Ameristar RSP Income Trust

Ameristar RSP Income Trust

August 26, 2005 11:59 ET

Ameristar RSP Income Trust: Results for the Six Months Ending June 30, 2005

TORONTO, ONTARIO--(CCNMatthews - Aug. 26, 2005) - AMERISTAR RSP INCOME TRUST ("AmeriStar") (TSX:RSP.UN) today announced its semi-annual financial results for the six months ending June 30, 2005.

Six monthly payments totaling $0.53 per unit were made under the variable distribution program during the year. A total of 67 distributions totaling $9.04 have been paid since inception. The net asset value per unit was $12.18 as at June 30, 2005.

Selected Financial Information from the Semi-Annual Statement of

Six months ending Six months ending
June 30, 2005 June 30, 2004
$ $

Income .050 .100

Expenses .078 .103
---- ----

Net investment income (.028) (.003)

Realized option premiums
and gain on sale of
investments (.296) (.558)

Change in unrealized
appreciation of
investments .344 .726
---- ----

Increase in net assets from
operations before
distributions .020 .165

AmeriStar was launched in December 1999. It invests primarily in corporations that are included in the S&P 500. AmeriStar is managed in a manner to allow it to remain as Canadian content within tax sheltered RRSP, RRIF and DPSP plans. To generate additional returns above the dividend and interest income earned, covered call options are written on all or part of the securities in the portfolio. Quadravest Capital Management Inc. actively manages the portfolio.

Contact Information

  • Quadravest Capital Management
    Wayne Finch
    Chairman and Chief Investment Officer
    (416) 304-4443
    Quadravest Capital Management
    Laura Johnson
    Vice President
    (416) 304-4443
    Quadravest Capital Management
    Peter Cruickshank
    Chief Financial Officer
    (416) 304-4443