Split Yield Corporation

Split Yield Corporation

September 27, 2007 11:41 ET

Split Yield Corporation: Financial Results for the Six Months Ending July 31, 2007

TORONTO, ONTARIO--(Marketwire - Sept. 27, 2007) - Split Yield Corporation ("Split Yield") reports financial results for the six months ending July 31, 2007.

The net asset value per unit (1 Class I Preferred share, 1 Class II Preferred Share and 1 Capital share) was $31.89 as at July 31, 2007.

Class I Preferred shareholders and Class II Preferred shareholders received their regular dividends of $0.55 and $0.525 per share respectively during the six months. Capital shareholders did not receive a distribution under the variable distribution program due to the overall level of net assets and realized income during the period. Since inception of Split Yield in April 1998 to July 31, 2007, Class I Preferred Shareholders have received a total of $10.22 per share in dividends, Class II Preferred Shareholders have received a total of $9.75 per share and Capital Shareholders have received a total of $7.25 per share.

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

($ Millions)

Income 0.795

Expenses (0.352)

Net investment income 0.443

Realized option premiums and gain on sale of investments 1.113

Change in unrealized appreciation (depreciation)
of investments (2.032)
Increase (decrease) in net assets from operations before
distributions (0.476)

Comparative financial information is available in documents
filed on www.sedar.com

Split Yield Corporation is an actively managed mutual fund corporation that invests primarily in common shares of companies included in the TSX 100 Index and the S&P 100 Index. To generate additional returns above the dividend income earned in the portfolio, the Corporation will from time to time write covered call options in respect to all or part of the common shares in the portfolio.

Contact Information

  • Split Yield Corporation
    Investor Relations
    (416) 304-4443
    Toll free: 1-877-4-Quadra (1-877-478-2372)
    Website: www.quadravest.com