Income Streams III

Income Streams III

January 18, 2007 09:00 ET

Income STREAMS III Monthly Distribution Declared for Equity Dividend Share and Capital Yield Share

TORONTO, ONTARIO--(CCNMatthews - Jan. 18, 2007) - The Board of Directors of Income STREAMS III ("IS STREAMS) declares its regular monthly distribution of $0.0875 per Equity Dividend Share (TSX:STQ.E). A distribution of $0.0833 ($1.00 annually) for each Capital Yield Share (TSX:STQ) has also been declared as per the distribution policy that allows for distributions to be paid when the mid-month managed portfolio exceeds $18 per unit. Distributions are payable February 9, 2007 to shareholders on record as of January 31, 2007.

Since inception Equity Dividend shareholders have received total distributions of $5.83 per share and Capital Yield shareholders have received $4.05 per share inclusive of this distribution.

The managed portfolio (the managed portion of the assets of IS STREAMS not subject to the Capital Yield share repayment forward contract) is invested primarily in a diversified portfolio of companies included in the S&P 500 and the S&P/TSX 60. 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.

Distribution Details:

Distribution per Equity Dividend Share (STQ.E) $ 0.0875

Distribution per Capital Yield Share (STQ) $ 0.0833

Ex-Dividend Date: January 29, 2007

Record Date: January 31, 2007

Payable Date: February 9, 2007

Contact Information

  • Income STREAMS III
    Investor Relations
    (416) 304-4443, toll free at 1-877-4-Quadra (1-877-478-2372)