Nations Government Income Term Trust 2004 Declares Dividend

Strategic Insights -

The board of directors of Nations Government Income Term Trust 2004, Inc. has declared a dividend of $0.0538 per share, representing earnings for the month of July 1995. The dividend is payable to shareholders of record on July 14, 1995, and will be distributed on July 28, 1995. This announcement marks the latest development in the Trust's efforts to provide investors with a high level of current income while preserving capital. The Trust's investment objective is to return $10 per share to investors on or about February 28, 2004, by actively managing its portfolio of high-quality fixed income securities.

Key Takeaways:

  • The board of directors of Nations Government Income Term Trust 2004, Inc. declared a dividend of $0.0538 per share for the month of July 1995.
  • The dividend is payable on July 28, 1995, to shareholders of record on July 14, 1995.
  • The annualized yield for the month ending June 30, 1995, is 6.46%, based on the Trust's initial offering price of $10.
  • The current yield based on the NYSE closing price of $7.75 on June 30, 1995, was 8.33%.
  • The Trust's investment objective is to return $10 per share to investors on or about February 28, 2004, by actively managing its portfolio of high-quality fixed income securities.
  • The Trust's investment adviser is NationsBank of North Carolina, based in Charlotte, N.C.
  • The investment objective is to pay a high level of current income consistent with investing in securities of high credit quality.

Statistics:

  • Dividend amount: $0.0538 per share
  • Dividend payable date: July 28, 1995
  • Dividend record date: July 14, 1995
  • Annualized yield: 6.46%
  • Current yield: 8.33%
  • Initial offering price: $10
  • NYSE closing price on June 30, 1995: $7.75

Sources:

  • BUSINESS WIRE - July 3, 1995
  • Press release from Nations Government Income Term Trust 2004, Inc.