In comparison , for the three months ended March 31 , 2008 , the Fund had net investment income of $ 598,367 ( $ 0.238 per common share ) . From this amount , the Fund paid dividends on preferred shares of $ 199,532 ( equal to $ 0.080 for each common share ) , resulting in net investment income after the preferred dividends of $ 398,835 , or $ 0.158 per common share .