Thursday, April 24, 2008

"I smoke your cigarette!"

I am anticipating the scheduled outage of Blogsplot, at 4pm PDT (Patriot Premium Dividend Fund II, on the NY Stock Exchange), with hopefulness. They'll never find anything to link me to Philip Morris though, at 4:00 or any other time!! It is terribly common knowledge, that, "(the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide high current income together with capital growth. The Fund invests in a diversified portfolio of dividend-paying preferred stocks and common equity securities. It invests at least 80% of its net assets in dividend-paying securities. The Fund will normally invest more than 65% of its total assets in securities of companies in the utilities industry. Preferred stocks and debt obligations in which the Fund invests are rated investment grade by Moody’s or Standard & Poor’s at the time of investment, or will be preferred stock of issuers of investment-grade senior debt. During the fiscal year ended October 31, 2007, the Fund acquired John Hancock Patriot Preferred Dividend Fund, John Hancock Patriot Premium Dividend Fund I and John Hancock Patriot Select Dividend Trust. The Fund’s investment advisor is John Hancock Advisers, LLC."

So, yeah. You can call me The Fund from now on. And please- use an ashtray.

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