The Rivus Bond Fund (NYSE:BDF) (the "Fund") declared a dividend of $0.2875 on September 10, 2008, payable on October 30, 2008, to shareholders of record at the close of business on October 3, 2008, with a Net Asset Value and New York Stock Exchange ex-dividend date of October 1, 2008 and a Comparison date of October 24, 2008.
The dividend of $0.2875 per share would indicate an annual dividend rate for the last four quarters of $1.15 per share and an annual dividend rate of $1.15 per share prospectively.
The Fund is a closed-end, diversified management investment company whose primary investment objective is to seek a high rate of return, primarily from interest income and trading activity, from a portfolio principally consisting of debt securities. The Fund is managed by MBIA Capital Management Corp.
Declaration Date: September 10, 2008