I hold in both and they are my two largest hoding for income purposes.
The NFI divvy is coming and you have to buy within in the next day to get it.
Forthose who want to see a comparison on price flucuation you can see what the concerted short attack did to NFI in April and how it has now climbed back above NLY inspite of a new short attack--which for divvy buyers is only a buying opportunity. If you can handle the ups and downs of NFI it pays a healthy dividend and managment has pretty mcuh guaranteed it for 2005 along with special bonus dividends.
If you are going to look at the price every day NFI could drive you crazy. Their message board is filled with shorts bashing and longs supporting. It makes NLY look tame.
I have ambivalent feelings aobut it going to $70--both in terms of whether it will do that again and whether or not I want it to happen. I really bought this for steady income and right now for at least three years will just be dripping the income. If it shoots up I end up with fewer shares before I start using the income
INdeed--that is why is said "pretty much" guaranteed. Perhaps a bit oxymoronic. Fact is they have a history or maintinaing or increasing divvy's and their rpess relase said they expected tomaintain the basic divy of $5.60 per share plus bonuses. That is what has happend this year with a bonsu of $1.25 per share. Very healthy income stream....and yes as the caveats say "past history is no guarantee of future performaqnce."
For those who want the bonus dividiend for 2004 they have to pull the trigger right now.