Information and analysis of Exchange Traded Funds.
February 1, 2007 12:32 AM
Pending shareholder approval this month, John Hancock’s Patriot Premium Dividend Fund I (PDF), Patriot Select Dividend Trust (DIV), Patriot Global Dividend Fund (PGD), and Patriot Preferred Dividend Fund (PPF) will be acquired by the Patriot Premium Dividend Fund II (PDT).
All five funds are currently trading at a noticable discount (10–13%), with yields of 4.98–6.61%.