The Board of Directors for Fort Dearborn Income Securities, Inc. (NYSE: FTD) has declared a quarterly dividend from net investment income of $0.222 cents per share and a distribution from long-term capital gains of $0.106 per share, payable on December 27, 2004 to shareholders of record as of December 13, 2004. The ex-dividend date is December 9, 2004.

Fort Dearborn Income Securities, Inc. is a closed-end bond fund managed by UBS Global Asset Management (Americas) Inc. The Company invests principally in investment grade, long-term, fixed income debt securities. The primary objective of Fort Dearborn is to provide its shareholders with:

-- A stable stream of current income consistent with external interest rate conditions, and

-- 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.