CHICAGO, Jun 08, 2012 (BUSINESS WIRE) -- The Board of Directors for Fort Dearborn Income Securities, Inc. (the "Fund") FDI +0.06% today declared a quarterly dividend from current net investment income and undistributed retained earnings from net investment income of $0.175 per share, payable on June 29, 2012 to shareholders of record as of June 18, 2012. The ex-dividend date is June 14, 2012.
Fort Dearborn Income Securities, Inc. is a closed-end bond fund managed by UBS Global Asset Management (Americas) Inc. The Fund invests principally in investment grade, long-term, fixed income debt securities. The primary objective of the Fund is to provide its shareholders with:
-- A stable stream of current income consistent with external interest rate conditions, and
-- A total return over time that is above what they could receive by investing individually in the investment grade and long-term maturity sectors of the bond market.