|
|
|
|
|
|
|
| 2006 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 3, 2006 |
Mar. 20, 2006 |
$0.23 |
$8.4904 |
|
Jun. 2, 2006 |
Jun. 19, 2006 |
$0.22 |
$7.4766 |
|
Sep. 1, 2006 |
Sep. 18, 2006 |
$0.21 |
$7.6818 |
|
Nov. 10, 2006 |
Jan. 2, 2007 |
$0.22 |
$8.07 |
|
Total |
|
$0.88 |
|
|
|
| 2005 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Feb. 4, 2005 |
Mar. 21, 2005 |
$0.22 |
$8.9300 |
|
May 13, 2005 |
Jun. 27, 2005 |
$0.21 |
$8.70 |
|
Aug. 5, 2005 |
Sep. 26, 2005 |
$0.23 |
$8.81 |
|
Nov. 10, 2005 |
Jan. 3, 2006 |
$0.21 |
$8.55 |
|
Total |
|
$0.87 |
|
|
|
| 2004 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Feb. 27, 2004 |
Mar. 22, 2004 |
$0.24 |
$9.3575 |
|
May 17, 2004 |
Jun. 28, 2004 |
$0.22 |
$8.92 |
|
Aug. 13, 2004 |
Oct. 04, 2004 |
$0.21 |
$8.60 |
|
Nov. 12, 2004 |
Jan. 3, 2005 |
$0.22 |
$9.06 |
|
Total |
|
$0.89 |
|
| Rights offering completed in July 2004. One share offered at $8.34 for every 10 shares owned. The number of shares offered was increased by an additional 25% to cover a portion of the over-subscription requests. |
|
|
| 2003 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Feb. 28, 2003 |
Mar. 17, 2003 |
$0.17 |
$6.9177 |
|
May 16, 2003 |
Jun. 30, 2003 |
$0.19 |
$8.01 |
|
Aug. 15, 2003 |
Oct. 6, 2003 |
$0.20 |
$8.53 |
|
Nov. 14, 2003 |
Jan. 2, 2004 |
$0.22 |
$8.8730 |
|
Total |
|
$0.78 |
|
|
|
| 2002 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 1, 2002 |
Mar. 18, 2002 |
$0.25 |
$11.0580 |
|
May 17, 2002 |
Jul. 1, 2002 |
$0.24 |
$8.67 |
|
Aug. 30, 2002 |
Sep. 16, 2002 |
$0.20 |
$7.31 |
|
Nov. 15, 2002 |
Jan. 2, 2003 |
$0.19 |
$7.07 |
|
Total |
|
$0.88 |
|
Rights offering completed in May 2002. One share offered at $8.99 for every 10 shares owned.
|
|
|
| 2001 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 2, 2001 |
Mar. 19, 2001 |
$0.33 |
$11.8180 |
|
May 18, 2001 |
Jul. 2, 2001 |
$0.31 |
$12.2930 |
|
Aug. 17, 2001 |
Oct. 9, 2001 |
$0.31 |
$8.9680 |
|
Nov. 16, 2001 |
Jan. 2, 2002 |
$0.25 |
$10.5260 |
|
Total |
|
$1.20 |
|
|
|
| 2000 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 3, 2000 |
Mar. 20, 2000 |
$0.33 |
$11.2167 |
|
Jun. 2, 2000 |
Jun. 19, 2000 |
$0.36 |
$12.5570 |
|
Sep. 1, 2000 |
Sep. 18, 2000 |
$0.37 |
$12.8640 |
|
Nov. 17, 2000 |
Jan. 2, 2001 |
$0.36 |
$12.5625 |
|
Total |
|
$1.42 |
|
|
|
| 1999 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 5, 1999 |
Mar. 22, 1999 |
$0.34 |
$13.0267 |
|
May 21, 1999 |
Jul. 6, 1999 |
$0.37 |
$13.2500 |
|
Aug. 20, 1999 |
Oct. 4, 1999 |
$0.34 |
$12.2500 |
|
Nov. 19, 1999 |
Jan. 3, 2000 |
$0.34 |
$10.9375 |
|
Total |
|
$1.39 |
|
|
|
| 1998 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 6, 1998 |
Mar. 23, 1998 |
$0.35 |
$14.354 |
|
May 22, 1998 |
Jul. 6, 1998 |
$0.37 |
$13.125 |
|
Aug. 21, 1998 |
Oct. 5, 1998 |
$0.34 |
$11.688 |
|
Nov. 20, 1998 |
Jan. 4, 1999 |
$0.34 |
$12.500 |
|
Total |
|
$1.40 |
|
Rights offering completed in April 1998. One share offered at $12.83 for every 20 shares owned.
