Financial Services Income Streams

Financial Services Income Streams

September 25, 2009 12:03 ET

Financial Services Income STREAMS: Financial Results for the Six Months Ending July 31, 2009

TORONTO, ONTARIO--(Marketwire - Sept. 25, 2009) - Financial Services Income STREAMS Corporation ("FSI STREAMS") reports financial results for the six months ending July 31, 2009.

The six month period ending July 31, 2009 was one of the most tumultuous periods in financial market history. Against this backdrop, the market prices of the financial services stocks in the managed portfolio mirrored this activity reaching lows in early March but recovering significantly by the end of July. The net asset value as at July 31 ended $1.18 higher to $37.81 per unit over the six month period. The $1.18 per unit increase was comprised of an increase of $0.88 in the managed portfolio component to $13.17 per unit and a $0.30 increase in the Capital Yield Share repayment forward agreement to $24.64 per unit. Equity Dividend shareholders received $0.875 per share in regular distributions during the period.

Selected Financial Information from the Statement of Operations: 
For the Six months ending July 31, 2009 
  ($ Millions)
 Net investment loss(0.444)
 Realized option premiums and gain on sale of investments0.352
 Change in unrealized appreciation on investments/forward agreements2.343
 Increase in net assets from operations before distributions2.251

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, toll free at 1-877-4-Quadra (1-877-478-2372)