you're quoting NMGL .. not FFGO .. much after the fact of people posting.. divvy is cash ..
STOCK PURCHASE AGREEMENT
Dated August 12, 2010
by and between
NORTH AMERICAN GOLD AND MINERALS FUND
and
WESTERN DIVERSIFIED MINING RESOURCES, INC.
REDEMPTION. The shares of Series A Preferred Stock shall not be redeemable prior to December 31, 2010. On and after January 1, 2011, the Company, at its option, may redeem shares of Series A Preferred Stock, as a whole or in part, for cash, at any time or from time to time, at a redemption price of Sixteen Dollars (US$16.00) per share plus, in each case, any declared and unpaid dividends thereon to the date fixed for redemption.