Salomon Brothers Emerging Markets Floating Rate Fund Inc. as of September 30, 2004 NEW YORK, Oct. 21 /PRNewswire-FirstCall/ -- Salomon Brothers Emerging Markets Floating Rate Fund Inc. (NYSE:EFL) as of September 30, 2004. Investment Objective: The Fund seeks to maintain a high level of current income. Portfolio Composition* Asset Allocations: Emerging Market Bonds 99.56% Cash 0.44 Top Ten Emerging Market Debt Countries: Brazil 27.93% Peru 10.51 Turkey 9.53 Venezuela 8.03 Panama 7.40 Ecuador 7.17 Bulgaria 6.65 Russia 6.13 Philippines 5.24 Colombia 4.96 Currency Allocation: US Dollar: 100% *Portfolio holdings and weightings are subject to change at any time. Inception Date: March 25, 1994 Total Net Assets: $58.222 million Leverage: 20.68% Market Price: $12.98 NAV: $13.53 (Daily NAV is available on market quotation systems using the symbol XEFLX.) Dividend Rate: $0.073 per share Frequency: Monthly Salomon Brothers Emerging Markets Floating Rate Fund Inc., a non- diversified investment management company traded on the New York Stock Exchange under the symbol "EFL," is managed by Salomon Brothers Asset Management Inc., an indirect wholly owned subsidiary of Citigroup Inc. For more information, call 1-888-777-0102 or 1-800-SALOMON, or consult the Fund's web site at http://www.sbam.com/. DATASOURCE: Salomon Brothers Emerging Markets Floating Rate Fund Inc. CONTACT: Brenda Grandell, Director, Closed-End Funds, +1-212-291-3775, or Media Relations, Edward Giltenan, Head of Public Relations, +1-212-559-6746, both of Citigroup Asset Management Web Site: http://www.sbam.com/

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