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Strategies & Market Trends : Dividend Investing

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To: Daniel Miller who started this subject	3/16/2003 1:35:33 AM
From: somethingwicked	of 387

CHC has been a good investment for me. As the press release states, it is exempt from federal income tax. NEW YORK--(BUSINESS WIRE)--March 14, 2003--The Board of Trustees of Charter Municipal Mortgage Acceptance Company ("CharterMac" or the "Company") (AMEX:CHC - News) has declared a dividend of $0.325 per share for the first quarter of 2003, payable on May 15, 2003, to shareholders of record as of March 31, 2003. The 1.6% increase in per share dividend distribution represents CharterMac's ninth distribution increase since the Company's initial listing on the American Stock Exchange in October 1997. CharterMac's present quarterly dividend on an annualized basis is $1.30 per share, representing a 7.5% dividend yield on the $17.43 per share closing price on March 13, 2003. Assuming the Company's income during the year is approximately 96% exempt from Federal income and assuming a shareholder is in the 38.6% tax bracket, the taxable equivalent yield would be approximately 12%.

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