CHICAGO--(BUSINESS WIRE)--The Board of Directors for Fort Dearborn Income Securities, Inc. (the “Fund”) (NYSE: FDI) today declared a quarterly dividend of $0.175 per share (which as of the date of declaration was comprised primarily of current net investment income, and included short-term capital gains as well as a small return of capital), payable on June 28, 2013 to shareholders of record as of June 24, 2013. The ex-dividend date is June 20, 2013.
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.
