Montgomery Street Income Securities, Inc. Announces Distribution
December 16 2014 - 11:45AM
Business Wire
Montgomery Street Income Securities, Inc. (NYSE: MTS) (the
“Fund”) declared a dividend of $0.28 per share. The dividend is
payable on December 31, 2014 to stockholders of record at the close
of business on December 26, 2014. The dividend includes net
positive tax adjustments of approximately $0.15 per share.
It is anticipated that substantially all of the distributions
paid in 2014 will be distributions from ordinary income for tax
purposes. The actual sources of distributions will be reported to
stockholders in January 2015 on Form 1099-DIV.
The Fund is a closed-end diversified management investment
company whose primary investment objective is to seek as high a
level of current income as is consistent with prudent investment
risks, from a diversified portfolio primarily of debt securities.
The Fund’s shares are traded on the New York Stock Exchange under
the symbol MTS.
Closed-end funds, unlike open-end funds, are not continuously
offered. There is generally a one-time public offering and, once
issued, shares of closed-end funds are sold in the open market
through a stock exchange. Shares of closed-end funds frequently
trade at a discount to net asset value.
The price of the Fund’s shares is determined by a number of
factors, several of which are beyond the control of the Fund.
Therefore, the Fund cannot predict whether its shares will trade
at, below or above net asset value.
Investments in funds involve risk. Yields and market values will
fluctuate. Investing in foreign markets presents certain unique
risks not associated with domestic investments, such as currency
fluctuations, political and economic changes and market risks.
Additionally, the Fund invests in lower-quality and non-rated
securities, which present greater risks of loss of principal and
interest than higher-quality securities. All of these factors may
result in greater share price volatility.
This announcement is not an offer to purchase or the
solicitation of an offer to sell shares of the Fund, a prospectus,
a circular or representation intended for use in the purchase or
sale of Fund shares, or a proxy solicitation.
NOT FDIC/NCUA INSURED MAY LOSE VALUE NO BANK
GUARANTEE NOT A DEPOSIT NOT INSURED BY ANY FEDERAL
GOVERNMENT AGENCY
For stockholder inquiries:Computershare Shareowner
Services(877) 437-3938For media
inquiries:Melissa Hernandez(303) 224-7572 or (800)
565-9044 x 57572