Nations Government Income Term Trust 2004, Inc. (NYSE: NGF); Plan of Liquidation
07 Noviembre 2003 - 2:58PM
PR Newswire (US)
Nations Government Income Term Trust 2004, Inc. (NYSE: NGF); Plan
of Liquidation CHARLOTTE, N.C., Nov. 7 /PRNewswire-FirstCall/ --
The Board of Directors of Nations Government Income Term Trust
2004, Inc. (the "Company") has approved a Plan of Liquidation and
Termination (the "Plan") for the Company. The Plan is intended to
accomplish the complete liquidation and termination of the Company
as both a registered investment company and a Maryland corporation,
in accordance with its investment objectives. The Plan provides for
a complete liquidation of the Company by March 31, 2004 or shortly
after. In light of this action, the Company has suspended monthly
dividends. However, the Company expects that, pursuant to the Plan,
it will make liquidating distributions on a monthly basis leading
up to the liquidation date. The amounts of these distributions are
presently expected to be comparable to the amounts that would have
been paid if the Company were declaring and paying monthly
dividends. The next liquidating distribution is payable on November
26, 2003 to shareholders of record on November 17, 2003. The
Company is a diversified, closed-end management investment company.
The Company's investment objectives are to pay a high level of
current income consistent with investing in securities of high
credit quality and to return $10.00 per share (the Company's
initial public offering price per share) to investors on or about
March 31, 2004 by preserving capital through the active management
of its portfolio. The Company seeks to achieve its objectives by
investing in high quality fixed income securities which are either
(i) issued or guaranteed by the U.S. Government or its agencies or
instrumentality's or (ii) at the time of investment, rated Aaa by
Moody's Investors Service, Inc. or AAA by Standard & Poor's
Corporation or, if unrated, are determined by the investment
adviser to be of comparable quality to such securities. DATASOURCE:
Nations Government Income Term Trust 2004, Inc. CONTACT: Gerald
Murphy, Chief Financial Officer and Treasurer for Nations
Government Income Term Trust 2004, Inc., +1-704-388-9174
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