Cutwater Select Income Fund Declares Quarterly Dividend
ARMONK, N.Y.--(BUSINESS WIRE)-- The Cutwater Select Income Fund (NYS: CSI) (the "Fund") declared a dividend of $0.265 on June 26, 2013, payable on August 27, 2013, to shareholders of record at the close of business on July 26, 2013, with a Net Asset Value and New York Stock Exchange ex-dividend date of July 24, 2013 and a comparison date of August 23, 2013.
The dividend of $0.265 per share would equate to an annual dividend payment for the last four quarters of $1.06 per share.
The Fund's investment objective is to seek a high rate of return from interest income and trading activity. The Fund will also seek capital appreciation by purchasing debt securities at prices that the Fund's advisor, Cutwater Investor Services Corp., believes are below their intrinsic value. The Fund will also look to benefit from trading securities to optimize the risk adjusted yields.
A portion of a Fund's current distribution may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution from income or gains of a Fund. As required under the Investment Company Act of 1940, as amended, a notice with the estimated components of the distribution will be sent to shareholders at the time of payment if it does not consist solely of net investment income. Such notice will also be posted to the Fund's website atwww.cutwater.com. The notice should not be used to prepare tax returns as the estimates indicated in the notice may differ from the ultimate federal income tax characterization of distributions. After the end of each calendar year, investors will be sent a Form 1099-DIV informing them how to report distributions received during that year for federal income tax purposes.
Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.
An investor should consider a Fund's investment objectives, risks, charges and expenses carefully before investing.
Declaration Date: June 26, 2013
For Cutwater Select Income Fund
Gautam Khanna, 866-333-6685
KEYWORDS: United States North America New York
The article Cutwater Select Income Fund Declares Quarterly Dividend originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.