Welcome!

News Feed Item

Federated Enhanced Treasury Income Fund Reports Semi-Annual Earnings

PITTSBURGH, July 30, 2014 /PRNewswire/ -- Federated Enhanced Treasury Income Fund (NYSE: FTT) today announced earnings for the six-month period ended May 31, 2014.  The fund employs a managed distribution plan to support a level distribution to shareholders that may be comprised of income, capital gains and/or return of capital.  Under the plan, the fund makes monthly cash distributions approximating 3.5% of the fund's net asset value (NAV) on an annualized basis based on the fund's NAV from the previous month-end.  The fund may make distributions in excess of those required under the plan in order to meet its obligations under the Internal Revenue Code. 

For the six-month period, FTT reported net investment income of $0.7 million or $0.08 per share.  FTT made distributions of $2.4 million, or $0.28 per share based on the fund's managed distribution plan, a portion of which may represent a tax return of capital.1   Net realized and unrealized losses were $0.2 million or $0.02 per share. 

On May 31, 2014, total net assets of the fund were $126.9 million and the net asset value per share was $14.72.

Fund composition and performance data for the fund as of June 30, 2014 is 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 [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 $351.6 billion in assets as of June 30, 2014.  With 133 funds and a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 6,100 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.com

1 A portion of these distributions may be deemed a tax return of capital.  Actual amounts and sources of distributions cannot be determined until fiscal year end.

 

SUMMARY OF RESULTS OF OPERATIONS

(for a share outstanding throughout each period)






Six Months

Ended

(unaudited)

Year Ended Nov. 30,

Period ended
Nov. 30, 2010
1


May 31, 2014

2013

2012

2011

Net Asset Value, Beginning of Period

$          14.93

$       15.96

$     16.54

$       18.03

$       19.10

Income from Investment Operations:






Net investment income2

0.08

0.12

0.15

0.21

0.15

Net realized and unrealized gain (loss) on investments, futures contracts and written options

(.02)

(0.59)

0.10

(0.68)

(0.10)

TOTAL FROM INVESTMENT OPERATIONS

0.06

(0.47)

0.25

(0.47)

0.05

Offering costs

(0.04)

Less Distributions:






From net investment income

(0.08)2

(0.12)

(0.17)

(0.21)

(0.15)

From net realized gain on investments

(0.05)2

Return of capital3

(0.15)2

(0.55)4

(0.71)4

(0.81)4

(0.93)4

TOTAL DISTRIBUTIONS TO SHAREHOLDERS

(0.28)

(0.67)

(0.88)

(1.02)

(1.08)

Repurchase of Common Shares

0.01

0.11

0.05

Net Asset Value, End of Period

$          14.72

$       14.93

$     15.96

$       16.54

$       18.03

Market Price, End of Period

$          13.42

$       12.80

$     14.37

$       14.03

$       16.67

Total Return at Net Asset Value5

0.44%

(2.29)%

1.91%

(2.66)%

0.10%

Total Return at Market Price6

7.02%

(6.45)%

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 These distributions may be deemed a tax return of capital.  Actual amounts and sources of distributions cannot be determined until fiscal year end.

3 Per share numbers have been calculated using the average shares method.

4 Represents a return of capital for federal income tax purposes.

5 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. 

6 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.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
Peak 10, Inc., has announced the implementation of IT service management, a business process alignment initiative based on the widely adopted Information Technology Infrastructure Library (ITIL) framework. The implementation of IT service management enhances Peak 10’s current service-minded approach to IT delivery by propelling the company to deliver higher levels of personalized and prompt service. The majority of Peak 10’s operations employees have been trained and certified in the ITIL frame...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at 18th Cloud Expo, Charles Kendrick, CTO & Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and devel...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...