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Financial freeze stalls developers
Seattle planners are reviewing about 150 master-use permit applications that are large enough to require city design review, but many have little hope of getting funding.
CBC.ca

Hartford, Lincoln National closer to bailout funds (AP)
Federal regulators will allow two large insurance companies to buy thrifts so they can qualify to receive money from the government's financial rescue program.
yahoo.com

Agency warns on automakers` pension funds: report
NEW YORK (Reuters) - An estimated 1.3 million car workers and retirees could see their pensions cut if one or more of the U.S. automakers collapse, the head of the government agency that protects Americans' pensions warned on Friday.
Reuters

Kayne Anderson Energy Total Return Fund, Inc.: Kayne Anderson Energy Total Return Fund, Inc. Announces Its Dividend Reinvestment Price
HOUSTON, TX (MARKET WIRE) Kayne Anderson Energy Total Return Fund, Inc. (the 'Fund') (NYSE: KYE) announced today that it intends to satisfy the provisions under the Fund's Dividend Reinvestment Plan by purchasing shares of common stock on the open market at prevailing prices, plus applicable brokerage commissions. The Fund is purchasing shares of common stock on the open market because the Fund's net asset value per share on January 8, 2009 was $14.08 per share, which was in excess of the closing market price of the Fund's common stock of $14.00 per share on such date.
Marketwire.com

Wermuth firesale plea fails to move investors
A hedge fund that is chaired by Lord Skidelsky, the historian, and has former Irish taoiseach Garret FitzGerald on its board has failed in an attempt to convince investors to lock up holdings to avoid a firesale
FT

Disaster Financial Assistance Available
Funds where insurance doesn't cover damage
homeinsurancepower.com

Ackman Exits Barnes & Noble
Hedge-fund manager dumps stake in bookseller after expanding ownership of rival Borders.
Forbes

Helios Advantage Income Fund, Inc.: Helios Advantage Income Fund, Inc. Monthly Dividend Declaration
NEW YORK, NEW YORK (MARKET WIRE) Helios Advantage Income Fund, Inc. (the 'Fund') (NYSE: HAV), formerly known as RMK Advantage Income Fund, Inc., today announced that its Board of Directors declared a monthly dividend of $0.015 per share, payable on January 29, 2009 to stockholders of record on January 22, 2009. The ex-dividend date is January 16, 2009. Based on the NYSE closing price of $1.05 on January 8, 2009, the Fund's annualized dividend yield is 17.14%.
Market Wire

Fairfax Financial Holdings Limited: Fairfax Announces Acquisition of Additional Brick Group Income Fund Units
TORONTO, ONTARIO (MARKET WIRE) Fairfax Financial Holdings Limited (TSX: FFH)(NYSE: FFH) announced today that it has acquired, through its subsidiaries, 858,500 Class A units of The Brick Group Income Fund, bringing its total holdings in the Fund to 8,380,200 units or approximately 19.52 % of the total Class A units outstanding. The units were purchased through the facilities of the Toronto Stock Exchange for investment purposes. Fairfax continually reviews its investment alternatives and may purchase additional units of The Brick Group Income Fund from time to time in accordance with applicable laws.
Marketwire.com

Helios Strategic Income Fund, Inc.: Helios Strategic Income Fund, Inc. Monthly Dividend Declaration
NEW YORK, NEW YORK (MARKET WIRE) Helios Strategic Income Fund, Inc. (the 'Fund')(NYSE: HSA), formerly known as RMK Strategic Income Fund, Inc., today announced that its Board of Directors declared a monthly dividend of $0.015 per share, payable on January 29, 2009 to stockholders of record on January 22, 2009. The ex-dividend date is January 16, 2009. Based on the NYSE closing price of $0.93 on January 8, 2009, the Fund's annualized dividend yield is 19.35%.
Market Wire

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