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Strategies & Market Trends : Strictly: Drilling II
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To: Cogito Ergo Sum who wrote (16034)7/20/2002 11:50:28 AM
From: chris714  Read Replies (1) of 36161
 
Kastel, I know that you had mentioned owning FAP.TO....I am not sure if you had owned FAX.

I have been planning on purchasing FAX on any dip at all...however I just realized that FAP.TO had their dividend cut last month....and a resulting price drop.

I know that there are some similarities between the 2 funds...including ownership I believe..

To your knowledge..what are the chances that FAX would reduce their dividend as well?

I looked at the charts and FAX did nothing in sympathy on the div. cut date....so maybe I am way off base here.....but aren't they basically the same thing...just that one is Canadian?

I was thinking that maybe they cut the div on FAP because in Canada they have already begun to raise rates I believe.

Just thinking out loud..and many of my thoughts may be off base.....but if you have any guidance regarding the purchase of a high-yielding fund that benefits from a decline in the $USD.....plz let me know.

Chris
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