PITTSBURGH, June 30, 2015 /PRNewswire/ -- Federated Enhanced
Treasury Income Fund (NYSE: FTT) today paid a distribution per
share of $0.029. The fund
employs a managed distribution plan to support a level distribution
to shareholders that may be comprised of income, capital gains
and/or return of capital. Under the plan, the fund makes
monthly cash distributions approximating 2.5 percent of the fund's
net asset value (NAV) on an annualized basis based on the fund's
NAV from the previous month-end. The fund may make
distributions in excess of those required under the plan in order
to meet its obligations under the Internal Revenue Code. This
press release is issued as required by the fund's plan.
The distribution paid today is based on the fund's NAV of
$13.99 on the last business day of
May 2015.
Shareholders should not draw any conclusions about the fund's
investment performance from the amount of this distribution or from
the terms of the fund's plan. The fund's estimated sources of
the distribution paid in June and for its current fiscal year are
detailed below.
|
Current
Distribution
|
Percentage
of Current
Distribution
|
Cumulative
Distributions
for the
Fiscal
Year-to-Date1
|
Percentage of
the
Cumulative
Distributions for the
Fiscal Year-to-Date1
|
|
Net Investment
Income
|
$ 0.0065
|
22%
|
$ 0.0430
|
18%
|
|
Net Realized Short-Term
Capital Gains
|
$ 0.0102
|
35%
|
$ 0.0100
|
4%
|
|
Net Realized Long-Term
Capital Gains
|
$ 0.0123
|
43%
|
$ 0.1860
|
78%
|
|
Return of Capital or
Other Capital Source
|
$ 0.0000
|
0%
|
$ 0.0000
|
0%
|
|
Total (per common
share)
|
$ 0.0290
|
100%
|
$ 0.2390
|
100%
|
|
|
1 The
fund's current fiscal year began on Dec. 1, 2014.
|
The amounts and sources of distributions reported are only
estimates and are not provided for tax reporting purposes.
The actual amounts and sources of the amounts for tax reporting
purposes will depend upon the fund's investment experience during
the remainder of its fiscal year and may be subject to changes
based on tax regulations. The fund will send shareholders a
Form 1099 DIV for the calendar year that will tell shareholders how
to report these distributions for federal income tax purposes.
The table below includes information relating to the fund's
performance based on its NAV for certain periods.
|
Average annual total
return at NAV for the five year period ended on May 31,
20151
|
(0.47)%
|
|
Annualized current
distribution rate as a percentage of NAV as of May 31,
2015
|
2.49%
|
|
Cumulative total
return at NAV for the fiscal year through May 31,
20152
|
(0.57)%
|
|
Cumulative fiscal
year-to-date distribution rate as a percentage of NAV as of May 31,
2015
|
1.71%
|
|
|
1
Represents the simple arithmetic average of the annual NAV total
returns of the fund for the last five years, including
distributions paid and assuming reinvestment of those
distributions.
|
|
2
Represents the percentage change in the fund's NAV for the period
from the beginning of its fiscal year to May 31, 2015 including
distributions paid and assuming reinvestment of those
distributions.
|
Federated Investors, Inc. (NYSE: FII) is one of the largest
investment managers in the United
States, managing $355.8
billion in assets as of March
31, 2015. With 130 funds, as well as a variety of
separately managed account options, Federated provides
comprehensive investment management worldwide to more than 7,700
institutions and intermediaries including corporations, government
entities, insurance companies, foundations and endowments, banks
and broker/dealers. For more information, visit
FederatedInvestors.com.
Certain statements in this press release, such as those related
to the level of dividends or distributions constitute or may
constitute forward-looking statements, which involve known and
unknown risks, uncertainties and other factors that may cause the
current dividends and distributions to be materially different from
any future results, levels of activity, performance or achievements
expressed or implied by such forward-looking statements.
Other risks and uncertainties include the market conditions,
prevailing interest rates, and investment performance, which could
vary significantly. Other risks and uncertainties also
include the risk factors discussed in the fund's registration
statement, including the prospectus, as filed with the Securities
and Exchange Commission. As a result, no assurance can be
given as to future results, performance or achievements, and
neither the fund nor any other person assumes responsibility for
the accuracy and completeness of such statements in the future.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/federated-enhanced-treasury-income-fund-announces-estimated-sources-of-distribution-300106722.html
SOURCE Federated Investors, Inc.