|
|
|
| 1997 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 7, 1997 |
Mar. 24, 1997 |
$0.32 |
$12.009 |
|
May 23, 1997 |
Jul. 7, 1997 |
$0.32 |
$12.875 |
|
Aug. 22, 1997 |
Oct. 6, 1997 |
$0.35 |
$13.813 |
|
Nov. 21, 1997 |
Jan. 5, 1998 |
$0.34 |
$13.250 |
|
Total |
|
$1.33 |
|
Cost basis adjustments are needed as the result of retaining net long-term capital gains:
Record Dates: 12/31/97 | $0.6700 per share |
|
|
| 1996 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 8, 1996 |
Mar. 25, 1996 |
$0.29 |
$11.434 |
|
May 31, 1996 |
Jul. 2, 1996 |
$0.30 |
$10.750 |
|
Aug. 30, 1996 |
Oct. 7, 1996 |
$0.28 |
$11.000 |
|
Nov. 21, 1996 |
Jan. 6, 1997 |
$0.31 |
$11.250 |
|
Total |
|
$1.18 |
|
Cost basis adjustments are needed as the result of retaining net long-term capital gains:
Record Dates: 12/31/96 | $0.2470 per share |
|
|
| 1995 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 3, 1995 |
Mar. 20, 1995 |
$0.24 |
$9.594 |
|
Jun. 2, 1995 |
Jun. 19, 1995 |
$0.25 |
$10.106 |
|
Sep. 1, 1995 |
Oct. 10, 1995 |
$0.27 |
$10.375 |
|
Dec. 1, 1995 |
Jan. 8, 1996 |
$0.28 |
$10.875 |
|
Total |
|
$1.04 |
|
|
|
| 1994 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 4, 1994 |
Mar. 21, 1994 |
$0.26 |
$10.390 |
|
Jun. 3, 1994 |
Jun. 20, 1994 |
$0.25 |
$9.975 |
|
Sep. 2, 1994 |
Sep. 19, 1994 |
$0.25 |
$9.697 |
|
Dec. 2, 1994 |
Jan. 9, 1995 |
$0.24 |
$8.500 |
|
Total |
|
$1.00 |
|
Rights offering completed in September 1994. One share offered at $9.14 for every 15 shares owned.
|
|
|
| 1993 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 5, 1993 |
Mar. 22, 1993 |
$0.27 |
$10.600 |
|
Jun. 4, 1993 |
Jun. 21, 1993 |
$0.26 |
$10.450 |
|
Sep. 3, 1993 |
Oct. 8, 1993 |
$0.27 |
$10.790 |
|
Dec. 3, 1993 |
Jan. 10, 1994 |
$0.27 |
$10.570 |
|
Total |
|
$1.07 |
|
Rights offering completed in October 1993. One share offered at $10.41 for every 15 shares owned.
