Enhanced Treasury Income Fund Reports Earnings
(PITTSBURGH, Pa., Jan. 28, 2011) — Federated Enhanced Treasury Income Fund (NYSE: FTT), a closed-end investment company, today announced earnings for the period ended Nov. 30, 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 $1.4 million or $0.15 per share. FTT made distributions of $10.3 million, or $1.08 per share of which $8.7 million, or $0.93 per share represented a return of capital. Net realized and unrealized losses were $0.9 million or $0.10 per share.
On Nov. 30, 2010, total net assets of the fund were $172.6 million and the net asset value per share was $18.03 based on 9,568,912 shares outstanding.
Fund composition and performance data for the fund as of Dec. 31, 2010 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 x8079, 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 $358.2 billion in assets as of Dec. 31, 2010. With 136 funds and 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.
SUMMARY OF RESULTS OF OPERATIONS
(for a share outstanding throughout the period)
Nov. 30, 20101
|Net Asset Value, Beginning of Period||$19.10|
|Income from Investment Operations:|
|Net investment income2||0.15|
|Net realized and unrealized loss on investments||(0.10)|
|TOTAL FROM INVESTMENT OPERATIONS||0.05|
|From net investment income||(0.15)|
|Return of capital2,3||(0.93)|
|Net Asset Value, End of Period||$18.03|
|Market Price, End of Period||$16.67|
|Total Return at Net Asset Value4||0.10%|
|Total Return at Market Price5||(11.72)%|