Federated Enhanced Treasury Income Fund Reports Earnings
PITTSBURGH, July 30 /PRNewswire-FirstCall/ -- Federated Enhanced Treasury Income Fund (NYSE: FTT), a closed-end investment company, today announced earnings for the period ended May 31, 2010. Launched on Jan. 29, 2010, the fund employs an integrated U.S. Treasury-based strategy with an option writing strategy and a duration management overlay in order to provide the potential for current income and total return.
Since the fund's inception in January, FTT reported net investment income of $0.69 million or $0.07 per share. FTT paid dividends of $3.4 million, or $0.36 per share. Net realized and unrealized losses were $4.1 million or $0.42 per share.
On May 31, 2010, total net assets of the fund were $174.7 million and the net asset value per share was $18.35 based on 9,522,463 shares outstanding.
Fund composition and performance data for the fund as of June 30, 2010 is available in the Products section of http://FederatedInvestors.com. Data is updated on the website approximately 15 days following each month-end and full portfolio listings are updated approximately 30 days following each calendar quarter-end. To order hard copies or to be placed on a mailing list, call 1-800-245-0242 x8079, email [email protected] or write to Federated Investors, 1001 Liberty Avenue, Floor 23, Pittsburgh, PA 15222.
Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing approximately $336.8 billion in assets as of June 30, 2010. With 135 funds and a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,200 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit http://FederatedInvestors.com.
SUMMARY OF RESULTS OF OPERATIONS (for a share outstanding throughout the period) |
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Since Inception (unaudited) |
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May 31, 2010 |
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Net Asset Value, Beginning of Period |
$ 19.10 |
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Income from Investment Operations: |
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Net investment income (1) |
0.07 |
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Net realized and unrealized loss on investments |
(0.42) |
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TOTAL FROM INVESTMENT OPERATIONS |
(0.35) |
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Offering costs |
(0.04) |
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Less Distributions: |
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From net investment income (2) |
(0.36) |
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Net Asset Value, End of Period |
$ 18.35 |
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Market Price, End of Period |
$ 18.95 |
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Total Return at Net Asset Value (3) |
(2.05)% |
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Total Return at Market Price (4) |
(3.59)% |
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1 Per share number has been calculated using the average shares method. 2 A portion of the distributions may be deemed as a tax return of capital at year end. 3 Total Return at Net Asset Value is the combination of changes in the Common Share net asset value, reinvested dividend income and reinvested capital gains distributions at net asset value, if any, and does not reflect the sales charge, if applicable. Total returns for periods of less than one year are not annualized. 4 Total Return at Market Price is the combination of changes in the market price per share and the effect of reinvested dividend income and reinvested capital gains distributions, if any, at the average price paid per share at the time of the reinvestment. |
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SOURCE Federated Investors, Inc.
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