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Fort Dearborn Income Securities, Inc. Appoints New President

  //business-finance.news-articles.net/content/201 .. ncome-securities-inc-appoints-new-president.html
  Published in Business and Finance on Friday, May 21st 2010 at 14:10 GMT by Market Wire
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CHICAGO--([ BUSINESS WIRE ])--The Board of Directors for Fort Dearborn Income Securities, Inc. (NYSE: FDI) (the aFunda) today appointed Mark E. Carver to succeed Kai R. Sotorp as President of the Fund.

Fort Dearborn Income Securities, Inc. is a closed-end bond fund managed by UBS Global Asset Management (Americas) Inc. The Fund invests principally in investment grade, long-term, fixed income debt securities. The primary objective of the Fund is to provide its shareholders with:

• A stable stream of current income consistent with external interest rate conditions, and
• A total return over time that is above what they could receive by investing individually in the investment grade and long-term maturity sectors of the bond market.