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To: Biomaven who wrote (94081)9/16/2010 4:30:11 AM
From: CrossyRespond to of 118717
 
Biomaven,
these funds I referred to actually UNDERdistributed their earnings in order to rebuild capital after the meltdown - that's why they had distribution yields of around 6% versus >8% for other preferred funds (FFC, FLC). Earnings can be twofold: dividend income and also capital gains related income from buying and selling preferred and other securities.

rgrds
CROSSY