UBS Global Asset Management
New York, October 10, 2005 -- Insured Municipal Income Fund Inc. (PIF), a closed-end management investment company normally investing substantially all of its assets in a diversified portfolio of tax-exempt municipal obligations, with common and preferred shares outstanding, today announced that the Fund's Board of Directors has declared a dividend from net investment income of $0.05 per share of common stock. The dividend is payable on October 31, 2005 to common shareholders of record as of October 20, 2005. The ex-dividend date is October 18, 2005. The amount of this dividend reflects the current earnings rate of the Fund. Previously, the Fund had been paying a monthly dividend of $0.055 per share of common stock. Under normal circumstances, the Fund invests at least 80% of its net assets in insured municipal obligations, the income from which is exempt from regular federal income tax.
|
|
Portfolio Statistics (% of total portfolio assets) as of September 30, 2005:(a) Top Ten States Top Five Sectors
----------------------------------- ----------------------------------
California 38.1% Water 24.9%
Texas 13.4 Power 19.3
New York 7.3 Hospital 5.0
Washington 6.4 Lease 4.2
Georgia 5.4 Airport 3.3
----------------------------------
Illinois 5.3 Total 56.7%
New Mexico 4.9
Pennsylvania 3.6 Characteristics
----------------------------------
Florida 3.0 Net Asset Value(b) $15.08
Ohio 2.3 Market Price(b) $13.17
-----------------------------------
Total 89.7% October 2005 Dividend (per
common share) $0.05
Leverage(c) 40.07%
Weighted Average Maturity 14.32
yrs.
Credit Quality Weighted Average Duration 4.21
yrs.
-----------------------------------
AAA/Aaa 94.4% Weighted Average Coupon 4.99%
----------------------------------
A1/P1 5.6
-----------------------------------
Total 100.0%
Price to Date Maturity/Call
Distribution
----------------------------------
2005 5.6%
Yields(b) 2006 2.9
-----------------------------------
NAV Yield 3.98% 2007 0.0
Market Yield 4.56% 2008 0.0
2009-2015 22.4
-----------------------------------
2016-2035 69.1
----------------------------------
Total 100.0%
(a) The Fund is actively managed, and its portfolio composition will
vary over time.
(b) Net asset value (NAV), market price and yields will fluctuate. NAV
yield is calculated by multiplying the current month's dividend by
12 and dividing by the month-end net asset value. Market yield is
calculated by multiplying the current month's dividend by 12 and
dividing by the month-end market price.
(c) As a percentage of total assets. Leverage may vary.
| |
View more information on UBS Global Asset Management or other Closed-End Funds.
|
©1999-2008 Closed-End Fund Association, Inc. All Rights Reserved
 | | Powered by a SySys® data & content management system. Click here to learn more. |
|
|