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To: Paul Kern who wrote (2077)12/19/2008 3:36:35 PM
From: Paul Kern
   of 29479
AGNC Declares $1.20 Fourth Quarter Dividend
Last update: 12/19/2008 3:15:00 PM

BETHESDA, Md., Dec 19, 2008 /PRNewswire-FirstCall via COMTEX/ -- American Capital Agency Corp. (AGNC) (the "Company") announced today that its Board of Directors has declared a cash dividend of $1.20 per share for the fourth quarter 2008. The dividend is payable on January 26, 2009 to common shareholders of record as of December 31, 2008, with an ex-dividend date of December 29, 2008.

"We are pleased to declare a fourth quarter 2008 dividend of $1.20 per share," commented Malon Wilkus, Chairman, President and CEO of AGNC. "Our focus on relative value has generated attractive returns for our shareholders, despite the continued volatility in the broader markets."

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From: Steve Felix12/19/2008 7:54:59 PM
   of 29479
Prospect Capital Declares 17th Consecutive Quarterly Dividend Increase, Representing a 14.6% Current Dividend Yield
Friday December 19, 8:30 am ET

NEW YORK, NY--(MARKET WIRE)--Dec 19, 2008 -- Prospect Capital Corporation (NasdaqGS:PSEC - News) ("Prospect" or "Company") announced today that it has declared a second fiscal quarter (for the fiscal year ending June 30, 2009) dividend of $0.40375 per share.
This dividend marks the Company's 17th consecutive quarterly increase. The dividend now represents an approximately 14.6% current annualized dividend yield based on the closing stock price for December 18, 2008 of $11.06. The ex-dividend date is Monday, December 29, 2008. The record date is Wednesday, December 31, 2008. The payment date is Monday, January 19, 2009.

Dividend History

Dividend Per Share Quarter Ended
$0.40375 December 31, 2008
$0.4025 September 30, 2008
$0.40125 June 30, 2008
$0.40 March 31, 2008
$0.395 December 31, 2007
$0.3925 September 30, 2007
$0.39 June 30, 2007
$0.3875 March 31, 2007
$0.385 December 31, 2006
$0.38 September 30, 2006
$0.34 June 30, 2006
$0.30 March 31, 2006
$0.28 December 31, 2005
$0.20 September 30, 2005
$0.15 June 30, 2005
$0.125 March 31, 2005
$0.10 December 31, 2004

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From: Steve Felix12/21/2008 4:49:12 PM
   of 29479
Sunday, December 21, 2008
Dividend Aristocrats Performance With One Week Remaining In The Year

Standard & Poor's Dividend Aristocrats are maintaining a large performance edge over the Dow Jones Industrial Average Index, the S&P 500 Index and the Nasdaq Index. With a little over one week remaining in 2008, the Aristocrats' market cap weighted return on a year to date basis is -24.2% versus the S&P 500 Index return of -39.5%. Detail on the specific Aristocrat companies is noted in the below spreadsheet.

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From: Steve Felix12/21/2008 7:19:53 PM
   of 29479
Fighting The Herd Mentality

We’ve recently come to recognize the herd mentality that’s been corralling the minds of retail investors and how this has led to a ‘bubble’ in U.S. Treasuries. This phenomenon reflects the extreme risk aversion that’s moving the markets these days and how people are more focused on return of investment than return on investment.

Even though the yield on Treasuries is at historically low levels, investors are willing to sacrifice the returns they need for the sense of security they want. Unfortunately, this fixation with ‘safe’ assets doesn’t make much sense within the context of long-term goals.

Let us now look at the other side of the Treasuries phenomenon. In their quest for certainty, many investors may be unwittingly ignoring dividend yields on stocks, which have become more compelling as a result of the downturn in global markets.

The Dividend Yield
As dividend investors, we have recently noticed that the dividend yield on the S&P 500 Index is greater than the yield on U.S. Treasury bonds for the first time in 50 years!

Case in point, the dividend yield on the S&P 500 as of the end of November was about 3% versus the yield on the 10-year Treasury which today, is about 2% (the 2-year Treasury is yielding about 0.70%). What’s more, this isn’t just a U.S. phenomenon. In Europe, the yield on stocks also currently exceeds the yield on government bonds.

Of course, dividends are a key part of total returns (price appreciation plus investment income, including dividends). The fact that dividend yields are high relative to Treasury yields right now makes the case for dividend-paying companies that much more compelling.

If we look back to the period between 1974 and 1982, the performance of the S&P 500 was sluggish on a price return basis. But if you look at what happened as markets began to recover, including dividends in the returns that investors earned as they emerged from a period of economic uncertainty and capital market weakness (i.e. looking at total return) made a significant difference.

Herding To Safety
Today, the desire for safety runs the risk of driving ‘the herd’ off the edge of the proverbial cliff as people abandon their long-term goals in favor of short-term stability. But despite what the headlines might suggest, the world isn’t two- dimensional.

That is to say it’s not just risky assets or safe assets. To see the total picture, including why dividends need to be a key consideration in the investment process, is a starting point to having better, more robust conversations in today’s uncertain environment.

