UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM N-Q
QUARTERLY SCHEDULE OF
PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT
COMPANY
Investment Company Act file number: 811-07096
Investment Grade Municipal Income Fund Inc.
(Exact name of registrant as specified in charter)
51 West 52nd Street, New York, New York 10019-6114
(Address of principal executive offices) (Zip code)
Mark F.
Kemper, Esq.
UBS Global Asset Management (US)
Inc.
51 West 52nd Street
New York, NY
10019-6114
(Name and address of agent for service)
Copy to:
Jack W.
Murphy, Esq.
Dechert LLP
1775 I Street,
N.W.
Washington, DC
20006-2401
Registrant’s telephone number, including area code: 212-882 5000
Date of fiscal year end: September 30
Date of reporting period: December 31, 2005
Item 1. Schedule of Investments
Investment Grade Municipal Income Fund Inc.
SCHEDULE OF INVESTMENTSDecember 31, 2005 (unaudited)
Principal |
|
|
|
Moodys |
|
S&P |
|
Maturity |
|
Interest |
|
Value($) |
|
Long-Term Municipal Bonds167.19% |
|
|
|
|
|
|
|
|
|
|
|
||
Arizona1.62% |
|
|
|
|
|
|
|
|
|
|
|
||
2,380 |
|
Arizona State Transportation Board Highway Revenue-Series B |
|
Aa1 |
|
AAA |
|
07/01/18 |
|
5.250 |
|
2,561,570 |
|
Arkansas1.07% |
|
|
|
|
|
|
|
|
|
|
|
||
1,620 |
|
Little Rock Capital Improvement Revenue Parks & Recreation Projects-Series A |
|
NR |
|
NR |
|
01/01/18 |
|
5.700 |
|
1,680,280 |
|
California40.10% |
|
|
|
|
|
|
|
|
|
|
|
||
5,000 |
|
California Educational Facilities Authority Revenue Refunding-Pepperdine University-Series A (FGIC Insured) |
|
Aaa |
|
AAA |
|
09/01/33 |
|
5.000 |
|
5,189,050 |
|
3,000 |
|
California Statewide Communities Development Authority-Irvine Apartment Communities-Series A-3 (Mandatory Put 05/17/10 @ $100) |
|
Baa2 |
|
BBB |
|
05/15/25 |
|
5.100 |
|
3,106,110 |
|
1,750 |
|
California Statewide Communities Development Authority Revenue-Kaiser Permanente-Series H (Mandatory Put 05/01/08 @ $100) |
|
NR |
|
A+ |
|
04/01/34 |
|
2.625 |
|
1,700,125 |
|
5,375 |
|
East Bay Municipal Utility District Water Systems Revenue-Subseries A (MBIA Insured) |
|
Aaa |
|
AAA |
|
06/01/35 |
|
5.000 |
|
5,642,460 |
|
2,150 |
|
Fontana Redevelopment Agency Tax Allocation Jurupa Hills Redevelopment Project A |
|
NR |
|
A- |
|
10/01/17 |
|
5.500 |
|
2,258,231 |
|
2,905 |
|
Inglewood Unified School District 1998 Election-Series C (FSA Insured) |
|
Aaa |
|
AAA |
|
10/01/28 |
|
5.000 |
|
3,035,725 |
|
2,390 |
|
Los Angeles County Sanitation District Financing Authority Revenue Capital Projects-District No. 14- Subseries B (FGIC Insured) |
|
NR |
|
AAA |
|
10/01/28 |
|
5.000 |
|
2,520,016 |
|
6,250 |
|
Los Angeles Wastewater Systems Revenue Refunding-Series A (FSA Insured) |
|
Aaa |
|
AAA |
|
06/01/32 |
|
5.000 |
|
6,501,812 |
|
3,200 |
|
Los Angeles Water & Power Revenue Power Systems-Series A-A-1 (FSA Insured) |
|
Aaa |
|
AAA |
|
07/01/21 |
|
5.250 |
|
3,418,624 |
|
5,000 |
|
Los Angeles Water & Power Revenue Refunding Power Systems-Series A, Subseries A-2 (MBIA Insured) |
|
Aaa |
|
AAA |
|
07/01/27 |
|
5.000 |
|
5,222,400 |
|
5,865 |
|
Sacramento County Sanitation District Financing Authority Revenue-County Sanitation District 1 (MBIA Insured) |
|
Aaa |
|
