AAV - Advantage Energy Income Fund

[BadThad]

The biggest dividend payer in my portfolio, especially nice because they pay MONTHLY dividends! Their stock was really beaten down hard because of a change to Canadian laws regarding distribution of profits and tax advantages. However, it's a good thing most investors are complete knuckleheads, because the change doesn't come into effect until something like Nov 2007. The stock dropped and I bought in at about $10. Well, apparently, a lot of people bought back when they figured out they could be getting a 12% yield for another year (or maybe forever)! Check the chart, stock performance is improved, but not huge...but...the dividend rocks and out-performs any high-yield savings or COD's.

10-day Avg Vol 814.9K
Shares Out. 113.6M
Dividend/Yield $1.72/12.56%


AAV

Company Profile:

Advantage Energy Income Fund (Advantage) is an open-ended oil and gas royalty trust based in Calgary, Alberta. Its principal business is to indirectly acquire and hold interests in petroleum and natural gas properties and related assets. Advantage’s business is carried on by its wholly owned subsidiary, Advantage Oil & Gas Ltd. (AOG). AOG is engaged in the business of oil and gas exploration, development, acquisition and production in the provinces of Alberta, British Columbia and Saskatchewan. Its properties are spread geographically throughout the Western Canadian Sedimentary Basin, and the majority of its properties concentrated in Alberta and north eastern British Columbia, and in southeast Saskatchewan. It operates over 85% of its properties. Light or medium gravity oil accounts for 27% of its production and 39% of its reserves, and a further 73% of production and 61% of reserves are natural gas. The merger of Advantage and Ketch Resources Trust was completed on June 23, 2006.

Ratings:

Jaywalk - HOLD

Today's Price: $13.88

[BadThad]

Monthy distribution announced:

Advantage Announces Monthly Distribution
4:07p ET July 13, 2007 (PR NewsWire)
Advantage Energy Income Fund ("Advantage" or the "Fund") announces that the cash distribution for the month of July will be $0.15 per Unit. The distribution represents an annualized yield of 12.5% based on the July 12, 2007 closing price of $14.42 per Unit.

The distribution will be payable on August 15, 2007 to Unitholders of record at the close of business on July 31, 2007. The ex-distribution date is July 27, 2007. The cash distribution is based on approximately 116.4 million Units outstanding.

The CDN$0.15 per Unit is equivalent to approximately US$0.14 per Unit if converted using a Canadian/US dollar exchange rate of 1.05. The US dollar equivalent distribution will be based upon the actual Canadian/US exchange rate applied on the payment date and will be net of any Canadian withholding taxes that may apply.

SOURCE Advantage Energy Income Fund