Cost basis adjustments are needed as the result of retaining net long-term capital gains:
Record Dates: 12/31/93 | $0.3412 per share |
|
|
| 1992 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Feb 20, 1992 |
Apr. 2, 1992 |
$0.27 |
$10.470 |
|
Jun. 26, 1992 |
Jul. 13, 1992 |
$0.27 |
$10.493 |
|
Sep. 4, 1992 |
Oct. 9, 1992 |
$0.26 |
$10.375 |
|
Dec. 4, 1992 |
Jan. 11, 1993 |
$0.27 |
$10.820 |
|
Total |
|
$1.07 |
|
Rights offering completed in April 1992. One share offered at $10.05 for every 10 shares owned.
|
|
|
| 1991 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 8, 1991 |
Mar. 25, 1991 |
$0.25 |
$9.271 |
|
Jun. 7, 1991 |
Jun. 24, 1991 |
$0.25 |
$9.530 |
|
Sep. 6, 1991 |
Sep. 23, 1991 |
$0.26 |
$9.829 |
|
Dec. 3, 1991 |
Jan. 6, 1992 |
$0.26 |
$10.250 |
|
Total |
|
$1.02 |
|
|
|
| 1990 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 16, 1990 |
Apr. 2 1990 |
$0.22 |
$7.999 |
|
Jun. 15, 1990 |
Jul. 2, 1990 |
$0.25 |
$8.491 |
|
Sep. 14, 1990 |
Oct. 1, 1990 |
$0.22 |
$7.292 |
|
Oct. 7, 1990 |
Dec. 24, 1990 |
$0.21 |
$7.875 |
|
Total |
|
$0.90 |
|
|
|
| 1989 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 17, 1989 |
Apr. 3, 1989 |
$0.22 |
$7.420 |
|
Jun. 16, 1989 |
Jul. 3, 1989 |
$0.24 |
$7.840 |
|
Sep. 15, 1989 |
Oct. 2, 1989 |
$0.25 |
$8.304 |
|
Dec. 8, 1989 |
Dec. 26, 1989 |
$0.24 |
$8.330 |
|
Total |
|
$0.95 |
|
|
|
| 1988 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 18, 1988 |
Apr. 4, 1988 |
$0.04 |
$6.886 |
|
Jun. 20, 1988 |
Jul. 5, 1988 |
$0.20 |
$7.030 |
|
Sep. 16, 1988 |
Oct. 3, 1988 |
$0.20 |
$7.122 |
|
Dec. 9, 1988 |
Dec. 26, 1988 |
$0.20 |
$7.345 |
|
Total |
|
$0.64 |
|
The Fund's current 10% distribution policy began in the 2nd quarter of 1988.
|
|
|
| 1987 Dividend Information |
|
|
Record Date |
Payment Date |
Dividend Amount |
Reinvestment Price |
|
|
|
Mar. 20, 1987 |
Apr. 2, 1987 |
$0.05 |
$9.702 |
|
Jun. 19, 1987 |
Jul. 1, 1987 |
$0.03 |
$9.050 |
|
Aug. 11, 1987 |
Aug. 21, 1987 |
$0.60 |
$9.998 |
|
Sep. 25, 1987 |
Oct. 5, 1987 |
$0.25 |
$9.031 |
| Dec. 11, 1987 |
Dec. 28, 1987 |
$0.25 |
$6.461 |
|
Total |
|
$0.88 |
|
|
|
|
| Distribution Policy |
| The current policy, in effect since 1988, is to pay distributions on its common shares totaling approximately 10 percent of its net asset value per year, payable in four quarterly installments of 2.5% of the Fund's net asset value at the close of the New York Stock Exchange on the Friday prior to each quarterly declaration date. The fixed distributions are not related to the amount of the Fund's net investment income or net realized capital gains or losses and may be taxed as ordinary income up to the amount of the Fund's current and accumulated earnings and profits.
If, for any calendar year, the total distributions required by the 10 percent pay-out policy exceed the Fund's net investment income and net realized capital gains, the excess will generally be treated as non-taxable return of capital, reducing the shareholder's adjusted basis in his or her shares.
If the Fund's net investment income and net realized capital gains for any year exceed the amount required to be distributed under the 10 percent pay-out policy, the Fund may, in its discretion, retain and not distribute net realized capital gains and pay income tax thereon to the extent of such excess. The Fund retained such excess gains in 1993, 1996 and 1997. |
|
|
