Financial Services Income Streams

Financial Services Income Streams

October 20, 2010 09:00 ET

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

TORONTO, ONTARIO--(Marketwire - Oct. 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. Distributions are payable November 10, 2010 to shareholders on record as of October 29, 2010.

To date, Equity Dividend shareholders have received 120 monthly distributions for a total of $17.59 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: October 27, 2010
Record Date: October 29, 2010
Payable Date: November 10, 2010

Contact Information

  • Financial Services Income STREAMS
    Investor Relations
    416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372)