Financial Services Income Streams

Financial Services Income Streams

September 27, 2007 11:40 ET

Financial Services Income STREAMS: Financial Results for the Six Months Ending July 31, 2007

TORONTO, ONTARIO--(Marketwire - Sept. 27, 2007) - Financial Services Income STREAMS Corporation ("FSI STREAMS") reports financial results for the six months ending July 31, 2007.

The net asset value per unit (1 Equity Dividend share and 1 Capital Yield share) was $43.32 as at July 31, 2007. The Managed Portfolio per unit was $22.33 as at July 31, 2007.

During the six months, Equity Dividend shareholders received distributions at the annual target rate of 7%. Capital Yield shareholders did not receive a distribution during the six months as per the variable distribution program. Since inception of Financial Services Income STREAMS in October 2000 to July 31, 2007, Equity Dividend Shareholders have received a total of $11.90 per share and the Capital Yield Shareholders have received a total of $4.25 per share.

Selected Financial Information from the Statement of Operations:
For the Six months ending July 31, 2007

($ Millions)

Income 0.515

Expenses (0.474)

Net investment income 0.041

Realized option premiums and gain on sale of investments 0.860

Change in unrealized appreciation (depreciation) on
investments/forward agreements (3.423)

Increase (decrease) in net assets from operations before
distributions (2.522)

Comparative financial information is available in documents filed on

The managed portfolio (the managed portion of the assets of FSI STREAMS not subject to the repayment forward contract) is invested in a diversified portfolio of North American financial services stocks selected from the three major North American Financial services indices. The three indices are the TSX Financial Services Index, the S&P Financials Index and the S&P Midcap Financial Index. To provide additional returns above the dividend and interest income earned on the managed portfolio, a covered call writing program generates option premium income on stocks held in the portfolio.

Contact Information

  • Financial Services Income STREAMS
    Investor Relations
    (416) 304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)