Financial Services Income Streams

Financial Services Income Streams

December 18, 2006 09:00 ET

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

TORONTO, ONTARIO--(CCNMatthews - Dec. 18, 2006) - 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 January 10, 2007 to shareholders on record as of December 29, 2006.

To date, Equity Dividend shareholders have received 74 monthly distributions for a total of $10.88 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: December 27, 2006

Record Date: December 29, 2006

Payable Date: Date: January 10, 2007

Contact Information

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