Fort Dearborn Income Securities, Inc. - Reports Earnings

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Fort Dearborn Income Securities, Inc. - Reports Earnings

CHICAGO--(BUSINESS WIRE)-- Fort Dearborn Income Securities, Inc. (the "Fund") (NYS: 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 third quarter and fiscal year-to-date ended June 30, 2013.

For the fiscal third quarter ended June 30, 2013, the Fund's earnings from net investment income were $1,339,655 equal to $0.15 per share. During this period, the Fund paid distributions from net investment income and short-term capital gains of $1,535,741, equal to $0.175 per share. Total net realized and unrealized losses from investment activities were $7,724,057, equal to $0.88 per share, for the same period. This compares to earnings from net investment income of $1,472,095, equal to $0.17 per share; distributions paid from net investment income and retained earnings of $1,535,741, equal to $0.175 per share; and total net realized and unrealized gains from investment activities of $4,257,199, were equal to $0.49 per share, for the fiscal third quarter ended June 30, 2012.


For the nine months ended June 30, 2013, the Fund's earnings from net investment income were $4,077,443, equal to $0.46 per share. During this period, the Fund paid distributions from net investment income, retained earnings and short-term capital gains of $4,607,224, equal to $0.525 per share, short-term capital gains distributions of $3,387,407, equal to $0.386 per share and long-term capital gains distributions of $3,834,965 equal to $0.437 per share. Total net realized and unrealized losses from investment activities were $9,282,319, equal to $1.06 per share, for the same period. This compares to earnings from net investment income of $4,424,617, equal to $0.50 per share; and undistributed retained earnings from net investment income of $582,585, equal to $0.07 per share; distributions paid from net investment income and retained earnings of $4,738,859, equal to $0.54 per share, short-term capital gains distributions of $2,966,175, equal to $0.338 per share and long-term capital gains distributions of $3,317,201, equal to $0.378 per share, for the nine months ended June 30, 2012. Total net realized and unrealized gains from investment activities were $6,263,011, equal to $0.71 per share, for the nine months ended June 30, 2012.

On June 30, 2013, total net assets of the Fund were $139,756,603. The net asset value per share was $15.93, based on 8,775,665 shares outstanding, which represents a decrease of 7.65% from the net asset value per share of $17.25 ($151,359,946 attributable to 8,775,665 shares outstanding) on June 30, 2012.

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

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

KEYWORDS:   United States  North America  Illinois

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