AAA |
|
08/01/22 |
|
5.000 |
|
6,250,976 |
|
10,000 |
|
Sacramento County Sanitation District Financing Authority Revenue Refunding (AMBAC Insured) |
|
Aaa |
|
AAA |
|
12/01/27 |
|
5.000 |
|
10,349,500 |
|
2,600 |
|
San Diego County Regional Airport Authority Revenue Refunding (AMBAC Insured) |
|
Aaa |
|
AAA |
|
07/01/16 |
|
5.250 |
|
2,826,460 |
|
5,000 |
|
University of California Revenue-Series A (AMBAC Insured) |
|
Aaa |
|
AAA |
|
05/15/28 |
|
5.000 |
|
5,215,750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
63,237,239 |
|
Colorado1.03% |
|
|
|
|
|
|
|
|
|
|
|
||
1,527 |
|
University of Colorado Participation Interests |
|
NR |
|
A+ |
|
12/01/13 |
|
6.000 |
|
1,631,272 |
|
Florida7.54% |
|
|
|
|
|
|
|
|
|
|
|
||
3,350 |
|
Florida Board of Education Capital Outlay-Series E (FGIC Insured) |
|
Aaa |
|
AAA |
|
06/01/24 |
|
5.000 |
|
3,527,952 |
|
1,175 |
|
Gainesville Utilities Systems Revenue-Series A |
|
Aa2 |
|
AA |
|
10/01/20 |
|
5.250 |
|
1,280,174 |
|
2,000 |
|
Miami-Dade County Aviation Revenue-Series B (XLCA Insured) |
|
Aaa |
|
AAA |
|
10/01/13 |
|
5.000 |
|
2,113,620 |
|
2,700 |
|
Miami-Dade County Aviation Revenue-Series B (XLCA Insured) |
|
Aaa |
|
AAA |
|
10/01/18 |
|
5.000 |
|
2,831,544 |
|
Principal |
|
|
|
Moodys |
|
S&P |
|
Maturity |
|
Interest |
|
Value($) |
|
2,000 |
|
Orlando Utilities Commission Water & Electric Revenue-Series A |
|
Aa1 |
|
AA |
|
10/01/19 |
|
5.000 |
|
2,132,500 |
|
|
|
|
|
|
|
|
|
|
|
11,885,790 |
|||
Illinois0.96% |
|
|
|
|
|
|
|
|
|
|
|||
1,200 |
|
Illinois Educational Facilities Authority Revenue-Augustana College-Series A |
|
Baa1 |
|
NR |
|
10/01/22 |
|
5.625 |
|
1,267,188 |
|
250 |
|
Metropolitan Pier & Exposition Authority |
|
A1 |
|
NR |
|
06/15/27 |
|
6.500 |
|
250,530 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,517,718 |
|
Indiana2.99% |
|
|
|
|
|
|
|
|
|
|
|||
4,480 |
|
Indiana Health Facility Financing Authority Revenue Ascension Health Subordinated Credit-A # |
|
Aa3 |
|
AA- |
|
04/01/10 |
|
5.000 |
|
4,710,586 |
|
Kentucky1.31% |
|
|
|
|
|
|
|
|
|
|
|||
2,055 |
|
Boone County Pollution Control Revenue-Dayton Power & Light Co.-Series A |
|
Baa1 |
|
BBB- |
|
11/15/22 |
|
6.500 |
|
2,070,721 |
|
Massachusetts4.02% |
|
|
|
|
|
|
|
|
|
|
|||
5,865 |
|
Massachusetts State Consolidated Loan-Series A (Pre-refunded with U.S. Government Securities to 08/01/14 @ $100) |
|
Aa2 |
|
AA |
|
08/01/16 |
|
5.000 |
|
6,336,135 |
|
Michigan5.95% |
|
|
|
|
|
|
|
|
|
|
|||
2,055 |
|
Michigan State Hospital Finance Authority Revenue Ascension Health Subordinated Credit-A |
|
Aa3 |
|
AA- |
|
05/01/12 |
|
5.000 |
|
2,179,184 |
|
5,000 |
|
Michigan State Hospital Finance Authority Revenue Refunding-Trinity Health Credit-Series D |
|
Aa3 |
|
AA- |
|
08/15/25 |
|
5.000 |
|
5,201,200 |
|
2,000 |
|
Michigan State Strategic Fund Limited Obligation Revenue-Ford Motor Co. Project-Series A |
|
Ba1 |
|
BB+ |
|
02/01/06 |
|
7.100 |
|
1,998,180 |
|
|
|
|
|
|
|
|
|
|
|
|
|
9,378,564 |
|
Minnesota0.98% |
|
|
|
|
|
|
|
|
|
|
|||
1,500 |
|
Shakopee Health Care Facilities-Saint Francis Regional Medical Center Revenue Refunding |
|
NR |
|
BBB |
|
09/01/17 |
|
5.000 |
|
1,552,170 |
|
Nevada4.34% |
|
|
|
|
|
