First Austrailia Prime-Outstanding Income Opportunity

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Gold/Mining/Energy
First Austrailia Prime-Outstanding Income Opportunity

An SI Board Since July 1999

Posts	SubjectMarks	Bans	Symbol
6	0	0	FAP

Emcee: ddcox1	Type: Unmoderated

Introduction Market Data Compact

I have been extremely impressed by this closed-end mutual fund trading on the TSE-FAP. This is a foriegn bond fund primarily invested in Austrailian bonds with small exposure to other asian issues. What impresses me is: 1) The performance of this fund is far superior to any foriegn bond based mutual fund in Canada. This is based on asset value alone. The underlying stock is trading at about a 20% to net asset value, making it an even more an attractive buy. 2) The underlying assets of the fund are of outstanding quality. Approximately 85% of the bonds in the portfollio are rated AA or better. 3) The fund currently pays a monthly distribution of 8 cents a share or about 9.8% based on current market price. Information on the fund can be found at its managers website: www.equitilink.com

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Reply	Message Preview	From	Recs	Posted
6	Hi All... Does anyone know of any other high yielding income type stocks li	Gold Panner	-	11/7/2000
5	Moneypenny: Yep, Still have it. No matter what happens in the day to day price	ddcox1	-	4/15/2000
4	Do you still have FAX? I have recently been buying more for an income oriented	MoneyPenny	-	4/8/2000
3	Bruce: I think the reason it is selling off is simply a lack of liquidity. Th	ddcox1	-	1/23/2000
2	The Fading of First Australia Prime Income By Elizabeth Roy Senior Writer 12/3/	The Barracuda™	-	12/9/1999
1	Any idea why it's been dropping lately ... other than the decline in $AU?	Bruce W. Shier	-	12/9/1999

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