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Fort Dearborn Income Securities, Inc. a" Reports Earnings

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^{Published in Business and Finance on Tuesday, May 31st 2011 at 14:20 GMT by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--Fort Dearborn Income Securities, Inc. (the aFunda) (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 second quarter and fiscal year-to-date ended March 31, 2011.

For the fiscal second quarter ended March 31, 2011, the Fund's earnings from net investment income were $1,650,024, equal to $0.19 per share. During this period, the Fund paid net investment income distributions of $1,667,376, equal to $0.19 per share. Total net realized and unrealized losses from investment activities were $(479,580) equal to $(0.05) per share, for the same period. This compares to earnings from net investment income of $618,605, equal to $0.07 per share; distributions paid from net investment income of $1,755,133, equal to $0.20 per share; and total net realized and unrealized gains from investment activities of $2,929,308 equal to $0.33 per share, for the fiscal second quarter ended March 31, 2010.

For the six months ended March 31, 2011, the Funda™s earnings from net investment income were $3,367,756, equal to $0.38 per share. The Fund also has undistributed retained earnings from net investment income of $2,096,061 equal to $0.24 per share. During this period, the Fund paid distributions of $4,756,410, equal to $0.54 per share, short term capital gains distributions of $3,606,798, equal to $0.41 per share and long-term capital gains distributions of $149,186, equal to $0.02 per share. Total net realized and unrealized losses from investment activities were $(5,843,570) equal to $(0.67) per share, for the same period. This compares to earnings from net investment income of $2,407,237, equal to $0.27 per share; distributions paid from net investment income of $3,510,266, equal to $0.40 per share and short term capital gains distributions of $2,580,046, equal to $0.29 per share, for the six months ended March 31, 2010. Total net realized and unrealized gains from investment activities were $1,255,290 equal to $0.14 per share, for the six months ended March 31, 2010.

On March 31, 2011, total net assets of the Fund were $141,253,256. The net asset value per share was $16.10, based on 8,775,665 shares outstanding, which represents a decrease of 0.74% from the net asset value per share of $16.22 ($142,345,497 attributable to 8,775,665 shares outstanding) on March 31, 2010.