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[Closing Position In JER Investors Trust (JRT)]

Dear Member:

JER Investors Trust (JRT) has moved 80 cents or 7.8% in the 5 days since I entered my position and is having a little trouble getting above the $11 range. Though it pays a very high dividend, I am going to try to take profit now and am placing an order to sell my shares at a limit of $11.

DISCLOSURE: At the time of publication, I own shares of JRT.

Sincerely,
Bill Kraft

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