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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (82615)8/2/2008 2:03:16 AM
From: Sr K  Read Replies (1) of 116555
 
Mish, have you looked at the RMK Advantage Income Fund Inc. (NYSE: RMA)?

Pay"s" 6 cents a month. Next XD 8/7. Current yield 34.78%.

The name stands for Regions + Morgan Keegan. Regions is RF.

If they don't make good for the bad paper in the fund, I don't know where it will end. But it wasn't an advantage for anyone holding it.

If they do make good, on RMA and a few others, RF will need to raise more capital. They recently cut the dividend from 38 cents to 10 cents, to build capital.

And

Friday, August 1, 2008 - 10:25 AM CDT
More lawsuits filed against Morgan Keegan for risky investments

nashville.bizjournals.com
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