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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Bernie Goldberg who wrote (6940)	2/27/1999 11:45:00 AM
From: LemonHead	Read Replies (2) \| Respond to of 18928

Bernie & Tom, You can get the dividends in cash or if your broker provides it, they can be reinvested. I guess I'm missing something here. Why wouldn't you place your cash reserves here? It appears that you would make more interest for AIM. Keith <> = {} so {/i} or {/b} for ending.

To: Bernie Goldberg who wrote (6940)	3/30/1999 10:27:00 PM
From: LemonHead	Read Replies (1) \| Respond to of 18928

To all: Subject: Closed End Funds (reference post # 6940 by Bernie). First a word of caution on current E-mails. If you receive the attachment name Happy99.exe you may have a problem. This is the Virus Name W32/Ska.exe. I was gifted this mess some time around 03/19 and my PC at work is currently serving has a Paper Weight … This is no laughing matter, I believe that I received this gift via an e-mail that contained a "Joke". I don't have time to read them and delete them ASAP. BWDIK. Back to the subject. My wife is 55 and will retire from Bush Agricultural Resources in the next few weeks. The Shark's are circling her in hopes of getting their teeth into her retirement funds. In defense, I need a spear gun and all I currently own is a pocket knife. To my SI friends that have experience in retirement, I ask for your experience and guidance in this matter. From Bernie's post. Most of the income funds pay dividends monthly. You can get the dividends in cash or if your broker provides it, they can be reinvested. Her 1st objective is to place enough money in a secure holding that will enable her to draw an annual income of $12,000. Based on our previous discussions, I reviewed the Closed End Fund GSF last night. Some of my observations. As of 12/31/98 the NAV was placed at $8.82 per share. As per Bernie, If the Net Asset Value is higher than the price, that fund is selling at a discount. Yesterday the fund closed at $7.75 so I assume that the fund is selling at a discount. Excerpts from the Letter to Shareholders dated February 1999: The fund is designed to provide high current income consistent with the preservation of capital. Your fund underperformed. The U.S. Treasury market will continue to provide a safe haven during times of volatility. Net Assets beginning of the year = $814,624,000. Net Assets end of year = $687,166,000. NAV beginning of the year = $10.46, at the end of year = $8.82. The Fund had a capital loss carryforward of $42,513,911 of which $8,356,705 expires in the year 2003, and $34,157,206 which expires in the year 2006. What is this telling me? During the year the fund issued 72,673 shares in connection with the dividend reinvestment plan. What is this telling me? I assume that you don't get cash payouts and shares too. Shareholders whose shares are registered in their own names may elect to be participants in the Dividend Reinvestment and Cash Purchase Plan (the "Plano"). Pursuant to which dividends and capital distributions to share holders will be reinvested in additional shares of the Fund. In conclusion it appears that most of the loss in 98 had to do with the swap contracts and foreign currency transactions (the collapse in Russia). This doesn't mean the fund is bad or ill managed, for future growth can only be sustained with a consistent global investment commitment. Any comments or thoughts? LemonHead