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Fort Dearborn Income Securities, Inc. ? Reports Earnings
UBS Global Asset Management

CHICAGO, May 30, 2012 (BUSINESS WIRE) -- Fort Dearborn Income Securities, Inc. (the "Fund") FDI +0.68% , 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 second quarter and fiscal year-to-date ended March 31, 2012.

For the fiscal second quarter ended March 31, 2012, the Fund's earnings from net investment income were $1,462,519, equal to $0.17 per share. During this period, the Fund paid distributions from net investment income and retained earnings of $1,535,741, equal to $0.175 per share. Total net realized and unrealized gains from investment activities were $438,138 equal to $0.05 per share, for the same period. This compares to earnings from net investment income of $1,650,024, equal to $0.19 per share; distributions paid from net investment income and retained earnings of $1,667,376, equal to $0.19 per share; and total net realized and unrealized losses from investment activities of $(479,580) equal to $(0.05) per share, for the fiscal second quarter ended March 31, 2011.

For the six months ended March 31, 2012, the Fund's earnings from net investment income were $2,952,522, equal to $0.34 per share. The Fund also has undistributed retained earnings from net investment income of $582,585 equal to $0.07 per share. During this period, the Fund paid distributions from net investment income and retained earnings of $3,203,117 equal to $0.37 per share; short-term capital gains distributions of $2,966,175, equal to $0.34 per share and long-term capital gains distributions of $3,317,201, equal to $0.38 per share. Total net realized and unrealized gains from investment activities were $2,005,812, equal to $0.23 per share, for the same period. This compares to earnings from net investment income of $3,367,756, equal to $0.38 per share and undistributed retained earnings from net investment income of $2,096,061, equal to $0.24 per share; distributions paid from net investment income and retained earnings of $4,756,710, equal to $0.54 per share; short-term capital gains distributions of $3,606,798, equal to $0.41 per share; and long-term capital gains distributions of $149,186, equal to $0.02 per share, for the six months ended March 31, 2011. Total net realized and unrealized losses from investment activities were $(5,843,570), equal to $(0.67) per share, for the six months ended March 31, 2011.

On March 31, 2012, total net assets of the Fund were $147,166,394. The net asset value per share was $16.77, based on 8,775,665 shares outstanding, which represents an increase of 4.16% from the net asset value per share of $16.10 ($141,253,256 attributable to 8,775,665 shares outstanding) on March 31, 2011.


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