Fort Dearborn Income Securities, Inc. (NYSE: FTD) (the "Fund"), a closed-end management investment company managed by UBS Global Asset Management (Americas) Inc., today announced its performance for the fourth quarter and fiscal year ended September 30, 2004. The Fund seeks a stable stream of current income consistent with external interest rate conditions and a total return over time that is above what shareholders could receive by investing individually in the investment grade and long-term maturity sectors of the bond market.

For the fourth quarter ended September 30, 2004, the Fund's earnings from net investment income were $1,814,594, equal to $0.21 per share. This compares to earnings from net investment income of $1,762,489, equal to $0.20 per share for the quarter ended September 30, 2003.

For the year ended September 30, 2004, the Fund's earnings from net investment income were $7,241,544, equal to $0.83 per share. This compares to earnings from net investment income of $7,271,235, equal to $0.83 per share for the year ended September 30, 2003.

On September 30, 2004, total net assets of the Fund were $144,586,691. The net asset value per share was $16.48, based on 8,775,665 shares outstanding, which represents an increase of 0.12% from the net asset value per share of $16.46 ($144,469,269 attributable to 8,775,665 shares outstanding) on September 30, 2003.