Western Asset Income Fund (NYSE:PAI) previously reported, a monthly distribution rate of $0.0650 per common share for the months of December 2010, and January and February 2011. Announce the amount of the Fund’s distributions that have been declared by the Board of Directors. In early 2011 and early 2012, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on your tax return.
Western Asset Income Fund is a close ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. It invests in the fixed income markets of the United States. The fund benchmarks the performance of its portfolio against the Lehman High Yield Index and Lehman US Credit Index.
MyPhotoAlbum, Inc. (NYSE:FCT) declared the Fund’s regularly scheduled monthly common share distribution payable on December 10, 2010 to shareholders of record on December 3, 2010. The ex-dividend date is expected to be December 1, 2010. The majority, and possibly all, of this distribution will be paid out of net investment income earned by the Fund. A portion of this distribution may come from net short-term realized capital gains or return of capital. The final determination of the source and tax status of 2010 distributions will be made after the end of 2010. The Fund is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income. As a secondary objective, the Fund attempts to preserve capital. The Fund pursues these investment objectives by investing in senior secured U.S. dollar-denominated floating-rate corporate loans.
MyPhotoAlbum Inc, formerly Fortunecity Com Inc, is a global company based in the United States that is involved in the online Web services. The Company provides a photo and video sharing service with features for creating online photo albums. MyPhotoAlbum enables to share and store photos via Web, software, mobile phone and e-mail. The photos can be displayed on other Websites, blogs and profiles. In addition, it offers the selection of private or public album access settings, e-mail customized invitations to view albums, photos, videos and slideshows, as well as personalized photo keepsakes.
Dycom Industries Inc. (NYSE:DY) recently reported that it has approximately $1.3 million of remaining authorization under its current share repurchase program. Since the repurchase program began, in February 2010, the Company has used approximately $38.7 million to acquire 4,007,002 shares of common stock. Accordingly, the Company announced that the Board of Directors has authorized an additional $20 million to purchase Dycom common stock under the Company’s existing share repurchase program. These purchases may be made over the next eighteen (18) months in open market or private transactions at the discretion of management.
Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. The companys services include engineering services, which comprise the design of service area concept boxes, terminals, buried and aerial drops, transmission and central office equipment, administration of feeder and distribution cable pairs, and fiber cable routing and design for telephone companies; and make-ready studies, strand mapping, field walk-out, computer-aided radio frequency design and drafting, and fiber cable routing and design for cable television multiple system operators.
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