|
|
|
|
|
|||
6,750 |
|
Clark County Pollution Control Revenue-Nevada Power Co. Project-Series B (FGIC Insured) |
|
Aaa |
|
AAA |
|
06/01/19 |
|
6.600 |
|
6,844,500 |
|
New Jersey6.66% |
|
|
|
|
|
|
|
|
|
|
|||
10,000 |
|
New Jersey State Educational Facilities Authority Revenue Princeton University-Series D # |
|
Aaa |
|
AAA |
|
07/01/29 |
|
5.000 |
|
10,501,400 |
|
New York31.74% |
|
|
|
|
|
|
|
|
|
|
|||
4,030 |
|
Long Island Power Authority Electric Systems Revenue-Series C |
|
A3 |
|
A- |
|
09/01/17 |
|
5.500 |
|
4,381,255 |
|
1,765 |
|
Metropolitan Transportation Authority New York Dedicated Tax Fund-Series A (FSA Insured) |
|
Aaa |
|
AAA |
|
11/15/24 |
|
5.250 |
|
1,901,876 |
|
2,500 |
|
New York City General Obligation-Series G |
|
A1 |
|
A+ |
|
08/01/13 |
|
5.000 |
|
2,668,525 |
|
4,000 |
|
New York City General Obligation-Series K (FSA Insured) |
|
Aaa |
|
AAA |
|
08/01/18 |
|
5.000 |
|
4,286,120 |
|
4,420 |
|
New York City General Obligation-Series M |
|
A1 |
|
A+ |
|
04/01/13 |
|
5.000 |
|
4,708,493 |
|
2,000 |
|
New York City Industrial Development Agency Special Facilities Revenue-Terminal One Group Association Project |
|
A3 |
|
BBB+ |
|
01/01/15 |
|
5.500 |
|
2,140,600 |
|
2,750 |
|
New York City Industrial Development Agency Special Facilities Revenue-Terminal One Group Association Project |
|
A3 |
|
BBB+ |
|
01/01/17 |
|
5.500 |
|
2,933,012 |
|
3,250 |
|
New York City Industrial Development Agency Special Facilities Revenue-Terminal One Group Association Project |
|
A3 |
|
BBB+ |
|
01/01/18 |
|
5.500 |
|
3,460,925 |
Principal |
|
|
|
Moodys |
|
S&P |
|
Maturity |
|
Interest |
|
Value($) |
|
3,000 |
|
New York City Municipal Water Finance Authority Water & Sewer Systems Revenue-Series C (MBIA Insured) |
|
Aaa |
|
AAA |
|
06/15/26 |
|
5.000 |
|
3,171,300 |
|
8,000 |
|
New York City Municipal Water Finance Authority Water & Sewer Systems Revenue-Series C (MBIA Insured) |
|
Aaa |
|
AAA |
|
06/15/27 |
|
5.000 |
|
8,444,000 |
|
1,625 |
|
Triborough Bridge & Tunnel Authority Revenue-Series B |
|
Aa2 |
|
AA- |
|
11/15/18 |
|
5.250 |
|
1,760,184 |
|
3,140 |
|
Triborough Bridge & Tunnel Authority Revenue-Series B |
|
Aa2 |
|
AA- |
|
11/15/19 |
|
5.250 |
|
3,401,217 |
|
6,400 |
|
Triborough Bridge & Tunnel Authority Revenue-Subordinate Bonds |
|
Aa3 |
|
A+ |
|
11/15/30 |
|
5.250 |
|
6,802,176 |
|
|
|
|
|
|
|
|
|
|
|
|
|
50,059,683 |
|
North Carolina12.38% |
|
|
|
|
|
|
|
|
|
|
|
||
5,000 |
|
North Carolina Eastern Municipal Power Agency-Series A (Escrowed to Maturity) |
|
Baa2 |
|
BBB |
|
01/01/11 |
|
5.500 |
|
5,376,900 |
|
2,000 |
|
North Carolina Eastern Municipal Power Agency-Series A (Escrowed to Maturity) |
|
Baa2 |
|
BBB |
|
01/01/12 |
|
5.500 |
|
2,168,680 |
|
3,065 |
|
North Carolina Eastern Municipal Power Agency-Series A (Escrowed to Maturity) |
|
Baa2 |
|
AAA |
|
01/01/21 |
|
6.400 |
|
3,736,388 |
|
8,745 |
|
North Carolina State Public Improvement-Series A |
|
Aa1 |
|
AAA |
|
03/01/24 |
|
4.000 |
|
8,247,322 |
|
|
|
|
|
|
|
|
|
|
|
|
|
19,529,290 |
|
Ohio6.86% |
|
|
|
|
|
|
|
|
|
|
|
||
2,185 |
|
Ohio State Higher Education-Series B |
|
Aa1 |
|
AA+ |
|
11/01/17 |
|
5.250 |
|
2,359,035 |
|
8,000 |
|
