Hyperion 1997 Term Trust, Inc. Dividend Declaration February 10, 1995.
The Hyperion 1997 Term Trust, Inc. is a diversified, closed-end management investment company. The Trust's investment objectives are to provide shareholders with a high level of current income consistent with investing in securities of the highest credit quality and to return at least $10.00 per share (the Trust's initial public offering price per share) to investors on or shortly before November 30, 1997. All securities in which the Trust invests will be either (i) issued or guaranteed by the U.S. Government or one of its agencies or instrumentalities or (ii) at the time of investment, rated in the highest rating category by a nationally recognized agency (e.g., AAA by Standard & Poor's Corporation or Aaa by Moody's Investors Service, Inc.).
The Trust is actively managed to take advantage of relative value opportunities in various sectors of the mortgage market. The Trust is currently managed with an average duration of 3 to 5 years. Currently, the average life of the securities in the portfolio is approximately 3.5 years.
Portfolio Breakdown as of February 9, 1995 As a percentage of investments Mortgage-Backed Securities 19.34% Collateralized Mortgage Obligations (CMOs) 26.30% Municipal Securities 17.72% Asset-Backed Securities 18.54% Adjustable Rate Mortgages (ARMs) 1.43% Interest-Only Securities (IOs) 3.82% PAC IOs 1.45% Principal-Only Securities (POs) 2.16% Treasuries 9.24%
The Trust's investment adviser is Hyperion Capital Management, Inc., a registered investment adviser based in New York with approximately $4 billion in assets under management. Additional information on the Trust's assets and performance is available by calling Hyperion Fund Marketing at (800) HYPERION or by calling Prudential Mutual Fund Management, Inc. (212) 214-5572.
CONTACT: Prudential Mutual Fund Management, Inc.
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|Date:||Feb 10, 1995|
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