Financial Services Income Streams

Financial Services Income Streams

September 20, 2010 09:00 ET

Financial Services Income STREAMS: Monthly Distribution Declared for Equity Dividend Share

TORONTO, ONTARIO--(Marketwire - Sept. 20, 2010) - The Board of Directors of Financial Services Income STREAMS ("FSI STREAMS") declares its regular monthly distribution of $0.1458 per Equity Dividend share (TSX:STR.E). Distributions are payable October 8, 2010 to shareholders on record as of September 30, 2010.

To date, Equity Dividend shareholders have received 119 monthly distributions for a total of $17.44 per share, inclusive of this distribution.

The managed portfolio (the managed portion of the assets of FSI STREAMS not subject to the repayment forward contract) is invested in a diversified portfolio of North American financial services stocks selected from the three major North American Financial services indices. The three indices are the TSX Financial Services Index, the S&P Financials Index and the S&P Midcap Financial Index. The managed portfolio can also invest up to 20% in non financial service companies selected from the TSX 300 Index and the S&P 500 Index. 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 (STR.E) $ 0.1458
Ex-Dividend Date: September 28, 2010
Record Date: September 30, 2010
Payable Date: October 8, 2010

Contact Information

  • Financial Services Income STREAMS
    Investor Relations
    416-304-4443 or Toll Free at 1-877-4-Quadra (1-877-478-2372)