Ohio State Water Development Authority-Water Quality Pollution Control |
|
Aaa |
|
AAA |
|
06/01/24 |
|
5.000 |
|
8,467,120
|
|
10,826,155 |
|||||||||||||
Pennsylvania10.02% |
|
|
|
|
|
|
|
|
|
|
|
||
7,125 |
|
Allegheny County Sanitation Authority Sewer Revenue Refunding-Series A (MBIA Insured) |
|
Aaa |
|
AAA |
|
12/01/24 |
|
5.000 |
|
7,529,985 |
|
5,000 |
|
Northumberland County Authority-Guaranteed Lease Revenue-Mountain View Manor Project |
|
NR |
|
NR |
|
10/01/20 |
|
7.000 |
|
5,207,650 |
|
3,000 |
|
Susquehanna Area Regional Airport Authority Airport Systems Revenue-Subseries D |
|
Baa2 |
|
NR |
|
01/01/18 |
|
5.375 |
|
3,069,330 |
|
|
|
|
|
|
|
|
|
|
|
|
|
15,806,965 |
|
Puerto Rico2.01% |
|
|
|
|
|
|
|
|
|
|
|
||
3,000 |
|
Puerto Rico Housing Finance Authority-Capital Funding Program (HUD Insured) |
|
Aa3 |
|
AA |
|
12/01/18 |
|
5.000 |
|
3,175,080 |
|
Rhode Island0.09% |
|
|
|
|
|
|
|
|
|
|
|
||
145 |
|
Rhode Island Housing & Mortgage Finance Corp. Homeownership Opportunity-Series 10-A |
|
Aa2 |
|
AA+ |
|
04/01/27 |
|
6.500 |
|
145,186 |
|
South Carolina0.70% |
|
|
|
|
|
|
|
|
|
|
|
||
1,000 |
|
Greenville Waterworks Revenue |
|
Aa1 |
|
AAA |
|
02/01/20 |
|
5.250 |
|
1,095,810 |
|
South Dakota0.77% |
|
|
|
|
|
|
|
|
|
|
|
||
1,190 |
|
Standing Rock South Dakota New Public Housing ** |
|
NR |
|
NR |
|
08/07/13 |
|
6.000 |
|
1,215,707 |
|
Tennessee1.64% |
|
|
|
|
|
|
|
|
|
|
|
||
2,500 |
|
Memphis-Shelby County Airport Authority Special Facilities Revenue-Federal Express Corp. |
|
Baa2 |
|
BBB |
|
09/01/09 |
|
5.000 |
|
2,592,175 |
|
Texas20.24% |
|
|
|
|
|
|
|
|
|
|
|
||
6,665 |
|
Austin Water & Wastewater System Revenue Refunding (MBIA Insured) |
|
Aaa |
|
AAA |
|
05/15/28 |
|
5.000 |
|
6,976,722 |
|
4,000 |
|
Coastal Bend Health Facilities Development-Incarnate Word Health System (Escrowed to Maturity) (AMBAC Insured) |
|
Aaa |
|
AAA |
|
01/01/17 |
|
6.300 |
|
4,519,400 |
|
Principal |
|
|
|
Moodys |
|
S&P |
|
Maturity |
|
Interest |
|
Value($) |
|
210 |
|
Eagle Mountain & Saginaw Independent School District-School Building-Unrefunded Balance-(PSF-GTD) |
|
Aaa |
|
AAA |
|
08/15/14 |
|
5.375 |
|
228,522 |
|
5,390 |
|
Frisco Independent School District Refunding-School
Building-Series C |
|
Aaa |
|
NR |
|
08/15/24 |
|
5.000 |
|
5,667,208 |
|
6,717 |
|
Harris County Texas Lease |
|
NR |
|
NR |
|
05/01/20 |
|
6.750 |
|
6,547,784 |
|
3,007 |
|
Houston Community College System Certificates of Participation |
|
NR |
|
NR |
|
06/15/25 |
|
7.875 |
|
3,135,408 |
|
1,485 |
|
Lower Colorado River Authority Transmission Contract Revenue (FSA Insured) |
|
Aaa |
|
AAA |
|
05/15/20 |
|
5.250 |
|
1,586,752 |
|
3,000 |
|
San Antonio Electric & Gas Revenue (Pre-refunded with U.S. Government Securities to 02/01/12 @ $100) |
|
Aa1 |
|
AAA |
|
02/01/20 |
|
5.375 |
|
3,256,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
31,918,476 |
|
Washington2.17% |
|
|
|
|
|
|
|
|
|
|
|
||
1,920 |
|
Metropolitan Park District Tacoma (Pre-refunded with U.S. Government Securities to 12/01/11 @ $100) (AMBAC Insured) |
|
Aaa |
|
AAA |
|
12/01/14 |
|
6.000 |
|
2,166,586 |
|
1,115 |
|
Metropolitan Park District Tacoma (Pre-refunded with U.S. Government Securities to 12/01/11 @ $100) (AMBAC Insured) |
