| Business Summary | | First
Financial
Fund,
Inc.
was
incorporated
as
a
closed-end,
diversified
investment
company.
The
Fund's
primary
investment
objective
is
to
achieve
long-term
capital
appreciation
with
the
secondary
objective
of
current
income
by
investing
in
securities
issued
by
savings
and
banking
institutions,
mortgage
banking
institutions
and
their
holding
companies.
The
Fund
has
agreements
with
Wellington
Management
Company,
LLP
(the
Investment
Adviser)
and
with
Prudential
Investments
Fund
Management
LLC
(the
Administrator).
The
Investment
Adviser
makes
investment
decisions
on
behalf
of
the
Fund,
and
the
Administrator
provides
occupancy
and
certain
clerical
and
accounting
services
to
the
Fund. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Financial
Fund,
Inc.
is
a
closed-end
management
investment
company.
The
Fund's
portfolio
consists
primarily
of
equity
securities
and
debt
securities
of
savings
and
loan
associations.
For
the
fiscal
year
ended
3/31/01,
investment
income
totaled
$8.9
million.
Net
investment
income
totalled
$3.4
million.
Net
increase
in
net
assets
from
operations
totaled
$104.3
million.
Net
asset
value
per
share
of
Common
Stock
totaled
$12.86. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Thomas Mooney, 58 | Presideent,
Treasurer | Arthur Brown, 51 | Sec. | R. Charles Miller, 42 | Assistant
Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|