PaineWebber Premier Insured Municipal Income Fund Reports Performance for Third Fiscal Quarter

Strategic Insights -

PaineWebber Premier Insured Municipal Income Fund Inc. announced its performance for the third fiscal quarter ended December 31, 1994. The Fund's earnings from net investment income were $4,425,616, equal to $0.21 per common share, but after dividends paid to preferred shareholders, the earnings available to common shareholders were $3,211,542, or $0.16 per common share. This compares to a net investment income of $4,015,393, or $0.25 per common share, and net realized and unrealized losses of $(1,891,407), or $(0.12) per common share for the same period in 1993. Over the period from April 1, 1994 to December 31, 1994, the Fund's earnings from net investment income were $12,665,764, or $0.61 per common share, with total net realized and unrealized losses of $(18,401,575), or $(0.89) per common share.

Key Takeaways:

  • The PaineWebber Premier Insured Municipal Income Fund Inc. reported a net investment income of $4,425,616 for the third fiscal quarter ended December 31, 1994.
  • After dividends paid to preferred shareholders, the Fund's earnings from net investment income available to common shareholders were $3,211,542, or $0.16 per common share.
  • The Fund's earnings from net investment income were $12,665,764 over the period from April 1, 1994 to December 31, 1994, or $0.61 per common share.
  • Total net realized and unrealized losses for the period from April 1, 1994 to December 31, 1994 were $(18,401,575), or $(0.89) per common share.
  • The net asset value per common share was $11.99, representing a decrease of 22.99% from the net asset value per common share of $15.57 at the end of 1993.
  • The Fund's total net assets were $397,419,664 on December 31, 1994, with net assets attributable to common shareholders of $247,419,664.

Statistics:

  • Net earnings from net investment income: $4,425,616
  • Earnings available to common shareholders: $3,211,542
  • Net investment income per common share: $0.21
  • Earnings available to common shareholders per common share: $0.16
  • Net investment income: $12,665,764
  • Total net realized and unrealized losses: $(18,401,575)
  • Net asset value per common share: $11.99
  • Total net assets: $397,419,664
  • Net assets attributable to common shareholders: $247,419,664

Sources:

  • BUSINESS WIRE, "PaineWebber Premier Insured Municipal Income Fund Reports Performance for Third Fiscal Quarter," February 14, 1995.