|
Aaa |
|
AAA |
|
12/01/16 |
|
6.000 |
|
1,258,199 |
|
|
|
|
|
|
|
|
|
|
|
|
|
3,424,785 |
|
Total LongTerm Municipal Bonds (cost$260,204,825) |
|
|
|
263,697,257 |
|
||||||||
Short-Term Municipal Notes0.70% |
|
|
|
|
|
||||||||
Mississippi0.06% |
|
|
|
|
|
|
|
|
|
|
|
||
100 |
|
Harrison County Pollution Control Revenue Refunding- E. I. DuPont De Nemours |
|
P-1 |
|
A-1 |
|
01/03/06 |
|
3.750* |
|
100,000 |
|
Virginia0.64% |
|
|
|
|
|
|
|
|
|
|
|
||
1,000 |
|
Loudoun County Industrial Development Authority Revenue-Howard Hughes Medical-Series E |
|
VMIG-1 |
|
A-1+ |
|
01/03/06 |
|
3.720* |
|
1,000,000 |
|
Total Short-Term Municipal Notes (cost$1,100,000) |
|
|
|
1,100,000 |
|
||||||||
Total Investments (cost$261,304,825) (1)(2)167.89% |
|
|
|
264,797,257 |
|
||||||||
Other assets in excess of liabilities 1.85% |
|
|
|
2,923,510 |
|
||||||||
Liquidation value of auction preferred shares (69.74)% |
|
|
|
(110,000,000 |
) |
||||||||
Net Assets applicable to common shareholders100.00% |
|
|
|
157,720,767 |
|
|
Floating rate security. The interest rate shown is the current rate as of December 31, 2005. |
# |
Entire amount pledged as collateral for future transactions. |
* |
Variable rate demand notes are payable on demand. The maturity dates shown are the next interest rate reset dates. The interest rates shown are the current rates as of December 31, 2005. |
** |
Security exempt from registration under Rule 144A of the Securities Act of 1933. This security, which represents 0.77% of net assets applicable to common shareholders as of December 31, 2005, is considered illiquid and restricted. (See table below for more information). |
Illiquid and |
|
Acquisition |
|
Acquisition |
|
Acquisition |
|
Market |
|
Market |
|
Standing Rock South Dakota New Public Housing, 6.000%, 08/07/13 |
|
08/08/02 |
|
1,190,143 |
|
0.75 |
|
1,215,707 |
|
0.77 |
|
|
The securities detailed in the table below are considered illiquid and restricted and represent 6.14% of net assets applicable to common shareholders as of December 31, 2005. |
Illiquid and |
|
Acquisition |
|
Acquisition |
|
Acquisition |
|
Market |
|
Market |
|
Harris County Texas Lease, 6.750%, 05/01/20 |
|
09/07/00 |
|
6,717,399 |
|
4.26 |
|
6,547,784 |
|
4.15 |
|
Houston Community College System Certificates
of Participation, |
|
04/22/02 |
|
3,007,095 |
|
1.91 |
|
3,135,408 |
|
1.99 |
|
|
|
|
|
9,724,494 |
|
6.17 |
|
9,683,192 |
|
6.14 |
|
(1) |
Cost of investments shown approximates cost for federal income tax purposes. Gross unrealized appreciation of investments and gross unrealized depreciation of investments at December 31, 2005 were $4,503,682 and $1,011,250, respectively, resulting in net unrealized appreciation of investments of $3,492,432. |
(2) |
