Business Services Industry

Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc., Sets New Rate and Announces a Distribution of $0.06300 for the months of September, October and November 2005

Business Wire, August 1, 2005

NEW YORK -- Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc, which is listed on the New York Stock Exchange under the symbol "SBG," announces a distribution of $0.06300 per common share for the months of September, October and November 2005. The Trust had previously paid a monthly distribution rate of $0.07300 per common share, a rate the Trust had maintained since its inception in 1993. The distribution schedules for these months appears below:

Declaration Date  Ex-Dividend     Record     Payable
                 ---------------- ------------- ----------- ----------

     September   07/25/05         09/09/05        09/13/05   09/30/05

     October     07/25/05         10/14/05        10/18/05   10/28/05

     November    07/25/05         11/10/05        11/15/05   11/25/05

The Trust is decreasing its distributions as a result of portfolio repositioning that reduced overall risk in anticipation of the Trust's 2008 termination date. To that end, the Trust reduced duration and increased overall credit quality, resulting in a modest reduction in income.

Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc, a non-diversified investment management company, is managed by Salomon Brothers Asset Management Inc, an indirect wholly owned subsidiary of Citigroup Inc.

For more information, call Investor Relations at 1-888-777-0102 or 1-800-SALOMON, or visit the Fund's web site at www.sbam.com.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Content provided in partnership with Thompson Gale