Income Streams III

Income Streams III

July 29, 2009 17:11 ET

Income STREAMS III: Financial Results to May 31, 2009

TORONTO, ONTARIO--(Marketwire - July 29, 2009) - Income STREAMS III Corporation ("STQ STREAMS") (TSX:STQ.E) today announced its semi-annual financial results for the six months ending May 31, 2009.

The six month period ending May 31, 2009 was one of the most tumultuous periods in financial market history. Against this backdrop, the market prices of the stocks in the managed portfolio mirrored this activity reaching lows in early March but recovering significantly by the end of May. The net asset value per unit (a unit consists of one Equity Dividend share and one Capital Yield share) increased by $0.09 to $31.32 per unit as at May 31, 2009. The net asset value per unit was comprised of an $8.77 managed portfolio per unit and $22.55 per unit in the Capital Yield share repayment forward agreement.

STQ STREAMS is a mutual fund corporation that invests in a diversified portfolio consisting principally of common shares issued by corporations whose shares are included in the S&P 500 and the S&P/TSX 60 Index.

Selected Financial Information from the Statement of Financial Operations:

For the six months ending May 31, 2009
($ Millions)

Income 0.543

Expenses (0.750)

Net investment income (0.207)

Realized option premiums and gain
(loss) on sale of investments (0.774)

Change in unrealized appreciation on
investments/forward agreements 2.327

Increase in net assets from operations
before distributions 1.346

Comparative financial information is available in documents filed on

Contact Information

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