The Fund calculates its net asset value based on the current market value, where available, for its portfolio securities. The Fund normally obtains market values for its securities from independent pricing sources and broker-dealers. Independent pricing sources may use last reported sale prices, current market quotations or valuations from computerized matrix systems that derive values based on comparable securities. A matrix system incorporates parameters such as security quality, maturity and coupon, and/or research and evaluations by its staff, including review of broker-dealer market price quotations, if available, in determining the valuation of the portfolio securities. If a market value is not available from an independent pricing source for a particular security, that security is valued at fair value as determined in good faith by or under the direction of the Funds Board of Directors (the Board). Various factors may be reviewed in order to make a good faith determination of a securitys fair value. These factors include, but are not limited to, the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange rights on the security; related corporate actions; and changes in overall market conditions. If events occur that materially affect the value of securities (particularly non-U.S. securities) between the close of trading in those securities and the close of regular trading on the New York Stock Exchange, the securities are fair valued. The amortized cost method of valuation, which approximates market value, generally is used to value short-term debt instruments with sixty days or less remaining to maturity, unless the Board determines that this does not represent fair value. Securities traded in the over-the-counter (OTC) market are valued at the last bid price available on the valuation date prior to valuation. |
AMBAC |
- American Municipal Bond Assurance Corporation |
FGIC |
- Financial Guaranty Insurance Company |
FSA |
- Financial Security Assurance |
GTD |
- Guaranteed |
HUD |
- Housing and Urban Development |
MBIA |
- Municipal Bond Investors Assurance |
NR |
- Not Rated |
PSF |
- Permanent School Fund |
XLCA |
- XL Capital Assurance |
Futures Contracts
Number
of |
|
Contracts to Deliver |
|
In |
|
Expiration |
|
Unrealized |
125 |
|
U.S. Treasury Bond 20 Year Futures |
|
13,922,352 |
|
March 2006 |
|
(351,086) |
165 |
|
U.S. Treasury Note 10 Year Futures |
|
17,823,207 |
|
March 2006 |
|
(228,824) |
|
|
|
|
|
|
|
|
(579,910) |
For more information regarding the Funds other significant accounting policies, please refer to the Funds annual report to shareholders dated September 30, 2005.
Item 2. Controls and Procedures.
(a) | The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (‘‘Investment Company Act’’)) are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document. |
(b) | The registrant’s principal executive officer and principal financial officer are aware of no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 3. Exhibits.
(a) | Certifications of principal executive officer and principal financial officer of registrant pursuant to Rule 30a-2(a) under the Investment Company Act is attached hereto as Exhibit EX-99.CERT. |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Investment Grade Municipal Income Fund Inc.
By: | /s/ W. Douglas
Beck
W. Douglas Beck President |
Date: | February 28, 2006 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ W. Douglas
Beck
W. Douglas Beck President |
Date: | February 28, 2006 |
By: | /s/ Thomas
Disbrow
Thomas Disbrow Vice President and Treasurer |
Date: | February 28, 2006 |