From YHOO:
The First Australia Prime Income Fund Announces Distribution
NEW YORK, April 13 /PRNewswire/ -- The First Australia Prime Income Fund, Inc., a closed-end bond fund (Amex: FAX - news), announced
today that it will pay a monthly distribution of US 6 cents per share, payable on May 15, 1998 to all shareholders of record on April 30, 1998
(Ex-dividend Date: April 28, 1998).
Consistent with its policy of maintaining a stable monthly distribution, the Fund may pay distributions in excess of its net investment income from any
realized capital gains. The Fund's Board of Directors, in accordance with its policy, reviews the levels of monthly distributions at its quarterly Board
meetings, with the next review to take place in June 1998.
At the time of its offering in April 1996, The First Australia Prime Income Fund was the largest-ever initial public offering on The American Stock
Exchange. The Fund has total assets of approximately US$1.6 billion. The Fund is managed by EquitiLink International Management Limited and is
advised by EquitiLink Australia Limited. |
