Fort Dearborn Income Securities, Inc. (NYSE:FDI), saw an insider raise his holdings in the company. Director Edward M. Roob acquired 1,000 shares of common stock at an average price of $14.81 per share.
Following this transaction, Roob now holds 13,000 shares in the company. Fort Dearborn Income Securities, Inc. (NYSE:FDI), the $129.62 million market cap company is a diversified closed-end management investment company that invests principally in investment grade long-term fixed income debt securities, with the primary objective of providing shareholders with a stable stream of current income consistent with external interest rate conditions and provide a total return over time that is above what they could receive by investing individually in the investment grade and long-term maturity sectors of the bond market.
Because this company acts in itself as more or less a hedge fund does, there are no funds currently with substantial holdings in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.