PITTSBURGH, March 14, 2011 /PRNewswire/ -- Federated Enhanced Treasury Income Fund (NYSE: FTT) today announced that its board of trustees approved the adoption of a new managed distribution plan.
Under the plan, the fund will make monthly cash distributions approximating 5.5% of the fund's net asset value (NAV) on an annualized basis. The fund may make distributions in excess of those required under the plan in order to meet its obligations under the Internal Revenue Code. The distribution will be based on the NAV of the fund on the last business day of the previous month.
Pursuant to the plan, the fund declared its monthly distribution for March. The distribution amount is based on the fund's NAV of $17.53 on Feb. 28, 2011.
March 24, 2011
March 22, 2011
March 31, 2011
Distributions Per Share
Change From Previous Month
Federated Enhanced Treasury Income Fund
The fund's distributions under the plan, including the current distribution, may include net investment income, net realized long-term capital gains, net realized short-term capital gains and return of capital. If a distribution does not consist solely of net investment income, a notice with the estimated components of the distribution will be (i) provided to shareholders at the time of payment; and (ii) posted to the fund's website at FederatedInvestors.com. Investors should use the Form 1099-DIV sent after calendar year end, and not the notice, to prepare tax returns. The amount of this distribution or the terms of the fund's plan are not an indication of the fund's past or future investment performance. The fund employs an integrated U.S. Treasury-based strategy with option writing and a duration management overlay in order to seek to provide investors with the potential for current income and total return.
Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $358.2 billion in assets as of Dec. 31, 2010. With 136 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,000 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit FederatedInvestors.com.
SOURCE Federated Investors, Inc.