|
Fort Dearborn Income Securities, Inc.
Ticker Symbol: FDI* CUSIP: 347200107 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/20/2016
FUND DESCRIPTION: Fort Dearborn Income Securities, Inc. is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The primary objective of Fort Dearborn 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. FUND STRATEGY: The Fund seeks to achieve its objective by investing principally in investment grade long-term fixed income debt securities. FUND MANAGEMENT: The Fund’s investment advisor and administrator is UBS Global Asset Management (Americas) Inc., an indirect wholly owned asset management subsidiary of UBS AG (NYSE: UBS).
|
Notes: April 19, 2016 -- Fort Dearborn Income Securities, Inc. held a special meeting of shareholders on April 18, 2016 at which the shareholders approved the Fund's reorganization into the class P shares of a newly created open-end mutual fund, UBS Total Return Bond Fund (ticker symbol: UTBPX). The reorganization, approved at the Fund's special meeting of shareholders, is currently scheduled for Friday, May 20, subject to satisfaction of certain closing conditions, and will result in FDI shareholders becoming shareholders of UTBPX. To facilitate the transition from a closed-end fund to an open-end fund, FDI will close its transfer books on Tuesday, May 17 and FDI shares will cease trading on the New York Stock Exchange. After that time, holders of FDI shares will not be able to sell their shares on the stock exchange and their investment will be temporarily illiquid. However, assuming the reorganization takes place on May 20, effective Monday, May 23, the first business day following the reorganization, UTBPX shareholders may redeem their shares at net asset value, subject to a temporary 2% redemption fee. The temporary redemption fee will remain in effect for 90 days following the date of the reorganization (or until August 22, 2016).
|
IPO - 7/27/1973 -
Previous Ticker Symbol: FTD Changed: 1/18/2005
Small Cap Stock -
Market Value $124.0 Million
|
Company's Online Information Links
|
| Company's Online SEC EDGAR Filings |
| Address and Phone Numbers |
| Address: One N. Wacker Drive, Chicago, IL 60606 |
| Main Phone Number |
312-525-5000 |
| Fax Number |
Not Available |
| Investor Contact
|
888-793-8637
|
| Toll Free Phone Number |
888-793-8637 |
| PRS - Kai R. Sotorp |
TRS - Thomas Disbrow |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
