Nations Government Income Term Trust 2004, Inc.; Plan of Liquidation
05 Diciembre 2003 - 3:56PM
PR Newswire (US)
Nations Government Income Term Trust 2004, Inc.; Plan of
Liquidation CHARLOTTE, N.C., Dec. 5 /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 next liquidating distribution is
payable on December 30, 2003 to shareholders of record on December
15, 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
Copyright
Nations Gvt Term TR 2004 (NYSE:NGF)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Nations Gvt Term TR 2004 (NYSE:NGF)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024
Real-Time news about Nations Gvt Term TR 2004 (New York Stock Exchange): 0 recent articles
Más de Nations Govt TR 2004 Artículos de Noticias