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Non-Tech : Income Investing -- Ignore unavailable to you. Want to Upgrade?

To: brehm233 who wrote (10772)	7/1/2014 7:37:21 AM
From: brehm233	3 Recommendations Recommended By i.mkat KEN2CWL lumpygravy Respond to of 52052

Dividends will be payable on the Series H Cumulative Redeemable Perpetual Preferred Stock at a rate of 8.625% per annum of the stated liquidation preference. The Company has applied to have the American Depositary Shares listed on the New York Stock Exchange under the symbol "NMPrH."

To: brehm233 who wrote (10772)	7/1/2014 2:08:13 PM
From: lumpygravy	3 Recommendations Recommended By brehm233 KEN2CWL tjon72 Read Replies (1) \| Respond to of 52052

Re: NM-H.......OTC ticker will be NMHDF but MerrillEdge is not recognizing it yet. I was happy to get some of the 8.75% NM-G @ $24.67 on the OTC last April. I will definitely try to add a small stake in NM-H (if below par) to round out my Navios holdings. The common stock, NM, is up nearly 100% from it's 52-week low and is trading above $10. They have paid a quarterly dividend of $0.06 for the past five years. At this point in time the preferreds look very safe, in my opinion. Of course, all areas of the shipping industries need to be monitored for changes in their business environments. With a yield over 8%, I feel that I am being fairly compensated for the business risk.