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SFI-UN Ex-Dividend Reminder - 4/25/13

On 4/25/13, Sprott Strategic Fixed Income Fund will trade ex-dividend, for its monthly dividend of $0.05, payable on 5/10/13. As a percentage of SFI.UN's recent stock price of $8.35, this dividend works out to approximately 0.60%, so look for shares of Sprott Strategic Fixed Income Fund to trade 0.60% lower — all else being equal — when SFI.UN shares open for trading on 4/25/13.

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Below is a dividend history chart for SFI.UN, showing historical dividends prior to the most recent $0.05 declared by Sprott Strategic Fixed Income Fund:

SFI.UN+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SFI.UN is likely to continue, and whether the current estimated yield of 7.19% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SFI.UN shares, versus its 200 day moving average:

Sprott Strategic Fixed Income Fund 200 Day Moving Average Chart

Looking at the chart above, SFI.UN's low point in its 52 week range is $8.25 per share, with $9.30 as the 52 week high point — that compares with a last trade of $8.35.

In Tuesday trading, Sprott Strategic Fixed Income Fund shares are currently trading flat on the day.