The phrase you are looking for is "unearned income". Whether it is capital gains, dividends or interest, under the plan which will take place when the Bush cuts expire is "unearned income".
What part of what FIG does is "earned income" that applies to you, me, or any of the rest of the limited partners who have an equity interest in this enterprise?
Otherwise, beginning Jan 1, if FIG pays out 5 cents or $5.00, we get hosed to the tune of 40%
Look at the number of shares the insiders hold. They are not going to screw themselves by being liable for paying 150% more in taxes by waiting until next year to do dividends of any kind - top offs, regular or anything.
On my last post I reported I am long the underlying security. I also reported I am really long the calls. On Monday, the x date, I'm getting more long the calls.