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Friday, 02/06/2009 10:49:44 PM

Friday, February 06, 2009 10:49:44 PM

Post# of 523
I am a sucker for dividends I jumped yesterday in on GRT 80% dividends and PEI 55% dividends read S+P on Scottrade didn't look like they were going under GRT had a BB- other was not rated but I saw it has paid a dividend since 1964. Only got $500 in each. If they pull through I get $50.00 a mo. Would get a little over $4.oo in a Bank CD Some things you might not know some of the low price of REIT and their preferreds is caused by leveraging buy Closed End Funds that were REITS like NRO RDR RMR JRS their is a 1940 law that they had to have $2.00 for every $1.00 leverage( their leverage is their preferreds AMP) when the REIT nose dived had to sell some of their REIT stock or preferreds this made some other to sell at the end in DEC it look to me they had to sell at a big loss NRO went from paying $0.15 to $0.03 per mo and you still can get it at 25% dividend I got the ideal to get GRT from their (NRO) (can het what the hole in their SEC filings NQ) in sep. they said all their stock was going to make it throught the hard time.I didn't bight on NCT but did on some preferreds on SFI got their preferred SFI=E at 66% if one out of the three make I should be ok.

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