Market Overview

Fort Dearborn Income Securities, Inc. – Reports Earnings

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CHICAGO--(BUSINESS WIRE)--

Fort Dearborn Income Securities, Inc. (the "Fund") (NYSE: FDI), a closed-end management investment company seeking a stable stream of current income consistent with external interest rate conditions and a total return over time that is above what shareholders could receive by investing individually in the investment grade and long-term maturity sectors of the bond market, today announced its performance for the fiscal fourth quarter and fiscal year-to-date ended September 30, 2015.

For the fiscal fourth quarter ended September 30, 2015, the Fund's earnings from net investment income were $1,424,352, equal to $0.16 per share.1 During this period, the Fund paid distributions from net investment income of $1,426,046, equal to $0.1625 per share. Total net realized and unrealized losses from investment activities were $(4,571,609), equal to $(0.52) per share, for the same period.

For the fiscal year ended September 30, 2015, the Fund's earnings from net investment income were $5,772,397, equal to $0.66 per share.1 During this period, the Fund paid distributions from net investment income of $5,638,364 equal to $0.642 per share, and long-term capital gains distributions of $480,029 equal to $0.055 per share. Total net realized and unrealized losses from investment activities were $(8,518,929), equal to $(0.97) per share for the same period.

On September 30, 2015, total net assets of the Fund were $131,472,785. The net asset value per share was $14.98, based on 8,775,665 shares outstanding.

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The current net investment income is derived directly from the accounting records which may be different than net investment income for financial statement reporting purposes included in the Fund's shareholder report. This represents a methodology change from prior earnings releases that utilized adjusted net investment income for financial statement reporting purposes. Therefore, prior reported numbers may not be directly comparable to those noted above and going forward.

 

Investing in the Fund entails specific risks, such as interest rate, credit and US government securities risks as well as derivatives risk.

Further detailed information regarding the Fund, including a discussion of investment objectives, principal investment strategies and principal risks, may be found in the fund overview located at http://www.ubs.com/us-closedendfunds. You may also request copies of the fund overview by calling the Closed-End Funds Desk at 888-793 8637.

UBS Asset Management
Closed-End Funds Desk: 888-793-8637
ubs.com

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