Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (17623)	4/29/1998 5:09:00 PM
From: yard_man	Read Replies (1) \| Respond to of 94695

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.