UBS Global Asset Management
New York, February 14, 2007 -- Fort Dearborn Income Securities, Inc. (the "Fund") (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 first quarter and fiscal year-to-date ended December 31, 2006.
For the fiscal first quarter and fiscal year-to-date ended December 31, 2006, the Fund's earnings from net investment income were $1,814,858, equal to $0.21 per share. During this period, the Fund paid distributions of $1,755,133, equal to $0.20 per share. Total net realized and unrealized losses from investment transactions were ($118,786), equal to ($0.01) per share, for the same period. This compares to earnings from net investment income of $1,850,204, equal to $0.21 per share; distributions paid of $3,168,015, equal to $0.36 per share; and total net realized and unrealized gains from investment transactions of $1,105,050, equal to $0.13 per share, for the fiscal first quarter ended December 31, 2005.
On December 31, 2006, total net assets of the Fund were $138,840,412. The net asset value per share was $15.82, based on 8,775,665 shares outstanding, which represents a decrease of 0.88% from the net asset value per share of $15.96 ($140,047,781 attributable to 8,775,665 shares outstanding) on December 31, 2005.
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