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To: amoezzi who wrote (41346)5/28/2005 12:12:38 PM
From: Dale BakerRead Replies (2) of 118717
 
I have no doubt that the quarterly dividend is very safe for a couple of years thanks to how NFI has structured the portfolio they retain.

But the common stock price could get knocked around badly in the worst case.

Your alternative is to buy the NFI preferred stock (NFI.PR.C on ETrade or NFI-PC on Yahoo) and get a 10.6% yield in a security with a guaranteed par price of $25. Current price is 25.38 and it's not callable until 2009.
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