Split Yield Corporation

Split Yield Corporation

April 29, 2008 11:39 ET

Split Yield Corporation: Financial Results for the Year Ending January 31, 2008

TORONTO, ONTARIO--(Marketwire - April 29, 2008) - Split Yield Corporation ("Split Yield") reports financial results for the year ending January 31, 2008.

The net asset value per unit (1 Class I Preferred share, 1 Class II Preferred Share and 1 Capital share) was $26.30 as at January 31, 2008.

Class I Preferred shareholders and Class II Preferred shareholders received their regular dividends of $1.10 and $1.05 per share respectively during the year. 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 January 31, 2008, Class I Preferred Shareholders have received a total of $10.77 per share in dividends, Class II Preferred Shareholders have received a total of $10.28 per share and Capital Shareholders have received a total of $7.25 per share.

Selected Financial Information from the Statement of Operations:
For the year ending January 31, 2008

($ Millions)

Income 1.109

Expenses (0.635)

Net investment income 0.474

Realized option premiums and gain on sale of investments 0.937

Change in unrealized appreciation (depreciation) of
investments (8.531)

Increase (decrease) in net assets from operations before
distributions (7.120)

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 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
    Website: www.quadravest.com