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To: Bid Buster who wrote (160218)4/16/2002 1:56:55 PM
From: Tommaso  Respond to of 436258
 
The monthly dividend is paid in US dollars but the income and the bonds behind it are the currencies --mainly Australian-- where bonds are issued. There are some minor exceptions to this.

Much of the income is tax free because it is a return of capital. To own FAX is kind of like buying an annuity in Australian bonds.