Capital Gains Income Streams
TSX : CGQ
TSX : CGQ.E

Capital Gains Income Streams

April 05, 2011 16:30 ET

Capital Gains Income STREAMS Corp. Settlement Increases Net Asset Value

TORONTO, ONTARIO--(Marketwire - April 5, 2011) - Capital Gains Income STREAMS Corp. (TSX:CGQ)(TSX:CGQ.E) announced today that it has settled its claim against one of its counterparties related to a dispute regarding the proper calculation of the forward fees charged by that counterparty under its capital repayment forward agreement, as more fully described in Note 6 to Capital Gains Income STREAMS Corp.'s most recent annual financial statements. Capital Gains Income STREAMS Corp. will receive $781,064 under the settlement agreement, which amount represents substantially all of the forward fees that were in dispute between Capital Gains Income STREAMS Corp. and that forward counterparty. This payment is expected to be received on or before April 15, 2011 and will be credited to the managed portfolio component of Capital Gains Income STREAMS. It will result in an increase of $0.70 in the net asset value per unit. In addition, the methodology for calculating the forward fees for the remaining term of the forward agreement has been resolved to the satisfaction of Capital Gains Income STREAMS Corp.

Contact Information

  • Capital Gains Income STREAMS Corp.
    Investor Relations
    416-304-4443
    Toll Free: 1-877-4-Quadra (1-877-478-2372)
    www.quadravest.com