AEW Real Estate Income Fund Announces Dividends for April, May and June 2006.BOSTON -- The AEW AEW Airborne Early Warning AEW Air Expeditionary Wing AEW Airborne Electronic Warfare AEW Agr' Eau' Wat (Canadian agricultural consultant) AEW Amckerns Explosion Wars (Half Life community) Real Estate Income Fund, which is listed on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol "RIF," announced today three monthly dividends of $0.115 per common share for the months of April, May, and June payable on April 28, 2006, May 26, 2006, and June 30, 2006, respectively, to shareholders of record on April 18, 2006, May 15, 2006, and June 12, 2006, respectively. These amounts are in accordance with the policy that the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of the Fund has adopted to provide investors with a stable, monthly distribution paid out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital Paid-in capital Capital received from investors in exchange for stock, but not stock from capital generated from earnings or donated. This account includes capital stock and contributions of stockholders credited to accounts other than capital stock. . The AEW Real Estate Income Fund is subject to U.S. corporate tax laws. Under U.S. tax accounting rules, the amount of distributable income for each fiscal period depends on the composition of distributions made by the underlying portfolio of Real Estate Investment Trusts ("REITs") and on the aggregate gains and losses realized by the Fund during the entire year. Accordingly, the precise amount of distributable (taxable) income can only be determined after the end of the Fund's fiscal year, January 31. Distributions may be redesignated as capital gain distributions or, if in excess of taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. , as a return of paid-in capital. The AEW Real Estate Income Fund's primary investment objective is high current income; its secondary investment objective is capital appreciation. The Fund currently seeks to achieve its investment objectives by investing primarily in common and preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. issued by REITs and other real estate companies. The Fund's portfolio manager is Matthew A. Troxell, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. . Jeffrey P. Caira, J. Hall Jones, Jr., CFA, and Roman Ranocha, CFA, are assistant portfolio managers of the Fund. The AEW Real Estate Income Fund, a non-diversified closed-end investment Closed-End Investment When an investment company issues a fixed number of shares in an actively managed portfolio of securities. The shares are traded in the market just like common stock. Notes: Most mutual funds are open-end funds, not closed-end. management company, is advised by AEW Management and Advisors, L.P., an affiliate of AEW Capital Management, L.P. ("AEW"), which is a subsidiary of IXIS Asset Management US Group, L.P. AEW is a real estate investment manager, providing advisory services to investors worldwide, focusing on directly held real estate assets, real estate equity securities, real estate opportunity funds and international investment. AEW and its affiliates currently manage over $23 billion of capital which is invested in $32 billion of real estate and securities in North America and Europe. For further information, visit www.aew.com or www.ixisag.com/aew_rif/. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion