Income Streams III

Income Streams III

February 19, 2007 18:30 ET

Income STREAMS III: Monthly Distribution Declared for Equity Dividend Share and Capital Yield Share

TORONTO, ONTARIO--(CCNMatthews - Feb. 19, 2007) - The Board of Directors of Income STREAMS III ("IS STREAMS) declares its regular monthly distribution of $0.0875 per Equity Dividend Share (TSX:STQ.E). A distribution of $0.0833 ($1.00 annually) for each Capital Yield Share (TSX:STQ) has also been declared as per the distribution policy that allows for distributions to be paid when the mid-month managed portfolio exceeds $18 per unit. Distributions are payable March 9, 2007 to shareholders on record as of February 28, 2007.

Since inception Equity Dividend shareholders have received total distributions of $5.92 per share and Capital Yield shareholders have received $4.13 per share inclusive of this distribution.

The managed portfolio (the managed portion of the assets of IS STREAMS not subject to the Capital Yield share repayment forward contract) is invested primarily in a diversified portfolio of companies included in the S&P 500 and the S&P/TSX 60. 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 (STQ.E) $ 0.0875
Distribution per Capital Yield Share (STQ) $ 0.0833
Ex-Dividend Date: February 26, 2007
Record Date: February 28, 2007
Payable Date: March 9, 2007

Contact Information

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