Printer Friendly

BAKER FENTRESS ANNOUNCES 1991 YEAR-END RESULTS

 BAKER FENTRESS ANNOUNCES 1991 YEAR-END RESULTS
 CHICAGO, Jan. 24 /PRNewswire/ -- Baker, Fentress & Company


(NYSE: BKF), a closed-end investment company, today reported results for the year ended Dec. 31, 1991. The 1991 net asset value total return was 27.1 percent, assuming reinvestment of ordinary income dividends and capital gain distribution. The market price total return performance for the Baker Fentress shareholder who reinvested all dividend and capital gain distributions was 34.1 percent for 1991.
 After payment to shareholders of $32.4 million in total ordinary income dividends and capital gain distribution during the 1991 calendar year, net assets at Dec. 31, 1991 totaled $417.4 million compared to 1990 year-end net assets of $350.2 million. On a per-share basis, net asset value increased from $18.66 to $21.49. Shares outstanding increased by approximately 3.5 percent, reflecting shareholder reinvestment of the 1991 capital gain distribution.
 Total distributions in 1991 were $1.725 per share, consisting of $1.15 per share of long-term capital gain distribution and of $0.575 per share in ordinary income dividends. These distributions represented 8.4 percent of average net asset value for the 12-month period ended Oct. 31, 1991, which is in excess of the company's 8 percent minimum distribution policy. Based on average market value of Baker Fentress stock for the same period, the total payout percentage was 10.3 percent.
 BAKER, FENTRESS AND COMPANY
 Year ended Dec. 31: 1991 1990
 Net investment income $ 9,879,667 $ 12,286,772
 Total net assets $417,354,681 $350,200,190
 Shares outstanding 19,422,829 18,763,957
 Net assets value per share $21.49(A) $18.66
 (A) -- After $1.15 long-term capital gain distribution paid in December 1991.
 -0- 1/24/92
 /CONTACT: James P. Koeneman, 312-236-9190, or Phillip A. Urion, 312-346-0123, both of Baker, Fentress & Co./
 (BKF) CO: Baker Fentress & Co. ST: Illinois IN: FIN SU: ERN


TS -- NY007 -- 3119 01/24/92 08:12 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 24, 1992
Words:327
Previous Article:MERCEDES DEMONSTRATES FIRST AUTOMOTIVE USE OF CFC-FREE AIR CONDITIONING SYSTEM; NEW REFRIGERANT TO REPLACE OZONE-DEPLETING CFCS
Next Article:U.S. COURT OF APPEALS UPHOLDS INJUNCTION AGAINST ROPAK IN PERSTORP XYTEC PATENT INFRINGEMENT LAWSUIT
Topics:


Related Articles
BAKER FENTRESS DECLARES YEAR-END $0.20 DIVIDEND PLUS $1.15 1991 CAPITAL GAIN DISTRIBUTION
BAKER FENTRESS ANNOUNCES FIRST-QUARTER RESULTS AND MID-YEAR DIVIDEND
BAKER FENTRESS ANNOUNCES THIRD QUARTER RESULTS
BAKER FENTRESS DECLARES YEAR-END $.19 DIVIDEND; 1992 CAPITAL GAIN DISTRIBUTION TOTALS $1.42
BAKER FENTRESS ANNOUNCES 1992 YEAR-END RESULTS
BAKER FENTRESS ANNOUNCES FIRST QUARTER RESULTS AND MID-YEAR DIVIDEND
BAKER FENTRESS ANNOUNCES MID-YEAR RESULTS
BAKER FENTRESS RIGHTS OFFERING FULLY SUBSCRIBED
Baker Fentress Targets Total Distributions For 1997 and 1998 at 12 Percent Per Year
Baker Fentress Announces Midyear Results

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters