Capital Gains Income Streams
TSX : CGQ.E

Capital Gains Income Streams

February 25, 2010 12:56 ET

Capital Gains Income STREAMS: Financial Results to November 30, 2009

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2010) - Capital Gains Income STREAMS Corporation ("CGQ STREAMS") today announced its annual financial results for the year ending November 30, 2009.

The year November 30, 2009 was one of the most tumultuous periods in financial market history. Against this backdrop, the market prices of the stocks in the managed portfolio mirrored this activity reaching lows in early March but recovering significantly by the end of November. The net asset value per unit (a unit consists of one Equity Dividend share and one Capital Yield share) increased by $0.52 to $30.51 per unit as at November 30, 2009. The net asset value per unit was comprised of a $7.54 managed portfolio per unit and $22.97 per unit in the Capital Yield share repayment forward agreement.

The complete financial statements are available at www.quadravest.com or www.sedar.com.

CGQ STREAMS is a mutual fund corporation that invests in a diversified portfolio consisting principally of common shares issued by corporations whose shares are included in the S&P 500 and the S&P/TSX 60 Index.

Selected Financial Information from the Statement of Financial Operations:
For the year ending November 30, 2009  
  ($ Millions)
   
  Income 0.413
   
  Expenses (0.931)
   
  Net investment income (0.518)
   
  Realized option premiums and gain (loss) on sale of investments (1.220)
   
  Change in unrealized appreciation on investments/forward agreements 3.825
   
  Increase in net assets from operations before distributions 2.087
   
Comparative financial information is available in documents filed on www.sedar.com.  

Contact Information

  • Capital Gains Income STREAMS
    Investor Relations
    416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)
    www.quadravest.com