Federated Enhanced Treasury Income Fund Reports Annual Earnings
PITTSBURGH, Jan. 31, 2013
PITTSBURGH, Jan. 31, 2013 /PRNewswire/ --Federated Enhanced Treasury Income
Fund (NYSE: FTT) today announced earnings for the fiscal year ended Nov. 30,
2012. 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.
For the fiscal year ended Nov. 30, 2012, FTT reported net investment income of
$1.4 million or $0.15 per share. FTT made distributions of $8.3 million, or
$0.88 per share of which $6.7 million, or $0.71 per share, represented a
return of capital. Net realized and unrealized gains were $0.9 million or
$0.10 per share. Total net assets of the fund were $147.7 million and the net
asset value per share was $15.96.
Fund composition and performance data for the fund as of Dec. 31, 2012 are
available in the Products section of 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 x5588079, email CEinfo@federatedinv.com 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 $379.8 billion in assets as of Dec.
31, 2012. With 137 funds and a variety of separately managed account options,
Federated provides comprehensive investment management worldwide to
approximately 4,700 institutions and intermediaries including corporations,
government entities, insurance companies, foundations and endowments, banks
and broker/dealers. For more information, visit FederatedInvestors.com.
SUMMARY OF RESULTS OF OPERATIONS
(For a share outstanding throughout each period)
Year Ended Nov. 30, Period Ended
2012 2011 Nov. 30, 2010^1
Net Asset Value, Beginning of Period $ $ $
16.54 18.03 19.10
Income from Investment Operations:
Net investment income^2 0.15 0.21 0.15
Net realized and unrealized gain
(loss) on investments,
0.10 (0.68) (0.10)
futures contracts and written
TOTAL FROM INVESTMENT OPERATIONS 0.25 (0.47) 0.05
Offering costs -- -- (0.04)
From net investment income (0.17) (0.21) (0.15)
Return of capital^2,3 (0.71) (0.81) (0.93)
TOTAL DISTRIBUTIONS TO SHAREHOLDERS (0.88) (1.02) (1.08)
Repurchase of Common Shares 0.05 -- --
Net Asset Value, End of Period $ $ $
15.96 16.54 18.03
Market Price, End of Period $ $ $
14.37 14.03 16.67
Total Return at Net Asset Value^4 1.91% (2.66)% 0.10%
Total Return at Market Price^5 8.82% (10.12)% (11.72)%
1 Reflects operations for the period from Jan. 29, 2010 (date of initial
investment) to Nov. 30, 2010.
2 Per share numbers have been calculated using the average shares method.
3 Represents a return of capital for federal income tax purposes.
4 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
5 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.
SOURCE Federated Investors, Inc.
Contact: Melissa Ryan, +1-412-288-8079, or Meghan McAndrew,+1-412-288-8103
Press spacebar to pause and continue. Press esc to stop.