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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend -- Ignore unavailable to you. Want to Upgrade?

To: alexed who wrote (2124)	6/19/2001 5:39:36 PM
From: Jeffrey Beckman	Respond to of 2561

Re: NAT. Big dividend (around 24%), but in the oil tanker business, not a REIT. It has traded down a bit lately, I'm not sure if this reflects anything fundamental, or not.

To: alexed who wrote (2124)	6/19/2001 5:44:42 PM
From: CygnusX3	Respond to of 2561

INV has suspended its dividend for as long as they do not have taxable earnings. Read the press release for their first quarter earnings report.

To: alexed who wrote (2124)	6/19/2001 7:29:08 PM
From: Wren	Respond to of 2561

NAT (Nordic American Tanker Shipping Ltd.)owns 3 SuezMax double hulled oil tankers built in 1997 which it leases to BP Shipping for seven years under a Hell and High Water bareboat lease. NAT receives $13,500 per vessel per day as base rent. If the average daily rate paid by others is more, additional rent is paid by BP. At the end of each quarter, NAT computes its net and declares its quarterly dividend based on the actual net for the quarter. The dividend varies widely. If interested look at the Yahoo historic information on NAT. It shows both stock price and dividend. In quarters when no additional rent is received, the dividend is much, much lower than the amount which has been paid in the last several quarters. NAT is a Bermuda company. It pays no tax to Bermuda. But since it is a foreign entity, it can apparently have a complex tax result if held in a taxable account. I read a posting about being taxed on a phantom dividend in addition to the actual dividends received. I hold my NAT in an IRA.