- Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)
27 May 2009 - 12:48AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment
Company Act file number
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811-22079
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RMR
DIVIDEND CAPTURE FUND
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(Exact name of registrant as specified in charter)
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400 CENTRE STREET
NEWTON, MASSACHUSETTS
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02458
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(Address of principal executive offices)
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(Zip code)
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Adam D. Portnoy, President
RMR Dividend Capture Fund
400 Centre Street
Newton, Massachusetts 02458
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(Name and address of agent for service)
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Copy to:
Brian D. OSullivan
State Street Bank and Trust Company
801 Pennsylvania Avenue, Tower II, 4
th
Floor
Kansas City, Missouri 64102
Julie A Tedesco, Esq.
State Street Bank and Trust Company
4 Copley Place, 5
th
Floor
Boston, MA 02116
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Registrants
telephone number, including area code:
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(617)
332-9530
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Date of
fiscal year end:
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December 31
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Date of
reporting period:
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March 31,
2009
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RMR
Dividend Capture Fund
Portfolio of Investments
March 31,
2009 (unaudited)
Company
|
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Shares
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Value
|
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Common Stocks 80.8%
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|
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Real Estate Investment Trusts 80.8%
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Apartments 9.0%
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|
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Apartment Investment & Management Co.
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100
|
|
$
|
548
|
|
Associated Estates Realty Corp.
|
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5,000
|
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28,400
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|
AvalonBay Communities, Inc.
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103
|
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4,847
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Home Properties, Inc.
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100
|
|
3,065
|
|
Mid-America Apartment Communities, Inc.
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3,000
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92,490
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UDR, Inc.
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3,000
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25,830
|
|
|
|
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155,180
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Diversified 13.8%
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|
|
|
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Colonial Properties Trust
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8,800
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33,528
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Cousins Properties, Inc.
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5,000
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32,200
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Duke Realty Corp.
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16,100
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88,550
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Lexington Corporate Properties Trust
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33,883
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80,642
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Vornado Realty Trust
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101
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3,357
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|
|
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238,277
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Health Care 8.2%
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|
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Cogdell Spencer, Inc.
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6,700
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34,170
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Health Care REIT, Inc.
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200
|
|
6,118
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Medical Properties Trust, Inc.
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27,000
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98,550
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Nationwide Health Properties, Inc.
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100
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|
2,219
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OMEGA Healthcare Investors, Inc.
|
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100
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1,408
|
|
|
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142,465
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Hospitality 12.6%
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|
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DiamondRock Hospitality Co.
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20,000
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80,200
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Entertainment Properties Trust
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1,500
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23,640
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Hersha Hospitality Trust
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60,490
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114,931
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218,771
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Industrial 0.2%
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EastGroup Properties, Inc.
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100
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2,807
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Office 12.4%
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BioMed Realty Trust, Inc.
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4,000
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27,080
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Brandywine Realty Trust
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23,000
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65,550
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Corporate Office Properties Trust
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100
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2,483
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Highwoods Properties, Inc.
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2,500
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53,550
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Kilroy Realty Corp.
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2,500
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42,975
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Mack-Cali Realty Corp.
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100
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1,981
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SL Green Realty Corp.
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1,900
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20,520
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214,139
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Retail 20.2%
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CBL & Associates Properties, Inc.
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17,200
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40,592
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Equity One, Inc.
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100
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1,219
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Kimco Realty Corp.
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7,500
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57,150
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Realty Income Corp.
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2,800
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52,696
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Regency Centers Corp.
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2,000
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53,140
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Simon Property Group, Inc.
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1,535
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53,172
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Tanger Factory Outlet Centers, Inc.
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100
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3,086
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The Macerich Co.
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8,000
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50,080
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Weingarten Realty Investors
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4,000
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38,080
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349,215
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See notes to portfolio of investments.
Company
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Shares
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Value
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Common Stocks continued
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Real Estate Investment Trusts continued
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Storage 4.4%
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Extra Space Storage, Inc.
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8,000
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$
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44,080
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Public Storage, Inc.
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100
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5,525
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Sovran Self Storage, Inc.
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100
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2,008
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Sun Communities, Inc.
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100
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1,183
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U-Store-It Trust
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12,000
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24,240
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77,036
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Total
Real Estate Investment Trusts
(Cost $3,775,514)
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1,397,890
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Total
Common Stocks
(Cost $3,775,514)
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1,397,890
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Other Investment Companies 49.5%
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Blackrock Preferred and Equity Advantage Trust
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19,336
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122,397
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Cohen & Steers Advantage Income Realty Fund, Inc.
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52,500
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104,475
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Cohen & Steers Premium Income Realty Fund, Inc.
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7,177
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13,493
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Cohen & Steers REIT and Utility Income Fund, Inc.
