Land Investment Income Fund Dividends Expected Today
The Directors of LIF Have Announced a November Dividend of .025 Per Share, Payable on or Before November 21, 2008
For SLReports.netThe Directors of Land Investment Income Fund (LIF : VSTEX) have announced a November dividend of .025 per share, payable on or before November 21, 2008. This was very welcomed, and some ways, unexpected news considering the recent changes in Openspace Policy, and was well recieved by
Giampaolo Huldschinsky, who was recently named Vice President of IMG(ACE), was among the first to publicly congratulate the firm. "Yes great news, it is rare in this period to hear such good news!"
The LIF(ISE) was founded to provide regular income to shareholders through the purchase, development and sale of Mainland Real Estate and, to a lesser extent, the operation of residential and commercial rental properties. LIF(ISE)'s focus is on the disbursement of income to the shareholders, and pledged its intention to distribute no less than fifty percent, up to a maximum of 100 percent, of net income weekly in the form of dividends directly to the shareholders. LIF(ISE) anticipated an average, regular weekly dividend disbursement of 80-90% of net income once the Fund was in full operation.
Linden Lab policy changes, of which the Openspace Controversy is the latest, have not made that an easy task.
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