Financial Services Income Streams

Financial Services Income Streams

April 29, 2008 11:41 ET

Financial Services Income STREAMS: Financial Results for the Year Ending January 31, 2008

TORONTO, ONTARIO--(Marketwire - April 29, 2008) - Financial Services Income STREAMS Corporation ("FSI STREAMS") reports financial results for the year ending January 31, 2008.

The net asset value per unit (1 Equity Dividend share and 1 Capital Yield share) was $41.93 as at January 31, 2008. The Managed Portfolio per unit was $19.61 as at January 31, 2008.

During the year, Equity Dividend shareholders received distributions at the annual target rate of 7%. Capital Yield shareholders did not receive a distribution during the year as per the variable distribution program. Since inception of Financial Services Income STREAMS in October 2000 to January 31, 2008, Equity Dividend Shareholders have received a total of $12.78 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 Year ending January 31, 2008

($ Millions)

Income 0.597

Expenses (0.891)

Net investment income (loss) (0.294)

Realized option premiums and gain on sale of investments 1.447

Change in unrealized appreciation (depreciation) on
investments/forward agreements (4.446)

Increase (decrease) in net assets from operations before
distributions (3.293)

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)