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24,384
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105,095
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DWS RREEF Real Estate Fund II, Inc.
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94,150
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40,484
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Eaton Vance Enhanced Equity Income Fund II
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12,100
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118,338
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Neuberger Berman Real Estate Securities Income Fund, Inc.
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30,000
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37,800
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Nicholas-Applegate Convertible & Income Fund II
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504
|
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2,092
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Nuveen Floating Rate Income Fund
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20,185
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118,486
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Nuveen Real Estate Income Fund
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3,700
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13,283
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Ultra Real Estate ProShares
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7,900
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19,355
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UltraShort Real Estate ProShares
|
|
750
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39,548
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Western Asset Emerging Markets Debt Fund, Inc.
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10,293
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121,457
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Total
Other Investment Companies
(Cost $3,489,968)
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856,303
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Short-Term Investments 11.6%
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|
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Other Investment Companies 11.6%
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|
|
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Dreyfus Cash Management, Institutional Shares, 0.74% (a) (Cost
$201,083)
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201,083
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201,083
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Total Investments 141.9% (Cost $7,466,565) (b)
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2,455,276
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Other assets less liabilities (2.9)%
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|
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(50,288
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)
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Preferred Shares, at liquidation preference (39.0)%
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|
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(675,000
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)
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Net Assets applicable to common shareholders 100%
|
|
|
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$
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1,729,988
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Notes to Portfolio of
Investments
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(a)
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Rate reflects 7 day yield
as of March 31, 2009.
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(b)
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Although subject to
adjustments to the extent 2009 distributions by the issuers of the Funds
investments are characterized as return of capital, the cost, gross
unrealized appreciation and gross unrealized depreciation of the Funds
investments for federal income tax purposes, as of March 31, 2009, are
as follows:
|
Cost
|
|
$
|
7,466,565
|
|
|
|
|
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Gross unrealized appreciation
|
|
$
|
10,135
|
|
|
|
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Gross unrealized depreciation
|
|
(5,021,424
|
)
|
|
|
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Net unrealized depreciation
|
|
$
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(5,011,289
|
)
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Reference
should be made to the Funds financial statements for the year ended December 31,
2008, for further information concerning the income tax characterization of the
Funds investment income and distributions.
Fair Value Measurements
Under Financial Accounting Standards Board Statement
of Financial Accounting Standards No. 157, Fair Value Measurements, or FAS
157, fair value is defined as the price that the Fund would receive upon
selling an investment in a timely transaction to an independent buyer in the
principal or most advantageous market of the investment. FAS 157 established a
three tier hierarchy to maximize the use of observable market data and minimize
the use of unobservable inputs and to establish classification of fair value
measurements for disclosure purposes. Observable
inputs are inputs that reflect the assumptions market participants would
use in pricing the asset or liability developed based on market data obtained
from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entitys
own assumptions about the assumptions market participants would use in pricing
the asset or liability developed based on the best information available in the
circumstances.
The following is a summary of the inputs used as of March 31,
2009, in valuing the Funds investments carried at value:
Valuation Inputs
|
|
Investments in
Securities
|
|
Level 1
Quoted
prices
|
|
$
|
2,455,276
|
|
Level 2
Other
significant observable inputs
|
|
|
|
Level 3 Significant unobservable inputs
|
|
|
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Total
|
|
$
|
2,455,276
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There were no investments in securities characterized
as Level 2 or Level 3 on December 31, 2008, or March 31, 2009.
Item
2. Controls and Procedures.
(a) The registrants principal executive officer and principal financial officer have concluded that the registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the 1940 Act)), are effective, as of a date within 90 days of the filing date of this report, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended.
(b)
There were no changes in the registrants internal control over financial
reporting (as defined in Rule 30a-3(d) under the 1940 Act) that
occurred during the registrants last fiscal quarter that have materially
affected, or are reasonably likely to materially affect, the registrants
internal control over financial reporting.
Item 3. Exhibits.
(a)(1) Certification of Principal Executive
Officer, as required by Rule 30a-2(a) under the 1940 Act.
(a)(2) Certification of Principal Financial
Officer, as required by Rule 30a-2(a) under the 1940 Act.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
RMR
DIVIDEND CAPTURE FUND
By:
|
/s/
Adam D. Portnoy
|
|
|
Adam
D. Portnoy
|
|
President
|
|
|
Date:
|
May 22, 2009
|
Pursuant
to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, this report has been signed below by the following persons
on behalf of the registrant and in the capacities and on the dates indicated.
By:
|
/s/
Adam D. Portnoy
|
|
|
Adam
D. Portnoy
|
|
President
|
|
|
Date:
|
May 22, 2009
|
By:
|
/s/
Mark L. Kleifges
|
|
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Mark
L. Kleifges
|
|
Treasurer
|
|
|
Date:
|
May 22, 2009
|
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