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URL:  http://boards.fool.com/doesnt-this-mean-if-youre-taking-dividends-the-20876210.aspx

Subject:  Re: Vanguard Talk on Bond Fund NAVs Date:  6/9/2004  3:16 PM
Author:  iamdb Number:  10260 of 35357

Doesn't this mean if you're taking dividends the dollar amount of your monthly distribution is unlikely to change much. Whereas, if you reinvest dividends, the dollar amount buys more shares as the NAV decreases.

db
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