS FOR THE SIX MONTHS ENDED DEC. 31, 1991; QUARTERLY DIVIDEND DECLARED

 USLIFE INCOME FUND, INC. REPORTS OPERATING RESULTS FOR THE
 SIX MONTHS ENDED DEC. 31, 1991; QUARTERLY DIVIDEND DECLARED
 NEW YORK, Jan. 8 /PRNewswire/ -- USLIFE Income Fund, Inc. (NYSE: UIF), a closed-end investment company, reported today that net investment income from interest and dividends amounted to $2,499,842 or 47 cents per share for the six months ended Dec. 31, 1991, as compared to $2,549,810 or 48 cents per share for the similar period of the preceding year. Dividends totaling 46 cents were paid during the six- month period.
 For the six months ended Dec. 31, 1991, net realized gains from securities transactions amounted to $131,053. The decrease in unrealized losses on investment securities for the same period amounted to $3,711,468.
 The net assets of USLIFE Income Fund totaled $50,551,999 at Dec. 31, 1991, as compared to $45,327,292 on Dec. 31, 1990. Net asset value per share at Dec. 31, 1991, was $9.44 compared to $8.46 on Dec. 31, 1990.
 Board Declares Quarterly Dividend
 The board of directors of USLIFE Income Fund declared a quarterly dividend of 23 cents per share from net investment income. The dividend is payable on March 2, 1992 to shareholders of record on Feb. 18, 1992.
 USLIFE Income Fund, Inc. is managed by USLIFE Advisers, Inc., a subsidiary of USLIFE Corporation (NYSE: USH).
 USLIFE INCOME FUND, INC.
 Condensed Comparative Results of Operations
 Six months ended Dec. 31 1991 1990
 Interest and dividend income $2,821,308 $2,890,452
 Expenses 321,466 340,642
 Net investment income $2,499,842 $2,549,810
 Net investment income per share $.47 $.48
 Other pertinent data:
 Net realized gains (losses) from
 security transactions:
 Amount $131,053 $(245,253)
 Per share $.03 $(.05)
 Unrealized gains (losses) on
 investment securities:
 Amount $3,711,468 $(1,201,520)
 Per share $.69 $(.23)
 Net assets
 Total $50,551,999 $45,327,292
 Per share $9.44 $8.46
 Shares outstanding at Dec. 31 5,356,668 5,356,668
 -0- 1/8/92
 /CONTACT: Richard G. Hohn, vice president and secretary of USLIFE Income Fund, 212-709-6415/
 (UIF) CO: USLIFE Income Fund, Inc. ST: New York IN: FIN SU: ERN


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Publication:PR Newswire
Date:Jan 8, 1992
Words:377
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