The Hartford Income Shares Fund, Inc. Declares Monthly Income Dividend
October 14 2010 - 9:00AM
Business Wire
The Dividend Declaration Committee of The Hartford Income Shares
Fund, Inc. today declared the regular monthly dividend at a rate of
$0.0199 per share. This reflects a decrease from $0.0260 per share
that was paid in September 2010. The dividend is payable to
shareholders of record on October 19, 2010, and will be paid on
October 25, 2010. Monthly dividends have been paid since January
1973.
The Hartford Income Shares Fund, Inc. is a closed-end,
diversified management investment company with net assets of
approximately $83 million, as of September 30, 2010, that are
invested in a diversified portfolio of debt securities. The
Company's common stock is traded on the New York Stock Exchange.
Its investment manager is Hartford Investment Financial Services,
LLC, and its sub-adviser is Hartford Investment Management Company,
both wholly owned indirect subsidiaries of The Hartford Financial
Services Group, Inc., a publicly traded company.
The Fund is scheduled to be reorganized into the Rivus Bond
Fund, managed by Cutwater Asset Management Corp., as of October 22,
2010. In anticipation of this reorganization, the dividend payment
for the month of October, which is normally distributed on or about
November 15th, will be distributed in the month of October, and the
dividend reinvestment option will not be offered for this dividend
distribution. All October dividends will be paid in
cash.
Dividend information for The Hartford Income Shares Fund for the
month of October
Declaration Amount: $0.0199
Payment Date: October 25, 2010 Record Date: October 19, 2010
Ex Date: October 15, 2010 Declaration Date: October
14, 2010
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act, with
respect to the fund’s future financial or business performance,
strategies or expectations. Forward-looking statements are subject
to numerous assumptions, risks and uncertainties, which change over
time. Forward-looking statements speak only as of the date they are
made, and The Hartford assumes no duty to and does not undertake to
update forward-looking statements. Actual results could differ
materially from those anticipated in forward-looking statements and
past performance is not an indication of future performance. We
assume no obligation to update this release, which speaks as of the
date issued.
These materials are not intended to provide tax, accounting or
legal advice. As with all matters of a tax or legal nature, you
should consult your own tax or legal counsel for advice. The
information cannot be used or relied upon for the purpose of
computing your federal or state taxes, or avoiding IRS
penalties.
Investing in funds involves significant risks, including the
risk that you may lose part or all of the money you invest. For
information on the risks associated with this fund, please see the
fund’s most recent Annual Shareholder Report, dated July 31, 2010,
and Semi-annual Shareholder Report, dated January 31, 2010.
You should carefully consider the investment objectives, risks,
and charges and expenses of The Hartford Income Shares Fund, Inc.
before investing. The Annual and Semi-Annual Reports and other
regulatory filings of the fund with the SEC are accessible on the
SEC's website at www.sec.gov and on The Hartford’s website
at www.hartfordinvestor.com. The information contained on
The Hartford’s website is not a part of this press release. You may
also obtain information by calling 1-888-483-0972.
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