Split Yield Corporation
TSX : YLD.PR.A
TSX : YLD
TSX : YLD.PR.B

Split Yield Corporation

April 25, 2007 12:21 ET

Split Yield Corporation: Financial Results for the Year Ending January 31,2007

TORONTO, ONTARIO--(CCNMatthews - April 25, 2007) - Split Yield Corporation ("Split Yield") reports financial results for the year ending January 31, 2007.

The net asset value per unit (1 Class I Preferred share, 1 Class II Preferred Share and 1 Capital share) increased by $3.06 per unit during the year, after the payment of distributions, to $33.33 as at January 31, 2007.

Class I Preferred shareholders and Class II Preferred shareholders received their regular dividends of $1.10 and $1.05 per share respectively during the year. Capital shareholders did not receive a distribution under the variable distribution program due to the overall level of net assets and realized income during the period. Since inception of Split Yield in April 1998 to January 31, 2007, Class I Preferred Shareholders have received a total of $9.67 per share in dividends, Class II Preferred Shareholders have received a total of $9.23 per share and Capital Shareholders have received a total of $7.25 per share.



Selected Financial Information from the Annual Statement of Operations:
For the year ending January 31 ($ millions)

2007
$

Income 1.041

Expenses (0.650)
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Net investment income 0.391

Realized option premiums and gain on sale of investments 2.485

Change in unrealized appreciation of investments 4.812
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Increase (decrease) in net assets from operations
before distributions 7.688


Comparative financial information is available in documents filed on
www.sedar.com


Split Yield is an actively managed mutual fund corporation that invests in common shares of companies included in the S&P/TSX 60 Index and the S&P 100 Index. In order to generate additional returns above the dividend income earned on the Portfolio, the company writes covered call options on all or part of the common shares in the portfolio. Quadravest Capital Management Inc. manages Split Yield's portfolio.

A unit of Split Yield is comprised of one Class I Preferred Share, one Class II Preferred Share and one Capital Share. The holders of Class I Preferred Shares are entitled to receive $1.10 per share or 5.50% annually based on the initial issue price. The holders of Class II Preferred Shares are entitled to receive $1.05 per share or 7.0% annually based on the initial issue price. Holders of Capital Shares are entitled to receive quarterly distributions from net realized gains and other investment income, after the payment of distributions to Class I and Class II preferred shareholders.

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