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From: Steve Felix12/22/2008 5:19:43 PM
   of 29479
4:11PM Ashford Hospitality Trust: The Board has not made any determination for the common stock dividend for the fourth quarter ending December 31, 2008, or its dividend policy for 2009 (AHT) 1.37 -0.12

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To: Steve Felix who wrote (2082)12/23/2008 5:39:41 PM
From: snookcity
   of 29479
DXD 58.22 -14.90 -20.38%
QID 60.05 -8.77 -12.75%
SDS 77.43 -10.01 -11.45%
QQQQ 29.06 -0.15 -0.51%
SPY 86.16 -0.90 -1.03%
MDY 91.64 -1.45 -1.56%
DIA 84.07 -0.89 -1.05%
MZZ 65.89 -22.50 -25.46%
Could some one explain how they are all down
with a down day for the markets, shouldnt

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To: snookcity who wrote (2083)12/23/2008 5:46:53 PM
From: Steve Felix
   of 29479
I think it is pay out day.

"Capital gain distributions for 35 of the firm’s ETFs were announced earlier today."

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To: snookcity who wrote (2083)12/23/2008 6:52:30 PM
From: JimisJim
   of 29479
ETF distributions today:

As you might expect, the ultra short ETFs had sizable distributions. The above link has a table that lists all of the ETFs and how big their distributions are.


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To: Steve Felix who wrote (2084)12/23/2008 8:27:35 PM
From: snookcity
   of 29479
ok thanks i saw the distributions, but
the drop in share price seemed high. thanks
I sold DXD AND MZZ afew months ago might be
time to buy back.

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From: chowder12/24/2008 10:37:45 AM
   of 29479
I copied this from an Ivillage message board.

The Little-Known Asset Class Boosting Yields +151% in a Year

These special securities were designed for one sole purpose -- to provide investors with a steady stream of rising income. We're not talking about some fantasy investment idea. We're talking about a little known and often misunderstood group of securities called "General Partners" -- or "GPs" for short.

Only a few years ago, you couldn't invest in these money-making machines since they were the exclusive preserve of private equity firms and other insiders. But in the past three years, some GPs have started trading publicly in a bid to raise the capital needed to build the nation's energy infrastructure. Although the doors are now open to the public, many investors are not yet aware of the tremendous income potential of these distribution growth dynamos.

You've likely heard of master limited partnerships (MLPs), a group of about 100 securities -- mostly pipeline companies -- that boast double-digit yields and double-digit dividend growth. "Dividend Optimizer" holding Magellan Midstream Partners (NYSE: MMP), for example, is a premier MLP that operates the longest refined petroleum products pipeline in the nation.

But you may not be familiar with the groups behind these MLPs, the people that really run the show -- the general partner (or more accurately, the company that owns the general partner). Until recently, GPs offered dividend yields of about 4-5%. But now that has changed, and the average yield of the nine strongest and highest-yielding GPs we've identified today is a solid 10.8%. That's right, the yield for this group has risen +151% between 2007 and 2008, as you can see from the accompanying chart.

As you know, yields rise as prices fall, but lower share prices are not the sole reason for the higher yields of these GPs. It may seem hard to believe in today's markets, when dividend stalwarts like Bank of America (NYSE: BAC) and Citigroup (NYSE: C) have slashed payouts, but the GPs we've selected have seen their dividends (called "distributions" in partnership lingo) grow an average of +14.0% during 2008.

How GPs Make Money
What's behind this growth amid one of the worst years on record for dividends? It's called "incentive distribution rights" (IDRs). Don't let the legal sounding jargon fool you into thinking that these rights are worthless mumbo jumbo. In fact, they're the money-making catalyst for the general partners and the investors who own a stake in these GPs.

Here's how the system works. General partners manage the day-to-day business of master limited partnerships. The MLPs such as Magellan Midstream Partners are like silent partners. They receive cash flow from the pipeline assets, but aren't involved in running the business.

That's the job of a company like Magellan Midstream Holdings (NYSE: MGG), which owns and controls Magellan GP. MGG, for instance, identifies potential acquisitions, arranges financing, oversees operations, and even sets dividend policy. GPs also may help fund growth by providing capital, loans, or other financing.

In return, GPs are amply rewarded for their efforts. They typically own a 2% equity stake in the MLP, but that's not all. They also receive a special management fee in the form of incentive distribution rights. These additional distributions are legally binding. They're paid out according to a pre-set formula that's given in the prospectus when the MLP is formed.

Exponential Distribution Growth
MLPs must pay out almost all their available cash each quarter to partners, including the general partner. Most general partners are also organized as partnerships or limited liability companies, so they must also distribute the bulk of their cash flow to unitholders.

Typically, the GP receives an initial 2% of the MLP's distributable cash flow to reflect its 2% equity interest, while MLP unitholders get the remaining 98%. As the limited partner's distributions increase, however, the percentage take of the GP also increases, often to a maximum of 50%.

For example, MGG's distribution rights, together with the 2% equity interest, look like this: (chart did not post and the rest of the article was to long to show up here.)

Link for those with access to Ivillage:

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