Hatteras Income Securities, Inc. (NYSE: HAT) and Nations Balanced Target Maturity Fund, Inc. (NYSE: NBM) Management Changes CHARLOTTE, N.C., June 15 /PRNewswire-FirstCall/ -- The Boards of Directors (the "Boards") of each of Hatteras Income Securities, Inc. and Nations Balanced Target Maturity Fund, Inc. (collectively, the "Companies") have accepted the resignation of Edward D. Bedard as President and Chief Executive Officer of the Companies effective June 1, 2004. Mr. Bedard was succeeded by Keith T. Banks, who was appointed as President and Chief Executive Officer of the Companies. Mr. Banks currently is President and Chief Investment Officer of Columbia Management Group. These changes in management have not affected, nor are they expected to affect, the Companies' portfolio management activities or day-to-day operations. The Companies are publicly traded closed-end registered investment companies, advised by Banc of America Capital Management, LLC. Columbia Management Group entities are now subsidiaries of Bank of America Corporation, which is also the parent company of Banc of America Capital Management, LLC. DATASOURCE: Banc of America Capital Management, LLC CONTACT: Gerald Murphy, Chief Financial Officer and Treasurer of Banc of America Capital Management, +1-704-388-9174

Copyright