F Shares Question:
My understanding is that the F shares distribution of $.034 derived from 1/4 the dividend guideline of 8% of income; so, $.01 for 2010, and $.02 for 2011, and $.004 interest. This is payable May 31,2014 to shareholders of record 9/28, 2012.
Question is, how will they pay that portion of the 2012 dividend to be declared a year from now? Assume 2012 income is $.70, then 1/2 of 8% is $028. I guess they could add it to the F shares, so then $.062. But what about people who become of record in 2013 but weren't in 2012?
Do they have to issue "G" shares?
Or, did the F shares only apply to 2010 and 2011 dividends, and there will be a new policy for 2012, declared and paid late 2013?